Bump in U.S. Incomes Doesn’t Erase 50 Years of Pain

Incomes are up. Poverty is down. And job openings have hit a record high. But if the economy is so wonderful, why are so many Americans still feeling left behind? The disconnect between positive statistics and people’s day-to-day lives is one of the great economic and social puzzles of recent years. It helped fuel President Trump’s political […]

On Health and Welfare, Moral Arguments Can Outweigh Economics

When Representative Mo Brooks said it was unfair that healthy “people who lead good lives” should have to subsidize the insurance of unhealthier ones who presumably don’t, he bluntly raised an often unspoken question that runs through policy debates in Washington: Who deserves government aid and who does not? Such proposals can be — and often are […]

Inequality crisis: Blacks and Latinos on the road to zero wealth

What would U.S. society be like if a majority of families had no wealth — no savings, no home equity, no investments of any kind? That is exactly where the country is headed if we continue on our path toward economic dystopia for African-American and Latino families. While we celebrate a modest reduction in poverty rates and […]


America is heading toward “a racial and economic apartheid state.” As the country becomes more diverse, today’s wealth gaps between whites and non-whites are poised to grow unless government policies helping people build personal wealth are reformed. That is the takeaway from a dramatic new report, “The Road to Zero Wealth,” co-authored by the Institute for Policy […]