The ‘average’ U.S. family is doing just fine, suggests the Federal Reserve’s latest triennial portrait of household wealth. But typical Americans are struggling something awful. Could both be true?
A leading conservative academic is charging that critics of America’s top-heavy distribution of income and wealth are missing the bigger picture. In the process, he’s only fogging that picture up.
A bold new egalitarian take on our modern economy from France joins a powerful rendering of inequality’s toll — on our daily lives — from the UK. Blend the two into our politics and watch plutocracy start shaking.
We always get what we measure. And if we measure inequality with a yardstick that only wonks can decipher, we’ll end up with a society too confused about inequality to do anything meaningful about it. Thanks to Chilean economist Gabriel Palma, we do have an alternative.
At the annual Davos retreat of our global elites, the world’s wealthy wring their hands over the widening inequality they themselves so relentlessly widen.
Butchers, bakers, and candlestick makers. You won’t find any of them on our annual Too Much list of America’s most avaricious. You will find wheelers and dealers and a candy store heiress.
Americans are gaining, ever so slowly, a more accurate picture of just how wide the gap has stretched between the nation’s most fabulously privileged and everyone else.
A tiny tax on global personal wealth over $1 million, newly released global wealth distribution data show, could ensure that no child anywhere on the planet has to live in extreme poverty.
The exceedingly comfortable who sit in America’s richest 1 percent have nearly fully regained the outsized share of the nation’s income they held just before the economy cratered five years ago.
Private wealth management groups continue to survey the holdings of the world’s rich. The millionaire share of world wealth, the latest data show, has jumped 14 percent since the global economic crisis began in 2007.