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The new report on wealth inequality comes from the nonpartisan Congressional Budget Office. America's top 10% controls 60% of the wealth. The bottom half holds 6%.
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.
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 ...
America Needs a New Approach on Affordable Housing. ... Read President Joe Biden’s 2024 State of the ... The end result was the exacerbation of housing segregation and economic inequality in ...
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
Inequality has been described both as irrelevant in the face of economic opportunity (or social mobility) in America and as a cause of the decline in that opportunity. [15] [16] Others consider that the exodus of manufacturing jobs from industrialized countries since the 1990s has been another defining factor.
The 2024 election, with its passionate debates and high stakes, has revealed a nuanced shift in the political outlook of Black voters. ... issues such as economic inequality, educational gaps and ...
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).