Morning Must-Read: Stefan Wagstyle: Income Inequality–Americans Are Unique

Stefan Wagstyl: Europe pessimistic on income equality as Americans cling to dream: “Most Europeans think their societies are far less equal…

…than they are, while Americans are unusual in believing that their country is somewhat more equal than it really is…. Judith Niehues is due to present her findings this week at Germany’s Lindau economic conference…. People in Europe underestimate the proportion of middle-income earners and overestimate the proportion of the poor…. Only the US has a more unequal income distribution than its citizens imagined…