CNN reports: The U.S. and Israel have the worst inequality in the developed world, according to a report from the Organisation for Economic Co-operation and Development.
The OECD found that the gap between rich and poor is at record levels in most of its 34 member countries. But the U.S. and Israel stood out from the pack.
In the U.S., the richest 10% of the population earn 16.5 times the income of the poorest 10%. In Israel, the richest 10% earn 15 times that of the poorest.
That compares with the average ratio of 9.6 times across the OECD. [Continue reading…]