The chart below provides the actual wealth distibution for a country with economic disparaties worthy of a banana republic. The estimated wealth distribution is what a representative sample of the people in the country think is the wealth distribution within their country. The ideal wealth distribution is what the same people think would be an ideal distribution for wealth within their country.
Guess which country they are talking about. Hint: It’s not in Latin America.
The fourth and fifth percentiles are too small to register on the “Actual” line. Each percentile represents 20% of the population within the country. The fourth percentile represents 0.2% and the fifth percentile represent 0.1% of the wealth within the country.
Source: a report by Michael Norton of the Harvard Business School and Dan Ariely of Duke University.