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, Second Inaugural Address, January 1937.
Basic family budget calculator, Eco. Policy Institute
Economic Hardship Reporting Project, Changing the Story of Inequality
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