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News & Information

News & Information

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 Class

Source: 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 gap

Source: 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 before

Source: 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’ conditions

Source: 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 Finds

Source: 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 recession

Source: 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...

September 15, 2014 US Wealth Gap Putting the Squeeze on State Revenue

Source: ABC News

Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by...

September 5, 2014 Median incomes fall for all but the rich

Source: HeraldNet

WASHINGTON — The richest 10 percent of Americans were the only group whose median incomes rose in the past three years, the Federal Reserve said Thursday in a report on consumer finances.

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