6 key takeaways about the world’s emerging middle class
During the first decade of this century, the world experienced a dramatic drop in the number of people living in poverty and a significant rise in the number who could be considered middle income, but the majority of the global population remains low income.
Car, bike or motorcycle? Depends on where you live
In asking people in 44 countries which of these they owned, we found notable differences between economically advanced nations, emerging markets and developing countries.
Are Americans ready for Obama’s ‘middle class’ populism?
Trends in public opinion are in line with Obama’s agenda: The priority given to deficit reduction has slipped somewhat, while public support for rebuilding the nation’s infrastructure has increased.
America’s ‘middle’ holds its ground after the Great Recession
The share of Americans who live in middle-income households has held steady since 2010 – a flat trend that might actually be good news.
Inequality is at top of the agenda as global elites gather in Davos
Income inequality will be a key topic of discussion for economic leaders meeting in Davos. Pew Research Center surveys also have shown that income inequality is a global cause for concern.
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).
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.
Global Views on Opportunity and Inequality
Publics in advanced economies are pessimistic about the financial prospects for the next generation, while emerging and developing nations are more optimistic.
The nation’s wealth recovers, but largely for those at the top
The nation’s aggregate wealth continues to show signs of recovery, but that wealth recovery has been concentrated on the wealthiest Americans. Meanwhile, the aggregate net worth for America’s economic middle is actually declining.
Chart of the Week: The black-white gap in incarceration rates
Black men in their prime working years, especially those without a high school education, are much more likely to be in jail than white men are.