#wealth-gap

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#income-inequality

Income inequality was put on 'steroids' thanks to the pandemic, says ex-Goldman Sachs chief investment strategist

The pandemic has widened income and racial wealth disparities in America, despite general wealth increases.

People in This Town Make $496,000 More Than the Average Joe

The wealth gap between the richest towns and the average household income in the U.S. is substantial.

Sanders Unveils Bill to Tax Corporations Whose CEOs Are Paid Over 50 Times Median Worker Pay

The Tax Excessive CEO Pay Act aims to address the wealth gap by increasing corporate tax rates for companies with high CEO-to-worker pay ratios.
The bill would require companies to make their CEO-to-worker pay ratios public and implement measures to ensure compliance.

Income inequality was put on 'steroids' thanks to the pandemic, says ex-Goldman Sachs chief investment strategist

The pandemic has widened income and racial wealth disparities in America, despite general wealth increases.

People in This Town Make $496,000 More Than the Average Joe

The wealth gap between the richest towns and the average household income in the U.S. is substantial.

Sanders Unveils Bill to Tax Corporations Whose CEOs Are Paid Over 50 Times Median Worker Pay

The Tax Excessive CEO Pay Act aims to address the wealth gap by increasing corporate tax rates for companies with high CEO-to-worker pay ratios.
The bill would require companies to make their CEO-to-worker pay ratios public and implement measures to ensure compliance.
moreincome-inequality

The Brandt Line gave us the Global North and South. It needs an update.

The Brandt Line illustrates the economic divide between the Global North and the Global South, sparking ongoing conversations about economic aid and development.

The typical baby boomer is facing at a $900k "hole" in their retirement savings

The cost of a comfortable retirement is increasing dramatically, affecting preparedness across generations.

Fannie Mae CEO warns of 'confidence gap' limiting women's homeownership-and its implications

Women homeownership reflects financial agency and impacts broader economic growth, despite facing obstacles like the confidence gap in mortgage processes.
#billionaires

These Are the Richest Black Billionaires in the United States

The wealth gap in America remains stark, particularly along racial lines, but African American entrepreneurship is on the rise.

Why bashing billionaires won't solve the inequality crisis

Government intervention in the economy may have unintended consequences, ultimately enabling the wealth gap and billionaire class growth.

So far it's a grand decade for billionaires, says new report. As for the masses ...

Billionaires' wealth has grown three times the rate of inflation since 2020
Oxfam report highlights the growing wealth inequality and its impact on billions of people

So far it's a grand decade for billionaires, says new report. As for the masses ...

Billionaires' wealth has grown three times the rate of inflation since 2020
Oxfam report highlights the growing wealth inequality and its impact on billions of people

These Are the Richest Black Billionaires in the United States

The wealth gap in America remains stark, particularly along racial lines, but African American entrepreneurship is on the rise.

Why bashing billionaires won't solve the inequality crisis

Government intervention in the economy may have unintended consequences, ultimately enabling the wealth gap and billionaire class growth.

So far it's a grand decade for billionaires, says new report. As for the masses ...

Billionaires' wealth has grown three times the rate of inflation since 2020
Oxfam report highlights the growing wealth inequality and its impact on billions of people

So far it's a grand decade for billionaires, says new report. As for the masses ...

Billionaires' wealth has grown three times the rate of inflation since 2020
Oxfam report highlights the growing wealth inequality and its impact on billions of people
morebillionaires

Canada is getting poorer when compared to its wealthy peers, data shows | CBC News

Canada's wealth is declining relative to peers like Australia and the UK, prompting urgent economic reform measures.

How do you feel about the economy? It depends on whether you own stocks.

Stock ownership significantly influences economic sentiment among Americans, with owners feeling notably more positive about the economy than non-owners.

California moves toward helping undocumented immigrants with down payments in home loan program

Gov. Newsom will decide on undocumented immigrants' eligibility for a California home loan program amid funding and access challenges.
#financial-literacy

Fifteen cents on the dollar is the one statistic about America's racial wealth gap that says it all

The definition of wealth is often misunderstood, blending assets with income and intangible benefits, but should clearly be viewed as ownership minus debt.

A Plan to Help Harlem Students Build Wealth: Start Them Off With $10,000

A nonprofit in NYC is launching a savings program, Wealth Builds, giving $10,000 to students in Harlem to address the racial wealth gap.

Financial Literacy Is the Civil Rights Issue of This Generation

Financial literacy is the civil rights issue of this generation
Proper financial education is a tool for empowerment and social justice

Fifteen cents on the dollar is the one statistic about America's racial wealth gap that says it all

The definition of wealth is often misunderstood, blending assets with income and intangible benefits, but should clearly be viewed as ownership minus debt.

A Plan to Help Harlem Students Build Wealth: Start Them Off With $10,000

A nonprofit in NYC is launching a savings program, Wealth Builds, giving $10,000 to students in Harlem to address the racial wealth gap.

Financial Literacy Is the Civil Rights Issue of This Generation

Financial literacy is the civil rights issue of this generation
Proper financial education is a tool for empowerment and social justice
morefinancial-literacy

How AI creates fair lending

Financial inequality due to housing crisis and biased mortgage processes exacerbates wealth gap.
#southern-california

Cash Buyers Ratchet Up SoCal Home Prices to Record Highs

Home prices in Southern California have hit an all-time high due to wealthy buyers unaffected by high mortgage rates.

All-cash offers, wealthy buyers push Southern California home prices to a record

Southern California home prices hit record high in March 2022, despite high mortgage rates.
A combination of low inventory, wealth gap, and cash buyers contributes to the unaffordable housing market.

Cash Buyers Ratchet Up SoCal Home Prices to Record Highs

Home prices in Southern California have hit an all-time high due to wealthy buyers unaffected by high mortgage rates.

All-cash offers, wealthy buyers push Southern California home prices to a record

Southern California home prices hit record high in March 2022, despite high mortgage rates.
A combination of low inventory, wealth gap, and cash buyers contributes to the unaffordable housing market.
moresouthern-california

Do women spend more than men? - Marketplace

2023 was the 'Year of the Girl,' women are becoming prominent influencers in the economy, marketing is shifting towards female-centric niches.

Violent crime is rising in Washington, D.C. But the city is blatantly ignoring the root cause

Inequality is linked to violence
Focus on preventative measures over reactionary policies

Black women still facing economic barriers

Nearly 31% of Black women working full-time have a side hustle, only half have retirement savings, 49% own homes, 58% support extended family financially.
Black women face systemic barriers to generational wealth, including high student debt compared to the general U.S. adult population.
Goldman's initiative aims to impact 1 million Black women with $10 billion in investment capital and $100 million in philanthropic capital.

So far it's a grand decade for billionaires, says new report. As for the masses ...

Billionaires' wealth has grown three times the rate of inflation since 2020
Oxfam report highlights the growing wealth inequality and its impact on billions of people

Factchecking Biden's promises kept'

Biden made misleading statements in his campaign speech, including falsely claiming promises kept on wealth gap, marijuana law, and lead pipes removal.

Rich People Are Sharing The "Normal" Things That Happened During Their Childhood That Will Make You Say, "Wait, WHAT"

Realization of extreme wealth gap through unique childhood experiences.

Ancient graves reveal taxes' sharp bite nearly 3,000 years ago

The Assyrian Empire saw a widening wealth gap as it expanded.
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