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News & Information
News & Information
October 30, 2014 Small tax on billionaire boom could slow rising inequality - OxfamSource: Reuters
A small tax on billionaires, whose number has doubled in recent years, would raise enough to ensure an education for every child in the world and slow the rise in inequality, a report published on Wednesday said
October 29, 2014 The rich also worry about the wealth gapSource: CBS News
Two-thirds of millionaires are concerned about the level of economic inequality in America, according to a survey from PNC Wealth Management. The issue has increasingly set off alarm bells among economists and many in the middle...
October 24, 2014 Income Inequality Got You Down? Do Something About It!Source: Huff Post
The wealthy continue to see significant income and wealth gains while the majority of people are experiencing stagnant living standards. Income inequality is one of the most significant financial stories right now, and there's no...
October 23, 2014 The Fed’s (Not So) New Role: Champion of the Working ClassSource: The Fiscal Times
Last week, Federal Reserve Chair Janet Yellen publicly picked up the income inequality banner that President Obama’s administration has largely dropped in the face of multiple global crises, including the situation in Ukraine,...
October 1, 2014 Education spending by affluent is widening wealth gapSource: SF Gate
Wealthier parents have been stepping up education spending so aggressively that they’re widening the nation’s wealth gap. When the Great Recession struck in late 2007 and squeezed most family budgets, the top 10 percent of...
September 30, 2014 Forbes: World’s biggest billionaires have more billions than ever beforeSource: Washington Post
The price of entry to The Forbes 400 this year is $1.55 billion, the highest it’s been since Forbes started tracking American wealth in 1982. Last year it took $1.3 billion to score a spot. Because the bar is so high, 113 U.S....
September 24, 2014 Age, not gender, leads new income gap
labour-reporter.com - According to a report â The Bucks Stop Here â released today by îthe Conference Boardî of Canada, income inequality between ... older workers that could threaten future economic...
September 19, 2014 Yellen says poor Americans live in ‘sobering’ conditionsSource: MarketWatch
WASHINGTON— The condition of lower-income families in America is “sobering” even as the economy recovers, Federal Reserve Chairwoman Janet Yellen said Thursday. “We have come far from the worst moments of the crisis and the...
September 18, 2014 Gap Between Manhattan’s Rich and Poor Is Greatest in U.S., Census FindsSource: NY Times
Manhattan is becoming an island of extremes. The mean income of the top 5 percent of households in Manhattan soared 9 percent in 2013 over 2012, giving Manhattan the biggest dollar income gap of any county in the country,...
September 17, 2014 Poverty in U.S. falls for first time since before recessionSource: News Telegram
The U.S. poverty rate eased to 14.5 percent in 2013 from 15 percent in the prior year, the first decline since 2006, the year before the last recession began, according to Census Bureau data released Tuesday. The decrease came as...
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