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The top 10% of wealthy Americans now control 60% of the nation’s wealth, while the poorer half of the country holds only 6%, according to a report from the Congressional Budget Office.
Straightforward data on earnings clearly shows a huge rise in inequality of pay in the US economy, write Elise Gould and Josh Bivens. Opinion: Why a new study gives a misleading view of inequality ...
Dividend payouts to shareholders by companies in the S&P 500 reached a new record in 2023, and that number is projected to grow in 2024, according to data from the CME Group.
Although some spoke out in favor of moderate inequality as a form of incentive, [296] [297] others warned against excessive levels of inequality, including Robert J. Shiller, (who called rising economic inequality "the most important problem that we are facing now today"), [298] former Federal Reserve Board chairman Alan Greenspan, ("This is ...
A 2022 study in the American Economic Journal found that greater economic inequality in the United States than in Europe was not because of the nature of tax and transfer systems in the United States. The study found that the U.S. redistributes a greater share of its wealth to the bottom half of the income distribution than any European country.
For much of the past decade, policymakers and analysts have decried America's incredibly low savings rate, noting that U.S. households save a fraction of the money of the rest of the world.
The book has an introduction, a conclusion, and seven main chapters: each dedicated to one great thinker and their thoughts on inequality. In the Introduction, Williams cites the findings of Thomas Piketty and his associates to state that after an anomalous short period after World War II, economic inequality has been rising for the last five decades (pp. 1–2).
New Orleans has the highest income inequality of major U.S. cities. While the highest earners make 7.8 times as much as the lowest earners in New Orleans, they still earn lower than average ...