![]() The vast majority of this accumulated wealth is held by as little as seventeen major dynasties and groups, among which fourteen are eminent families who can trace their riches to either the immediate postwar era or even further back to the late nineteenth century. Contrary to its egalitarian branding, Sweden’s political economy is instead characterized by concentrated wealth within a small number of influential families and prestigious industrial groups. 4 Sweden ranks exceptionally high even among the other Nordic countries Norway is the second highest at just 78.5. (85), China (70.4), India (82.3), and just slightly less than Russia (87.8), the latter of which in particular is sometimes characterized as a rapacious oligarchy. In 2021, Sweden measured 87.2 on the wealth inequality index, 3 higher than the U.S. ![]() 2 But while Swedish social democracy has led to limited income inequality, concentration of wealth is extreme. Family Life 10 Ways to Make Money as a Stay at Home Mom (That Aren't MLMS) Family Finances 11 Side Hustles Perfect for Stay-At-Home Moms and Dads. Family Finances Help After-School Programs and Child Care Cost Too Much. From juggling work and family life to making a will, our experts give tips and advice to help you make the best choices for. The United States, for comparison, was at 41.5, China at 38.2, and Russia at 35.3. Raising kids is expensive Get some quick tips on smarter family finances and saving money for college. For reference, Slovakia had the lowest measured income inequality at 23.2, while South Africa had the highest at 63.0. According to the World Bank, Sweden had a Gini coefficient of 29.3 in 2019, one of the lowest in the world. This reputation has been validated by metrics like the Gini coefficient, which quantifies the level of income inequality in a country, and where Sweden ranks very well. Sweden has cultivated a reputation of being an economically egalitarian “moral superpower,” 1 emphasizing the country’s progressive credentials on immigration policy, income equality, and a generous welfare state. ![]() Pew has worked to ensure that financial products many Americans use every day, including checking accounts and credit. Nevertheless, many contain hidden risks that can increase debt, drain savings, and damage credit. Jacob Wallenberg, chairman of the board of Investor AB, in 2016. Financial products and services are crucial in helping millions of Americans spend, save, borrow, and invest.
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