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Stories Tagged as

Income inequality

Is income inequality the reason why interest rates have been low?

by David Brancaccio , Chris Farrell and Daniel Shin
Sep 16, 2021
Wealthy people and their savings are driving down interest rates, a recent paper suggests. Marketplace contributor Chris Farrell explains it.
A recent paper by economists suggest income inequality is the reason why interest rates have been low for decades. Above, a 2011 news report shows the Federal Reserve decided to keep interest rates near zero until 2013.
Photo by Mario Tama/Getty Images
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What will it take to get more Black and Latinx workers in manufacturing jobs?

by Mitchell Hartman
Aug 26, 2021
Manufacturers complain they can't find skilled workers, even as they face a wave of retirements of older white men.
Nieves Longordo, president and owner of Diseños Ornamental Iron in Detroit's Mexicantown, said she's concerned about finding and recruiting younger talent for her shop.
Photo courtesy of Nieves Longordo
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New inequality index launched to compare income groups

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

by Meghan McCarty Carino
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
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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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