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Millennials being squeezed out of middle class, says OECD
Thinktank says middle-income group has shrunk across 40 developed countries
casteingTheMiddleClass  wealthGap 
8 days ago by joeybaker
The income gap, growing. A study shows that in recent decades, the number of people living in communities that are at the extreme ends of the income scale has increased three-fold, and more than half of the change is due to increases in income inequality
After more than a century of shrinking, the gap between rich and poor communities has increased dramatically over the past four decades, and Robert Manduca believes a large measure of the change can be chalked up to rising income inequality.
wealthGap 
22 days ago by joeybaker
Counties in the United States with greater gaps between rich and poor have a higher rate of homicide deaths involving firearms, according to a new study. These same counties experienced higher levels of crime and poverty, and lower levels of community soc
Counties in the United States with greater gaps between rich and poor have a higher rate of homicide deaths involving firearms, according to a national study by researchers at the University of Washington School of Public Health. These same counties experienced higher levels of crime and poverty, and lower levels of community social networks.
wealthGap  casteingTheLowerClass 
5 weeks ago by joeybaker
World's 26 richest people own as much as poorest 50%, says Oxfam
Charity calls for 1% wealth tax, saying it would raise enough to educate every child not in school
wealthGap 
12 weeks ago by joeybaker
Canada's richest 87 families have same wealth as 12 million people, report says
Report by Canadian Centre for Policy Alternatives found the net worth of the richest was 4,448 times the average Canadian in 2016
wealthGap 
august 2018 by joeybaker
'Lower status' people more likely to share wealth than 'higher status' people - When playing an economic game those that were assigned as 'lower status' were more likely to share their wealth than their 'higher status' counterparts, according to a new stu
When playing an economic game those that were assigned as ‘lower status’ were more likely to share their wealth than their ‘higher status’ counterparts, according to a new study at Queen Mary University of London.
humanPsycology  kleptocracy  wealthGap 
june 2018 by joeybaker
A recent study finds that young people who get financial support from their parents have greater professional success, highlighting one way social inequality is transmitted from one generation to the next
A recent study finds young people who get financial support from their parents have greater professional success, highlighting one way social inequality is transmitted across generations.
plutocracy  casteingTheMiddleClass  casteingTheLowerClass  wealthGap 
may 2018 by joeybaker
Jimmy Carter: Supreme Court seems eager to see rich people become more powerful
Former President Jimmy Carter says the power wielded by people who give a lot of money to political candidates has resulted in a “vast disparity in income in America” and that that has “resulted in polarization more than any other single factor.” In the second part of a wide-ranging interview, Carter talks with Judy Woodruff about how his own faith, the NRA and allegations against the president.
plutocracy  wealthGap  casteingTheMiddleClass 
march 2018 by joeybaker
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