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Wealth gap

U.S. households' net worth surged during pandemic, Fed Reserve survey finds

by Nancy Marshall-Genzer
Oct 19, 2023
Net worth increased, even for low-income families. But is this just a temporary improvement in the wealth gap?
Things like pandemic relief checks and extended unemployment helped U.S. households' median net worth soar 37% between 2019 to 2022 after adjusting for inflation.
Scott Olson/Getty Images
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Want to start a business? It helps to have rich parents

by Janet Nguyen
Jan 18, 2023
How heavily are the odds stacked against startups without the “massive leg up” of family wealth?
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Race and Economy

Slavery ended in the 1860s. Why hasn't the wealth gap closed for Black Americans?

by Kimberly Adams and Sean McHenry
Jun 20, 2022
Juneteenth commemorates Black Americans' emancipation from slavery, yet their economic emancipation continues.
Demonstrators marched Friday in Newark, New Jersey, to celebrate Juneteenth and demand reparations for Black Americans. Structural and legal barriers have limited Black people's opportunities to build wealth.
Michael M. Santiago/Getty Images
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Report details widening pandemic-era wealth gap

by Lily Jamali
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
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Race and Economy

Can changing home appraisal language help close the wealth gap?

by Matt Levin
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
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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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Are we headed for a Roaring '20s economy?

by Kai Ryssdal and Maria Hollenhorst
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.
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I've Always Wondered ...

A big number that poses big ethical questions

by Katherine Wiles
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
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Economic Anxiety Index®

Majority of Americans believe economy is rigged

by Samantha Fields
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
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Race and Economy

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

by David Brancaccio , Nova Safo and Alex Schroeder
Sep 23, 2020
The biggest factor is entrepreneurship, where inequities resulted in a $13 trillion loss.
Mario Tama/Getty Images
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