“Japan is “the most equal major society” in terms of wealth distribution. According to the Statista Research Department, a total of 92% of the Japanese population has anywhere from $10,000 to $1 million in either assets or wealth. On paper, these figures appear to demonstrate an extremely healthy economy; however, they hide the fact that poverty in Japan is well over 16%. The notion that 92% of Japanese citizens fall into some category of “wealthy” may be misleading, serving as a straw-man statistic booster.”
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“Japan is “the most equal major society” in terms of wealth distribution. According to the Statista Research Department, a total of 92% of the Japanese population has anywhere from $10,000 to $1 million in either assets or wealth. On paper, these figures appear to demonstrate an extremely healthy economy; however, they hide the fact that poverty in Japan is well over 16%. The notion that 92% of Japanese citizens fall into some category of “wealthy” may be misleading, serving as a straw-man statistic booster.”
Japan’s poverty rate is 3rd highest in G7.