Wealth

Today is day four of the tariff battle — some call it war — between the U.S. and China. Whether it’ll cause major economic damage depends who you ask. We step back to assess the Chinese economy in this fragile moment and how its transition from a middle-income country to a rich one is going. Click the audio […]

Philadelphia City Council is expected to vote this week on what some members see as a potential solution to the city’s affordable housing problem — a 1 percent tax that could fund rental construction and help qualifying home buyers make down payments on houses. But the proposal is controversial. Click the audio player above to hear […]

Federal Reserve data show that just 14 percent of U.S. families own stock directly, and only 52 percent have a retirement account. It’s a highly skewed group: White households are far more likely to hold stock than black or Hispanic households, while the vast majority of stock holdings belong to the wealthiest 5 percent. Economists say […]

It’s the dream of many parents that their children will grow up to have more prosperous lives than they did. A new report from the World Bank finds that’s not happening in much of the developing world, where upward mobility has stalled for the past 30 years.  Click the audio player above to hear the […]