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Income inequality

COVID-19

A huge wealth gap makes economic recovery harder for Black Americans

by Mitchell Hartman
Dec 10, 2020
The average white American male under 35 has 224 times the household wealth of the average Black female of the same age, a new study says.
A woman makes grilled cheese with her granddaughter after being laid off from her job early in the pandemic.
Joe Raedle/Getty Images
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Reimagining the Economy

New Rand study quantifies cost of rising U.S. inequality

by David Brancaccio and Daniel Shin
Dec 8, 2020
In the past 40 years, income inequality has cost 90% of workers about $2.5 trillion, the Rand study suggests.
From the mid-1970s on, while the U.S. economy has grown, fewer people have reaped the benefits.
Spencer Platt/Getty Images
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COVID-19

Risk of getting COVID at the grocery store is higher in low-income neighborhoods

by Samantha Fields
Nov 30, 2020
In part because they're more crowded and people stay longer, researchers found.
A bodega worker restocks produce in Brooklyn earlier this year.
Stephanie Keith/Getty Images
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Race and Economy

How promises to fix income inequality have played out after elections

by Nancy Marshall-Genzer
Oct 28, 2020
Income inequality is on the minds of many voters right now, much like in the run-up to the 1968 presidential election.
We know from the Nixon White House tapes that he didn't really believe in wage and price freezes to get roaring inflation under control.
Keystone/Hulton Archive/Getty Images
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COVID-19

Talk to kids about money, and remember, they "eat up honesty"

by Amy Scott and Alli Fam
Sep 7, 2020
Shipra Parikh, a clinical social worker, explains why these conversations should be tailored to each families personal financial situation.
Leo Patrizi/Getty Images
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Race and Economy

An updated Community Reinvestment Act faces criticism

by Nancy Marshall-Genzer
Jun 18, 2020
Activists are concerned that a new rule could weaken banks' partnerships with their communities.
Activists say that big banks will be able to comply with the CRA by funding projects like roads and bridges.
Apu Gomes/AFP via Getty Images
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EEC: Econ 101

Pirates could teach us a thing or two about fair pay

by David Brancaccio and Rose Conlon
Mar 5, 2020
Equality abounded on the open sea.
"Pirate articles," or contracts that stipulated compensation, were sort of like worker cooperatives of their time.
Bruce Miller/AFP/Getty Images
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EEC: Econ 101

Keeping up with the Joneses is expensive

by David Brancaccio and Rose Conlon
Feb 27, 2020
We're working more than we really need to.
The arms race over consumption is what drives people in wealthy countries to work more than they really need to.
Preston C. Mack/Getty Images
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Workplace Culture

New Belgium sale brings end to employee ownership for craft beer maker

by Meghan McCarty Carino
Nov 20, 2019
Only about 6,000 companies in the United States are owned by their workers.
A customer takes a sip of a craft beer n Santa Rosa, California.
Justin Sullivan/Getty Images
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Power shut-offs present unique challenges to low-income Californians

by Ben Bradford
Oct 10, 2019
Power shutoffs aren’t wildfires or earthquakes, but for some they can be a kind of disaster.
A sign in Calistoga, California, calls on PG&E to turn the electricity back on during a statewide blackout in October 2019.
Josh Edelson/AFP via Getty Images
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