A new study sheds rare light on attitudes to wealth and inequality among the UK’s top 1% – and reveals that even when you’re rich, you can still feel disadvantaged by ‘vast income inequality’
Even members of Britain’s highest-paid 1% don’t feel particularly well-off, according to a new study by the London School of Economics – because of comparisons they make with the 0.1% super-rich with whom they rub shoulders.
“Due to the vast absolute difference among the 1%, top income earners experience ‘relative disadvantage’,” the report, A Relational Analysis of Top Incomes and Wealth, states. “They are disadvantaged compared to others at the top, while being aware of their advantage compared to the general population.”
May 04, 2017 at 01:59PM
from Rupert Neate
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