Despite recovery, fewer Americans identify as middle class
Today about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%).
Household wealth has yet to recover
Until the housing market and home equity levels fully recover, the typical American household still has a ways to go.
Black incomes are up, but wealth isn’t
Although household-income growth for African-Americans has outpaced that of whites since the 1960s, those gains haven’t led to any narrowing of the wealth gap between the races.
Are blacks as financially well off as whites? Depends on whom you ask
Despite large and persistent gaps between blacks and whites on virtually every indicator of economic well-being, about half of all whites say the average black person is about as well off financially or doing better than the average white person, according to a survey released last week by the Pew Research Center.
Chart of the Week: Keeping track of the world’s richest people
If you’ve ever woken up wondering “Is Bill Gates or Carlos Slim the world’s richest person today?”, Bloomberg’s new visualization of data on the 100 richest billionaires is for you.
Impact of Digital Tools on Student Writing
A majority of Advanced Placement and National Writing Project teachers say digital tools encourage students to be more invested in their writing and make teaching writing easier, but also worry that they are having some undesirable effects.
Economic recovery favors the more-affluent who own stocks
While the stock market has been surging, there is a big gap who who benefits that has implications for the strength of the economic recovery.
An Uneven Wealth Recovery in the U.S.
During the first two years of the nation’s economic recovery, wealth inequality increased as aggregate wealth rose for the wealthiest 7% of households, but fell for the bottom 93%.
Young Adults Shed Debt After Recession
Young adults have shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars and paring credit card balances.
More Americans Worry about Financing Retirement
Despite a slowly improving economy, about four-in-ten adults (38%) say they are not confident that they will have enough income and assets for their retirement, up from 25% at the end of the Great Recession in 2009.