Report details widening pandemic-era wealth gap

Jan 17, 2022
In its report, Oxfam proposes a wealth tax on a perpetually growing list of billionaires.
The gulf between wealth and poverty has gotten much wider during the pandemic, according to an Oxfam report.
hyejin kang via Getty Images

Can changing home appraisal language help close the wealth gap?

Jul 27, 2021
Descriptions in appraisal reports can create racial bias and reduce the selling price of a home. Fannie Mae is trying to clamp down on tha
Fannie Mae issued new guidance to appraisers to avoid terms it labeled racially problematic, like “crime-ridden” and “integrated community."
Karen Bleier/AFP via Getty Images

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

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

Are we headed for a Roaring '20s economy?

Apr 16, 2021
We check in with three economic historians on what to expect in the post-pandemic era.
The economy is fundamentally different today than it was 100 years ago, but there are some parallels.
Puttnam /Topical Press Agency/Getty Images

A big number that poses big ethical questions

Apr 15, 2021
Grasping big numbers is a hard thing for humans to do, and that has implications for how we think about billionaires.
Jeff Bezos, seen in 2019, is currently worth $177 billion.
Saul Loeb/AFP via Getty Images

Majority of Americans believe economy is rigged

Oct 16, 2020
More than 80% of Black Americans and nearly 70% of women say the economy is rigged in favor of certain groups. Experts say they're right.
Protesters in Los Angeles in May 2020.
Apu Gomes/AFP via Getty Images

U.S. suffered $16 trillion loss over 20 years due to racism new Citigroup study finds

The biggest factor is entrepreneurship, where inequities resulted in a $13 trillion loss.
Mario Tama/Getty Images

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Wall Street record high belies widening gap between investor haves and have-nots

Aug 24, 2020
Who actually benefits when Wall Street hits a record?
The New York Stock Exchange in May. Stock wealth has become concentrated among fewer people in recent decades.
Johannes Eisele/AFP via Getty Images

Homeowners had amassed record equity as crisis began

Jul 6, 2020
Housing wealth and other protections advantage owners over renters.
A neighborhood in San Francisco. Home values have only kept rising as buyers compete for a limited supply of houses.
Justin Sullivan/Getty Images

The wealth gap widens

Sep 26, 2019
A lot of it comes down to taxation, the stock market and the country's demographic makeup.
Income inequality is rising even though the economy is in its longest period of growth.
Joe Raedle/Newsmakers