Nigeria has been in the press lately as a poster child for inequality as the income gap between the wealthy and the poor is, by some measures, widening. The World Bank estimates that 86 million Nigerians, almost half the population, live in extreme poverty.
Another way to think about inequality is to look at differences in asset ownership: do the poor possess assets that are associated with middle and upper-class standards of living?
We compared a decade’s worth of asset ownership data from household surveys and discovered an unexpected finding: ownership of scooters and motorcycles across different socioeconomic classes have converged.
Read more here.