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News & Information
News & Information
Source: International Business Times
In 2012, the median household income was $51,017, just a smidgen higher than it was in 2011, and 6 percent lower than in 2007, according to recently released poverty and income data from the U.S. Bureau of Labor Statistics.
December 5, 2013 Income inequality is riskier than you thinkSource: MSNBC
President Obama decried “the relentless, decades-long trend” of “a dangerous and growing inequality and lack of upward mobility” in a speech Wednesday, calling it “the defining challenge of our time.” Even as he spoke, fast-food...
December 3, 2013 Wealth Inequality in the US Is Much Worse Than People Think; Thin Line Between Lower-Middle Class and PoorSource: Christian Post
Wealth inequality in the United States is much worse than people think. There is a thin line between the collective earnings of the lower-middle class and poor, while the gap between them and the ridiculously rich is a shocking...
November 26, 2013 The Fed Is Widening the Income Gap…and That’s a Good Thing - See more at: http://www.thefiscaltimes.com/Articles/2013/11/24/Fed-Widening-Income-Gap-and-s-Good-Thing#sthash.a5DbJKeN.dpufSource: Fiscal Times
At her confirmation hearing before the Senate Banking Committee this month, Janet Yellen faced questions from senators on both sides of the aisle about whether the central bank’s monetary stimulus is an “elitist,” “trickle down”...
November 18, 2013 It's Economic Inequality Stupid -- What to Do About the Biggest Crisis Facing AmericaSource: Huff Post
In 1992, the Clinton for President campaign is said to have had a poster on the wall of its war room that read: It's the Economy Stupid. The object of the slogan was to keep the campaign on task. Its goal was to make sure that...
November 13, 2013 Study aimed at billionaires shows doubled wealth since 2009
examiner.com - Well this kind of stings a little. Since the financial crisis there is one distinct group of people who have actually done pretty well. On Nov. 12, UPI reports that since 2009, the collective wealth of billionaires...
November 12, 2013 Social Inequality and the Concentration of Global Wealth: Never have so Few Owned so Much
Global Research - Feeling angry about being betrayed by a corrupt government owned by rich and corporate elites has driven the Occupy Wall Street movement. Emphasizing how the top one percent has prospered incredibly while the...
November 11, 2013 Cities With The Widest Wealth Gaps: 24/7 Wall St.Source: Huff Post
The American middle class is shrinking. According to a report released earlier this year, an estimated 51% of the population was in the middle class at the start of the decade, down from 61% forty years earlier. It also appears...
November 6, 2013 Cities with the widest gap between rich and poorSource: USA Today
According to a report released earlier this year, an estimated 51% of the population was in the middle class at the start of the decade, down from 61% 40 years earlier.
November 5, 2013 What is income inequality, anyway?Source: CNN
President Obama called it "the defining issue of our time" in his 2012 State of the Union, but he did so without ever uttering the phrase "income inequality." Perhaps that's because income inequality is one of those alliterative...
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