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Income inequality

Income inequality declined in recent years, according to data

by Mitchell Hartman
Dec 18, 2024
Workers at the bottom 90% had stronger wage growth than the top 1% in the years since the pandemic, according to the Economic Policy Institute.
Yasin Akgul/AFP via Getty Images
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The U.S. economy is on top of the world? Really?

by David Brancaccio , Alex Schroeder and Meredith Garretson
Oct 29, 2024
It doesn't necessarily feel like that to everyone living here. This is why.
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How expensive fast food can explain rising economic equality

by Kai Ryssdal and Sarah Leeson
Jan 17, 2024
Fast food workers' wages are up as much as 30% since 2020. That has had real costs for businesses, but real benefits for society.
In the fast food sector, where many workers in the bottom 10% of the income distribution are employed, wages went up by 5.7% when adjusted for inflation between 2020 and 2022, says Eric Levitz of Vox.
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Lower-income earners' wages have grown faster than others

by Samantha Fields
Mar 8, 2023
A tight labor market has helped low-income workers raise their wages, according to a new working paper.
Many young people without degrees have left jobs in restaurants and hospitality to move to higher paying fields.
Joseph Eid/AFP via Getty Images
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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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Race and Economy

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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