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News & Information

News & Information

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.

September 2, 2014 How to fix wealth inequality

Source: CNN Money

The ability to transfer wealth from one generation to the next is the driving force behind ending intergenerational poverty.

August 28, 2014 Some hidden good news about wealth inequality

Source: Washington Post

The Census Bureau released a report the other day on Americans’ wealth that seemed full of bad news....Buried in the bad news was some astonishing good news: The elderly defied trends and got wealthier.

August 26, 2014 Abandoned landfills polluting UK rivers, research finds

Source: The Guardian

Abandoned landfill sites throughout the UK routinely leach polluting chemicals into rivers, say scientists. At Port Meadow, on the outskirts of Oxford, about 27.5 tonnes of ammonium a year find way from landfill into the River...

August 22, 2014 How the last decade created a brutal wealth divide

Source: CBS MarketWatch

A look at the country's financial health finds many ended 2011 in worse shape than they were in 2000, thanks to a nearly 7 percent decline in median household wealth, or a loss of $5,056, the U.S. Census Bureau reported Thursday....

August 19, 2014 1 pct of Chinese own one-third of national wealth: report

People's Daily Online - BEIJING, July 26 -- About one percent of Chinese households own one-third of the nation's wealth, raising concerns about income inequality in the world's most populous country, according to a study by...

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