Inequality In America Is Worse Than In Egypt, Tunisia Or Yemen
However, the U.S. actually has much greater inequality than in any of those countries.
Specifically, the "Gini Coefficient" - the figure economists use to measure inequality - is higher in the U.S.
Gini Coefficients are like golf - the lower the score, the better (i.e. the more equality).
According to the CIA World Fact Book, the U.S. is ranked as the 42nd most unequal country in the world, with a Gini Coefficient of 45.
So why are Egyptians rioting, while the Americans are complacent?
Well, Americans - until recently - have been some of the wealthiest people in the world, with most having plenty of comforts (and/or entertainment) and more than enough to eat.
But another reason is that - as Dan Ariely of Duke University and Michael I. Norton of Harvard Business School demonstrate - Americans consistently underestimate the amount of inequality in our nation.
As William Alden wrote last September:
Here's the study: