The US economy’s deep systemic inequalities of income, wealth, power, and opportunity are part of global inequality trends, but US-style capitalism and public policy make these inequalities more acute. Their observable and felt harm to our civic and economic life is corroborated by research from many disciplines, suggesting that a move toward a more egalitarian […]
Share of wealth held by the bottom 90% by country
– Real-World Economics Review Blog
The retirement crisis is bad for everyone — especially these people
The country is facing a retirement crisis, but some Americans are worse off than others. Workers in the top 20% of earnings distributions have half of all retirement wealth in both 1992 and 2010, compared with the bottom group, which saw its share fall from 3% to 1% between those years, a recent analysis at […]
Americans over 55 suddenly losing jobs at fastest pace in 4 years
While hiring in the U.S. rebounded in March, baby boomers who are still in the work force are not doing so great. Employment for people aged 55 and over dropped 209,000 last month, the biggest monthly decline since February 2015 when 251,000 jobs were cut for the age group, according to data from Bureau of Labor […]
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