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Luxembourg

Is Europe as Unequal as the U.S.?

Otaviano Canuto's picture

Europe is the land of generous social programs with not as much inequality as in the U.S., right? It is fair to say that low interpersonal inequality in general remains fundamental for most Europeans, while part of the American dream is to pursue social mobility based on entrepreneurship and equality of opportunities rather than income. Nevertheless, if the European Union (EU) is taken as a single country, economic data show that the EU and the U.S. have similar levels of inequality.