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Pandemic exacerbated inequality worldwide, Amnesty International says

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

Research suggests we're misperceiving the inequality around us

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

Sen. Elizabeth Warren on her new wealth tax bill and how to enforce it

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

Did the Federal Reserve make economic inequality worse?

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.
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Millennials continue to lag behind in home ownership rates

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

The pandemic-induced economic inequality gap is widening

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

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

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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Why rich people tend to think they deserve their money

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

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