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Rich-Poor Divide Worst Among Rich Countries

A homeless man in central London sits next to a Gucci shopping bag. The gap between rich and poor has grown in most developed countries over the past 20 years resulting in an increase in child poverty, the OECD - an organisation of 30 leading economies - has said in a report. (AFP/File/Carl de Souza)

WASHINGTON - The "American Dream" of upward social mobility appears to have emigrated from its birthplace in the United States to northern Europe, according to a major new report by the Organization for Economic Cooperation and Development (OECD) on the growth of economic equality over the past 20 years.

Posted in inequality, poverty