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Inequality

COVID-19

Pandemic exacerbated inequality worldwide, Amnesty International says

by Samantha Fields
Apr 7, 2021
In many countries, those working in low-wage jobs or in the gig economy were left out of government relief packages.
It’s the same story in much of the world: The people who make the least have been hit the hardest by the pandemic.
Brad Barket/Getty Images for Action/2015
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Reimagining the Economy

Research suggests we're misperceiving the inequality around us

by David Brancaccio and Daniel Shin
Mar 25, 2021
How the perception of one’s income ranking affects views of fairness and much more.
Recent research suggests people's perceptions of their own economic status, as well as the status of people in their social or work circles, aren't as accurate as they might think.
Timothy A. Clary/AFP via Getty Images
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Sen. Elizabeth Warren on her new wealth tax bill and how to enforce it

by David Brancaccio and Rose Conlon
Mar 12, 2021
Economists say the Ultra-Millionaire Tax Act could raise $3 trillion in 10 years.
"This going to be good for our economy," Warren, D-Mass., said of the wealth tax legislation she introduced last week.
Chip Somodevilla/Getty Images
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Did the Federal Reserve make economic inequality worse?

by David Brancaccio and Daniel Shin
Mar 3, 2021
Fed watcher Karen Petrou believes so, and she says the Fed can fight inequality with targeted policies.
Karen Petrou, author of "Engine of Inequality," laments that investors win and savers lose. "Every time the Fed steps into the market, the markets go up. The markets run by the Fed's clock," she says.
Chip Somodevilla/Getty Images
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Millennials continue to lag behind in home ownership rates

by Meghan McCarty Carino
Feb 23, 2021
Student loan debt, high housing prices and career setbacks from the Great Recession hurt millennials' ability to build wealth.
Millennials are held back from homeownership from economic setbacks like student loan debt and the Great Recession. Above, a house under contract in Washington, D.C., in November.
Saul Loeb/AFP via Getty Images
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COVID-19

The pandemic-induced economic inequality gap is widening

by Victoria Craig
Jan 25, 2021
And efforts from central banks and governments have in some cases exacerbated it.
Fast-rising wages during the pandemic are an anomaly. While most higher-paid professionals were able to work from home, millions of lower-paid service workers lost jobs and income.
Filmstudio via Getty Images
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EEC: Documentary Studies

Two-thirds of people in advanced economies are poorer than their parents

by David Brancaccio and Rose Conlon
Jan 20, 2021
A McKinsey report points to accelerating inequality in the U.S. and elsewhere.
"We found that two-thirds of people living in the advanced economies had seen their incomes stagnate in the decade between 2005 and 2015," says James Manyika, chairman and director of the McKinsey Global Institute.
Joe Raedle/Getty Images
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EEC: Documentary Studies

Why rich people tend to think they deserve their money

by David Brancaccio and Rose Conlon
Jan 19, 2021
A psychology experiment using a rigged Monopoly game reveals how inequality replicates itself.
A psychology experiment using a rigged Monopoly game reveals how inequality replicates itself.
Alex Wong/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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