Asian Spectator

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Why inequality is growing in the US and around the world

  • Written by Fatema Z. Sumar, Executive Director of the Center for International Development, Harvard Kennedy School
Why inequality is growing in the US and around the worldElon Musk is the world's wealthiest person. Dimitrios Kambouris/Getty Images for The Met Museum/Vogue

U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022.

That might sound surprising, since the most accurate measure of the poverty rate declined during the same time span.

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