This tag is associated with 3 posts

Madison Ave. Declares ‘Mass Affluence’ Over

The American middle class, concludes a new study from the ad industry’s top trade journal, has essentially become irrelevant. In a deeply unequal America, if you don’t make $200,000, you don’t matter.

Pondering Our Most Puzzling Inequality Stat

Families in the nation’s top 1 percent are grabbing a rising share of the nation’s income. So why do newly released Federal Reserve numbers show no jump in their share of the nation’s wealth?

Congress Grills, Gently, America’s Hedge Fund Titans

Lawmakers do seem to understand the unfairness of an economy that lets hedge funds managers pocket billions of dollars. But they still haven’t recognized that economy’s dangerous foolishness.