TBT - The Divergent Paths Of Income And Wealth Inequality
By now, everyone is well aware of economic inequality. What might be somewhat obscured is the difference between income inequality and wealth inequality.
The two terms are often used interchangeably, but they are not the same. Income inequality measures the differences in annual inflows of money across the spectrum of earners, whereas wealth inequality measures the differences between individuals' net worths including all assets.
Picture Source: Quillette
Recent research based on data from the Survey of Consumer Finances compiled by researchers from the University of Bonn in Germany reveals an interesting divergence between the two