Lucrecia: Difference between revisions

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 Lucrecia's currency, the [[denario]], is one of the few currencies in the world not to have been {{wp|decimal currency|decimalised}}, instead being divided under the ratio of 1:20:12, a rationalisation of ancient pre-decimal currencies. Notes are exclusively issued by the [[National Bank of the Republic]], the nation's {{wp|central bank}}, and coinage are exclusively minted by [[National Mint of the Republic]]. Because of Lucrecia's global connections and key position in global trade, the Denario is one of the strongest currencies in Vallos.
-=== Income, poverty and wealth ===
+===Income, poverty and wealth===
-Although with the 4th highest GDP per capita, Lucrecia continues to have one of the world’s lowest rates of income mobility and the highest rates of wealth inequality, with a Gini coefficient of 48.2. With the exception of healthcare services, a majority of the nation’s welfare programs have gone underfunded in recent years, exacerbating these issues.
+Although with one of the highest GDP per capita in the world, Lucrecia continues to have wealth disparity issues, which have been an issue plaguing the nation since its founding. Although wealth is not tightly concentrated in the hands of high income-earners, wealth has historically been concentrated in one of the two main regions of the nation. Before federalisation, wealth was mostly concentrated in the hands of the Emeritan elites and in the [[Emeritan Republic]]. However, with the advent of federalisation and globalisation, the economic centre of Lucrecia has shifted away from the stagnating and elitist Emeritan Republic and towards the [[Isurian Generality]] due to its more central location and potential for development. This disparity is only going to grow as the Isurian areas of the country continue to grow and develop economically.
-According to the national census, after years of growth, median household income has reached an all-time high, although income inequality has as well. Wealth remains tightly concentrated; with just 10% of the population possessing over 80% of the nation’s household wealth. As maintained by the Central Bank, the top 1% of income earners continue to control 41.2% of the nation’s wealth, with the number growing as Lucrecia continues to develop as a tax haven.
 ====Housing====