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).
With 41% of global wealth in the hands of less than 1%, elites and citizens agree inequality is a top priority
People with a net worth of more than $1 million represent just 0.7% of the global population, but they have 41% of the world’s wealth. Meanwhile, those with a net worth of less than $10,000 represent 69% of the population, but just 3% of global wealth.
Inequality, joblessness are top threats in 2015, World Economic Forum experts say
Growing economic inequality, increasing joblessness, global pollution and severe weather events are among the world’s most pressing threats experts say.
Debate over inequality highlights sharp partisan divisions on the issue
Federal Reserve chief Janet Yellen addressed the issue of inequality in a speech last week, an issue on which there is a sharp partisan divide.
Middle Easterners See Religious and Ethnic Hatred as Top Global Threat
People across the globe see the threat of religious and ethnic violence as a growing threat to the world’s future, with concern especially strong in the Middle East.
Chart of the Week: How America’s poor can still be rich in stuff
While most manufactured goods are considerably cheaper than they were three decades ago, many key services are much more expensive — contributing to the paradox of greater material abundance among even poor Americans.
Americans agree inequality has grown, but don’t agree on why
Two-thirds of Americans say the gap between the rich and everyone else has increased, but when asked why they cite dozens of different reasons.
Chart of the Week: U.S. middle class no longer the world’s richest
A New York Times chart illustrates disparities in income growth between the U.S. and other advanced economies.
U.S. Catholics mirror general public on views of inequality
Both Pope Francis and President Obama have highlighted the issue of income inequality. U.S. Catholics support government action on the issue, but not necessarily more than the general public.
New academic study links rising income inequality to ‘assortative mating’
The income gap between couples with relatively high and those with relatively low levels of education had widened substantially since 1960, according to a new study.