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You are here: Home / Archives for Links of Interest / Welfare, Inequality, and Poverty / Wealth

October 14, 2019

Double tipping points in 2019: When the world became mostly rich and largely old

When it comes to economic development, positive change is typically gradual and only noticeable over long periods of time; by contrast negative developments—economic crises—are often rapid and spectacular. This creates a biased narrative that focuses on negative news, while positive trends go unnoticed because they are less dramatic. Two questions are central to each human […]

Filed Under: Wealth

September 25, 2019

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 […]

Filed Under: Inequality, Poverty, Wealth

September 16, 2019

The US Welfare State Cut Poverty by Two-Thirds in 2018

The Census released its 2018 poverty report last week, which showed no change in the poverty rate from the prior year. What follows is a novel rundown of the state of poverty and welfare in the US based on my own calculations of the report’s underlying data. When you want to determine how much poverty […]

Filed Under: Poverty, Wealth

August 8, 2019

Companies Use Borrowed Billions to Buy Back Stock, Not to Invest

When the Federal Reserve cuts interest rates, making it cheaper to borrow, it’s supposed to deliver a direct boost to the economy. But one key part of that machinery has broken down. Business investment used to rise when U.S. companies took on more debt—because most companies borrowed to add capacity. Nowadays, they’re likelier to funnel […]

Filed Under: Wealth

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Crisis in Puerto Rico for the Elderly

Hurricane Maria devastated Puerto Rico on September 20th and the residents of the island remain in great need of assistance.  Almost 3 months later the elderly receiving long term care assistance or in need of such care are among the most vulnerable in the wake of the disaster. Over 16% of Puerto Rico's population are elderly, 40% of them live at or below the poverty level. A high percentage

Overdoses, bedsores, broken bones: What happened when a private-equity firm sought to care for society’s most vulnerable

Public Long-term care programs, including medicaid funded programs, are increasingly being administered by for profit corporate health firms and funded through financial companies, especially private

The Older Americans Act of 1965

The Older Americans Act has provided essential community services for older people for over 40 years.  The program capacity, however, to meet the needs of older people for services like Meals on

U.S. Pays Billions for ‘Assisted Living,’ but What Does it Get?

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