Inequality

The Myth of Class Reductionism

Ever since Bernie Sanders’s insurgent run for the Democratic presidential nomination in 2016, a specter has haunted left-liberal debate: the specter of “class reductionism.” Left-identitarians and centrist liberals have used this oversimplified charge not merely to dismiss Sanders but also to cast suspicion on the broad array of universally redistributive policies associated with him and […]

How Bad is Global Inequality, Really?

Most everyone who’s interested in global inequality has come across the famous elephant graph, originally developed by Branko Milanovic and Christoph Lakner using World Bank data. The graph charts the change in income that the world’s population have experienced over time, from the very poorest to the richest 1%. The elephant graph has been used […]

Financial Asset Inequality and Its Implications for Retirement Security

A new research brief finds that financial asset inequality among Americans continues to increase, and the inequality is consistent across generations. This wealth inequality, combined with dangerously low retirement savings among most households, poses a significant threat to retirement for working Americans. The new analysis indicates that from 2004 to 2016, the share of financial […]

Red and Blue Voters Live in Different Economies

In the aftermath of the 2016 presidential election, scholars, journalists and ordinary citizens battled over whether economic anxiety or racial and cultural animus were crucial to the outcome. Soon a consensus formed, however, among most — though not all — political analysts, in support of the view that attitudes about race, immigration, sexism and authoritarianism […]

Government Reports on Aging, Inequality Tell Us What We Already Know

A report by the Government Accountability Office (GAO), commissioned by Senator Bernie Sanders, is as disheartening as it is unsurprising: Aging and retirement are much harder on the poor and the vanishing middle class than on the rich. Even Social Security, because of its structure, contributes to income and wealth inequality among seniors. Another report, […]