America’s wealth gap between middle-income and upper-income families is widest on record
The gap between America’s upper-income and middle-income families has reached its highest level on record. In 2013, the median wealth of the nation’s upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500).
Wealth inequality has widened along racial, ethnic lines since end of Great Recession
The median wealth of white households was 13 times the wealth of black households and 10 times that of Hispanic households in 2013, compared with eight and nine times, respectively, in 2010.
6 facts about Japan’s downbeat economy
The world’s third largest economy faces long-term challenges, including pessimistic forecasts from the Japanese public, the hollowing out of Japan’s working-age population and the nation’s exorbitant public debt.
When it comes to happiness, money matters
The different direction of economic fortunes since the Great Recession has had a major impact on life satisfaction in countries around the world.
56% of Americans Believe They Are ‘Falling Behind’ Financially
Public views of the job market have improved modestly, but overall economic optimism remains limited. Many say their incomes are falling behind the cost of living and 45% have experienced a serious financial hardship.
For Labor Day, a look at the state of underemployment
Although the official unemployment rate was down to 6.2% in July, many economists and other analysts have concluded that that measure doesn’t fully capture what’s happened to the U.S. economy since the Great Recession officially ended in the summer of 2009.
Birth rate for unmarried women declining for first time in decades
For the first time in decades, the non-marital birth rate in the U.S. has been declining. It’s likely that the decline occurred as a result of the economic recession of 2007-2009.
Chart of the Week: The Great Baby Recession
States that were hit the hardest by the Great Recession experienced the biggest birthrate declines.
Wage gap between high and low earners rising most among Hispanics
The earnings gap in the nation’s workforce has widened in recent years as the pay of high-wage workers has risen and the pay of low-wage workers has fallen, but Hispanics may be feeling the impact more acutely than others.
Five years in, recovery still underwhelms compared with previous ones
The current economic recovery, which hit the five-year mark this month, has underperformed other recent expansions that have lasted at least as long.