Michael I. Norton, professor at Harvard Business School, and Dan Ariely, professor at Duke University, have written an article entitled, "Building a Better America - One Wealth Quintile at a Time." In it they explain a study they conducted on the preferences for wealth distribution in a country. Specifically, they find that Americans in general prefer a wealth distribution chart that is relatively even balanced. Moreover, the study finds that Americans dramatically underestimate the wealth distribution imbalace that currently exists in the country.
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Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.