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News & Information
News & Information
December 18, 2014 America's Wealth Gap at Record LevelSource: Bloomberg
The rich get richer. Everybody else, not so much. The gap between the rich and every other income group in America has reached a record level, data from the Federal Reserve shows
December 5, 2014 Minimum wage fight hits the streets of 190 U.S. cities ThursdaySource: Reuters
U.S. fast-food workers and supporters marched for higher pay in Chicago, Milwaukee and Boston on Thursday as demonstrations advocating for a $15 minimum wage and other labor rights in about 190 cities began around the United...
November 25, 2014 Hedge Funds Lose Money for Everyone, Not Just the RichSource: Bloomberg
When Douglas Kobak was an adviser at a large brokerage firm, he suggested his wealthiest clients buy a hedge fund promising to be "a very conservative alternative to bonds." Then the credit crisis hit in 2008, the fund imploded...
November 18, 2014 Extreme Wealth Is Bad for Everyone—Especially the WealthySource: New Republic
When I was fourteen I met a man with a talent for restoring a sense of fairness to a society with vast and growing inequalities in wealth. His name was Jack Kenney and he’d created a tennis camp, called Tamarack, in the mountains...
November 12, 2014 Silent Generation Wins Life Lottery as Richest U.S. Age GroupSource: Bloomberg
The median net worth for the oldest Americans has climbed to near the top compared with other age groups from near the bottom just two decades ago, based on the Federal Reserve’s Survey of Consumer Finances. This shift in buying...
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...
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