The next step is to decompose the wealth inequality into two metrics: inequality within an age-band, and inequality due to different life stages. In Equalland, the former is zero, so all inequality is due to the latter.
So, when you hear that the top 20% have X% of the wealth, keep in mind that the bar isn't 20%. A better bar is the 64% from Equalland.
So, when you hear that the top 20% have X% of the wealth, keep in mind that the bar isn't 20%. A better bar is the 64% from Equalland.