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New inequality index launched to compare income groups

May 31, 2021
The Morning Consult-Axios data suggests that inequality is inching up as low-income people run out of relief money.
Lower-income households are starting to worry about losing eviction protections and unemployment benefits.
prempapan via Getty Images

College, though out of reach for many, seems key to financial stability

May 18, 2021
A Federal Reserve study shows the widening economic gap between those with a college degree and those without one.
Graduating helps. About three-quarters of the job losses during the pandemic occurred among people who lack bachelor’s degrees, according to an employment researcher.
Dan Kitwood/Getty Images

A huge wealth gap makes economic recovery harder for Black Americans

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

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

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

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

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

How promises to fix income inequality have played out after elections

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

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

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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An updated Community Reinvestment Act faces criticism

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
"Pirate articles," or contracts that stipulated compensation, were sort of like worker cooperatives of their time.
Bruce Miller/AFP/Getty Images

Keeping up with the Joneses is expensive

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