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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%.
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.
The book says that after transfers and taxes “the average household in the bottom, second, and middle quintiles all have roughly the same incomes—despite dramatic differences in work effort.” [2] It was written by Phil Gramm, Robert Ekelund, and John Early; was named a Wall Street Journal Best Book of 2022; [citation needed] and won the ...
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 ...
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 ...
Wages are also determined by the "market price of a skill" at that current time. Although gender inequality is a separate social issue, it plays a role in economic inequality. According to the U.S. Census Report, in America the median full-time salary for women is 77 percent of that for men.
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 ...
The photographic work of LaToya Ruby Frazier includes both images of personal spaces, intensely private moments and the story of racial and economic injustice in America. Her work includes raw portraits of friends and family members in intimate moments and examples of social injustice.