On paper, it looks like Scott Larsen is doing better than his father was at the same age. But he’s not even close. The chances of him buying a home are very slim. The system currently extracts all the borrowing potential from the millennials through student loans that could have gone towards … Continue reading Many millennials are worse off than their parents — a first in American history
The statistics keep on rising, but they don’t track the well-being of most Americans. The unemployment figures don’t give an accurate picture either. People are not better off. Source: Opinion | Why You Shouldn’t Believe Those G.D.P. Numbers – The New York Times Continue reading Opinion | Why You Shouldn’t Believe Those G.D.P. Numbers – The New York Times
According to new research, the average American’s life expectancy has once again gone down, despite the nation’s billion-dollar health care system. And the cause appears to be the worsening inequality. Source: US life expectancy has declined for the third year in a row – Business Insider Continue reading US life expectancy has declined for the third year in a row – Business Insider
“The bottom half of Americans combined have a negative net worth,” Bloomberg’s Ben Steverman wrote based on research of economists Emmanuel Saez and Gabriel Zucman. That’s NEGATIVE net worth for the bottom … Continue reading One brutal sentence captures what a disaster money in America is
A new study finds that partisanship matters more than the influence of the wealthy The rich get what they want from their senators about 60% of the time, research shows. Source: Is … Continue reading Is Congress rigged in favour of the rich?
The long read: The economic arguments adopted by Britain and the US in the 1980s led to vastly increased inequality – and gave the false impression that this outcome was not only … Continue reading ‘Socialism for the rich’: the evils of bad economics
These days, the average American has to deal with a lot. The news is full of strife and controversy, jobs are plentiful but frequently don’t pay, and we all live on a … Continue reading Study suggests Americans stop eating out, getting drinks, enjoying life in any meaningful way
“The 400 richest Americans — the top 0.00025 percent of the population — have tripled their share of the nation’s wealth since the early 1980s, according to a new working paper on … Continue reading Wealth concentration returning to ‘levels last seen during the Roaring Twenties,’ according to new research
Charity calls for 1% wealth tax, saying it would raise enough to educate every child not in school This kind of inequality is a threat to the very existence of democracy due … Continue reading World’s 26 richest people own as much as poorest 50%, says Oxfam | The Guardian
While many of us work to create a better world, it’s worthwhile to consider other countries where masses of people succeeded in nonviolently bringing about a high degree of democracy and economic justice. … Continue reading How Swedes and Norwegians Broke the Power of the ‘1 Percent’
Strengthening them could blunt inequality and wage stagnation. Economists are starting to suspect that unions were a better deal than textbooks made them out to be. Source: Unions Did Great Things for … Continue reading Unions Did Great Things for the Working Class | Bloomberg
In the lead-up to his Australian visit, the renowned economist warns of the triple threat of rising inequality, the undermining of democracy and climate change The growing gap between the rich and … Continue reading Joseph Stiglitz: ‘America should be a warning to other countries’ | Inequality
