The presented line graph compares the income percentage gained by the top 1% in picked developed countries.
In general, over the period, there was an increase in all seven countries, while Germany and Italy showed up after 1975. Moreover, it is remarkable that the German one-percenters were far wealthier than the others at the beginning, similar to the United States at the end of the timeline.
Regarding the most affluent people in the European countries, France and Italy shared the equivalent figure. French proportion reached the peak of nearly 10% in 2008, following by Italy with roughly 9%. Next, the Italian percentage got a slight reduction then vanished before 2010, while that of France plummeted to 7%, recovered to its peak, decreased moderately and ceased in around 2013. Meanwhile, the German figure oscillated constantly until it hit the highest point in 2009 and fell substantially at the end. On the contrary, that of the UK soared to over 15% and prevailed consistency before nosediving to approximately 13% and fluctuating.
On the one hand, the wealthiest individuals in other continents got two of the lowest share of income. As for the North American countries, namely Canada and the US, they both oscillated although Canadian statistics finally witnessed a tremendous slide to roughly 13% while that of the US, conversely, leaped to around 18%, the highest percentage in this graph. On the other hand, the Japanese figure commenced with the lowest proportion, seesawed until 1992, then uplifted significantly and lastly fluctuated since 1992