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How the perception of one’s income ranking affects views of fairness and much more.
Economists say the Ultra-Millionaire Tax Act could raise $3 trillion in 10 years.
Fed watcher Karen Petrou believes so, and she says the Fed can fight inequality with targeted policies.
Student loan debt, high housing prices and career setbacks from the Great Recession hurt millennials’ ability to build wealth.
And efforts from central banks and governments have in some cases exacerbated it.
A McKinsey report points to accelerating inequality in the U.S. and elsewhere.
A psychology experiment using a rigged Monopoly game reveals how inequality replicates itself.
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.
In the past 40 years, income inequality has cost 90% of workers about $2.5 trillion, the Rand study suggests.
OECD chief economist Laurence Boone says governments must double down on providing support to avoid “scarring effects.”