Inflation inequality: Poorest Americans are hit hardest by soaring prices on necessities
The rising cost of groceries and gas is fueling the fastest increase in consumer prices in 40 years and widening the inflation gap between the rich and poor.
The share of household wealth owned by billionaires has risen by a record amount during the pandemic, with millionaires also coming out of COVID-19 ahead, a study found on Tuesday.
The wealthiest 10% of Americans own a record 89% of all U.S. stocks
The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
Explained | Why Women Are Paid Less | FULL EPISODE | Netflix
In partnership with Vox Media Studios and Vox, this enlightening explainer series will take viewers deep inside a wide range of culturally relevant topics, q...
Explained | Racial Wealth Gap | FULL EPISODE | Netflix
In partnership with Vox Media Studios and Vox, this enlightening explainer series will take viewers deep inside a wide range of culturally relevant topics, q...
Trillions of Dollars of Retirement Wealth Have Been Mislaid - Econlib
And once they are accounted for, measured wealth inequality plummets. One reason that the illiquid and non-market resources of DB [defined benefit] pensions and Social Security are typically excluded from studies of wealth concentration is that they are not directly available in household-level survey data. Our work addresses this issue by taking data from the …
Forbes’ 35th Annual World’s Billionaires List: Facts And Figures 2021
Despite the pandemic, it was a record-setting year for the world’s wealthiest- with a $5 trillion surge in wealth and an unprecedented number of new billionaires.
McDonald's sets diversity targets, seeks gender parity by 2030
By 2025, the company aims to have at least 35% of its senior-director and higher leadership roles be held by people from historically underrepresented groups.
Americans say it takes an average net worth of $2.27 million to be considered "wealthy." Here's how much money U.S. families actually have at every age.
Research [in] Brief: Housing Vouchers and Opportunity Neighborhoods
When children grow up in high-poverty neighborhoods, commonly a legacy of residential segregation by race, they are less likely to thrive as adults. One way to improve their future success is by helping their families move to neighborhoods with less poverty and more resources. But voucher programs alone won’t help.
EconEdLink - The Economics of Racial Discrimination | Lesson Demo
This video is a classroom demonstration of Lesson 35: The Economics of Racial Discrimination from CEE's Understanding Economics in U.S. History publication. In this lesson the students examine Jim Crow segregation laws and discuss the costs of racial segregation. They examine an economic mystery about segregation, using the Guide to Economic Reasoning. Finally, they read and discuss an essay about Homer Plessy and Rosa Parks. During the late 1800s and throughout the first half of the twentieth century, racial segregation was enforced throughout the South by legislation and by informal codes...
As Detroiters take to the streets, economic inequality comes into focus
Detroit boiled over this week as protesters took to the streets for mostly nonviolent demonstrations against police brutality. But the cries of racism extend long past policing policies in a city where recent health crises and economic recovery then fallout have been uneven. Black Detroiters…
Study: Education, occupation major factors in racial income gap - Grand Rapids Business Journal
A pair of economics professors did a deep dive into the racial wealth gap in the U.S. during the past 40 years, and the findings are not encouraging, especially for Black workers in Michigan.
Study: Wage gap widens between Black, white workers, especially in Michigan | Bridge Michigan
Both races make less than they did 40 years ago when adjusted for inflation. But wages for Black workers have declined more since the 1970s, in part because of a loss of manufacturing and widening