National Poverty in America Awareness Month: January 2023
The Current Population Survey Annual Social and Economic Supplement reports the official poverty rate in 2021 was 11.6%, not statistically different from 2020.
Consumption and Income Inequality in the United States since the 1960s | Journal of Political Economy: Vol 131, No 2
Recent research concludes that the rise in consumption inequality mirrors, or even exceeds, the rise in income inequality. We revisit this finding, constructing improved measures of consumption, focusing on its well-measured components that are reported at a high and stable rate relative to national accounts. While overall income inequality rose over the past 5 decades, the rise in overall consumption inequality was small. The declining quality of income data likely contributes to these differences for the bottom of the distribution. Asset price changes likely account for some of the differences in recent years for the top of the distribution.
CNBC Marathon explores why American workers’ budgets feel so stretched.The middle class was once a symbol of the American dream. It meant financial security ...
What the American Founders Meant by Equality | Dan Sanchez
Egalitarians today invoke “equality” to deny any variation in qualities among individuals, or in the resulting qualitative tendencies among sets of similar individuals. They condemn any acknowledgment of differences in aptitude, ability, character, and accomplishment as an affront to equality.
But this is far removed from the kind of equality that the authors of the Declaration of Independence were referring to.
The U.S. Inequality Debate | Council on Foreign Relations
Public policy experts call income and wealth inequality one of the defining challenges of this century. Recent crises have accelerated these divisions, and the COVID-19 pandemic has deepened them fur…