USA & Japan, poorest of the rich countries

[zengrifter]

USA and Japan become the poorest of the richest countries

Front page / World / Americas
20.07.2006 Source: Pravda

The USA and Japan hold the leading positions among the world’s most industrially developed countries in terms of relative poverty. According to the Organization for Economic Cooperation and Development, the percentage of US families whose profit is lower than the average income makes up 13.7. The number of such families in Japan reaches 13.5 percent.

A report from the organization says that the USA and Japan cannot guarantee sufficient income to all citizens despite a high level of economic development. The two countries take the first and the second place respectively on the level of relative poverty. The notion of ‘relative poverty’ defines a part of population receiving less than 50 percent of the average income in a country.

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