According to an analysis by Dr. Kathryn Wilson, associate professor of economics at Kent State University and colleagues, the United States has the highest level of income inequality among all rich nations. For example, low-income households, or those at the 10th percentile of the income distribution, spend approximately $8,900 per year per child, while high-income families, or those at the 90th percentile, spend $50,000 per child.
“People like to think of America as the land of opportunities,” says Wilson. “The irony is that our country actually has less social mobility and more inequality than most developed countries.”