Major Causes: Unemployment, Low Wages, and Disproportionate Rewards for the Few
The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.
Franklin Roosevelt’s Second Inaugural Address, January 1937.
Basic family budget calculator, Eco. Policy Institute
A ‘Forgotten History’ Of How The U.S. Government Segregated America, Gross, NPR 5/17
The Rich Are Living Longer and Taking More From Taxpayers, Steverman,Bloomberg 4/17
America is Regressing into a Developing Nation for Most People, Parramore, INET 4/17
The Big Reason Whites Are Richer Than Blacks in America Inheritance matters a lot more than previously thought Coy, Bloomberg 2/17
Income share for the bottom 50% of Americans is ‘collapsing,’ new Piketty research finds, Goldstein 2/17, Marketwatch Increased health care spending on the elderly consumes most of the [income] gains. The effects of government assistance vary widely with age, especially within the lower half of incomes. Younger adults between 20 and 45 years old have seen their after-tax incomes flatline. But over the same period, seniors in the bottom half have seen their after-tax incomes grow by over 70 percent. The bulk of that gain represents increased health care spending through Medicare. Piketty et al, NYTimes 12/16
Explaining inequality:Is technological progress behind growing income inequality? Darvas, Bruegel 12/16
Striking new research on inequality: ‘Whatever you thought, it’s worse’ Swanson, Wash. P.
Neoliberal epidemics: How inequality makes us sick, Schrecker, SHP 8/16
“Inequality made the Great Recession worse (especially for the poor),” Mitman et al, VoxEu 8/16 [see their table on share of income spent by wealth quintile]
Invisible Inequality: The Two Americas of Military Sacrifice, 8/16
The Ever Growing Gap: Without Change, African-A & Latino Families Won’t Match White Wealth for Centuries 8/16
Why inequality is worse for your wallet than a weak economy, Review of Blivens, Tankersley, Wash. Post, 6/16
A Guide to Statistics on Historical Trends in Income Inequality [rev.], 7/15/15 Stone et al, CBPP
Mr. Moneybags Gets More Out of Social Security, Irwin, NYT 4/16