Inequality in America: The Data Is Sobering

The good news is that President Obama appears to have decided to devote the rest of his presidency to trying to tackle the forces behind the yawning inequities that have hamstrung social and economic mobility, eroding the living standards of the middle class. The bad news is that he may not be up to the […]

Seniors and Income Inequality: How Things Get Worse With Age

Income inequality has been rising on the political agenda, yet one group has been left out of the discussion: seniors. Older adults are somewhat less likely than working-age adults to be poor by the government’s traditional poverty measure, developed in the 1960s. But this official measure may understate the extent to which seniors live in poverty. […]

How Bad Is the United States at Reducing Income Inequality?

Why does nixing senior citizens from the analysis change the outcome so dramatically? Milanovic and Gornick note that Americans older than 60 are much more likely to have high market earnings compared with their peers overseas. In other words, they don’t retire, possibly because Social Security benefits aren’t exceptionally cushy. The fact that more of […]