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GOBankingRates
GOBankingRates
John Csiszar

If Every Billionaire Became Middle Class, How Much Would Everyone Else Gain?

Prostock-Studio / iStock.com

Wealth inequality in the United States is a real thing. According to the Pew Research Group, the United States has the 10th-most unequal wealth distribution in the world.

But things actually get worse after taxes and transfers are taken into account. This process, which in many countries actually helps moderate wealth inequality, actually increases it in the United States, boosting the country’s global rank to No. 2. This begs the question of how much better off the average American would be if wealth was more equally redistributed.

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