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News & Information

News & Information

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...

August 13, 2014 Record income gap fuels US housing weakness

Source: FT.com

The income gap between America’s richest and poorest metropolitan regions has reached its widest on record, shaping an uneven housing recovery that threatens to hold back the broader revival of the world’s largest economy.

August 11, 2014 S&P: Wealth gap slowing US recovery

Source: Fort Wayne.com

WASHINGTON – Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the recession. Now, an analysis by the rating agency Standard & Poor's lends its weight to the argument: The widening gap...

August 5, 2014 Rating agency S&P finds wealth gap is contributing to a slower US recovery

Source: Fox News

WASHINGTON – Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession. Now, an analysis by the rating agency Standard & Poor's lends its weight to the argument: The widening...

August 4, 2014 Not So Golden: Wealth Gap Lasting Into Retirement

Source: ABC News

With traditional pensions becoming rarer in the private sector, and lower-paid workers less likely to have access to an employer-provided retirement plan, there is a growing gulf in the retirement savings of the wealthy and...

July 30, 2014 Sage Foundation: Wealth "Inequality" Will Continue to Worsen

Source: Tge New American

In another so-called research study about wealth inequality, the liberal think-tank Sage Foundation said in June that while the super-rich have fully recovered from the Great Recession, the vast majority of Americans have not....

July 23, 2014 USA: the wealth gap widens

Source: Public Finance International

The gulf between rich and poor is widening in the USA, with inherited wealth concentrated in ever fewer hands. Tax measures are needed to help redress the balance. In a new Pew opinion poll, more than three quarters of...

July 15, 2014 Top 1 Percent Is Even Richer Than Surveys Say, ECB Paper Finds

Source: Bloomberg

The oft-cited line that the top 1 percent of U.S. households lay claim to 30 percent of all wealth is probably an understatement, according to a European Central Bank working paper. Incorporating “missed” data on rich households...

July 2, 2014 Wealth gap solutions put Californians at odds

Source: SF Gate

California residents don't need to be convinced there's a worrisome income gap between the rich and poor that's getting wider, but there's plenty of argument about whether the government should get involved in trying to close the...

June 27, 2014 Wealth inequality doubles among US households: Study

Source: Press TV

Wealth inequality among US households roughly doubled between 2003 and 2013, according to a new analysis by University of Michigan researchers

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