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Social Capital: Inflation inequality deepens wage losses for America’s poorest

Poor and working-class Americans experience substantially higher inflation rates than the well-to-do, further exacerbating an already obscene wealth gap......»»

Category: topSource: marketwatchNov 8th, 2019

Social Capital: These 5 charts show inequality is bad for your health — even if you are rich

Living in highly unequal economies like the United States is clearly awful for the poorest in society, but new research suggests it also damages the health and well-being of even the wealthiest among us, writes Pedro da Costa......»»

Category: topSource: marketwatchFeb 20th, 2019

How a cascade of job losses left America"s safety net in shreds

In Michigan and New York you can only call on certain days of the week, depending on your last name. In New Jersey, it’s hourly slots based on your social security number. .....»»

Category: topSource: moneycentralApr 9th, 2020

Chained CPI Will Reduce Your Social Security Benefits

There is a war on social security and America is losing the battle. One constant in the fiscal cliff negotiations is the agenda to cut your retirement benefits by a ruse, a lowering of the inflation adjustment. Share.....»»

Category: blogSource: economicpopulistDec 25th, 2019

New study maps America"s stark wage inequality

Since 1980, economists say, wage growth for the highest-paid workers has been roughly triple that for the lowest paid. In some cities, the disparity is wider......»»

Category: topSource: moneycentralDec 4th, 2019

New study maps America"s stark wage inequality

Since 1980, economists say, wage growth for the highest-paid workers has been roughly triple that for the lowest paid. In some cities, the disparity is wider......»»

Category: topSource: moneycentralDec 4th, 2019

In America"s most unequal city, top households rake in $663,000

Atlanta is the capital of U.S. inequality for the second year in a row, according to a Bloomberg analysis of large American cities with a population of at least a quarter-million......»»

Category: topSource: moneycentralNov 21st, 2019

In America"s most unequal city, top households rake in $663,000

Atlanta is the capital of U.S. inequality for the second year in a row, according to a Bloomberg analysis of large American cities with a population of at least a quarter-million......»»

Category: topSource: moneycentralNov 21st, 2019

Income inequality in America is the highest it’s been since Census Bureau started tracking it, data shows

Amid the longest economic expansion in U.S. history, the gap between the country's wealthiest and poorest has never been bigger......»»

Category: topSource: washpostSep 27th, 2019

Income inequality in America is the highest it’s been since census started tracking it, data shows

Amid the longest economic expansion in U.S. history, the gap between the country's wealthiest and poorest has never been bigger......»»

Category: topSource: washpostSep 26th, 2019

Income inequality in America is the highest it’s been since census started tracking it, data shows

Amid the longest economic expansion in U.S. history, the gap between the country's wealthiest and poorest has never been bigger......»»

Category: topSource: washpostSep 26th, 2019

Income inequality in America is the highest it’s been since Census started tracking it, data show

Amid the longest expansion in American history, the gap between the country's wealthiest and poorest has never been bigger......»»

Category: topSource: washpostSep 26th, 2019

Income inequality in America the highest it’s been since Census started tracking it, data show

Amid the longest expansion in American history, the gap between the country's wealthiest and poorest has never been bigger......»»

Category: topSource: washpostSep 26th, 2019

Social Capital: This simple trick could make it a lot harder for corporations to skip out on their tax bill

The U.S. could reduce inequality, rein in abusive tax shelters, and gain some needed revenue if it taxed corporate profits based on the share of sales that occurred in the U.S., writes Pedro da Costa......»»

Category: topSource: marketwatchMay 17th, 2019

Social Capital: Beware of billionaires peddling solutions for extreme inequality

Billionaire Ray Dalio correctly sees problems with capitalism, but his proposed solutions repeat false arguments about the causes of inequality, writes Pedro da Costa......»»

Category: topSource: marketwatchMay 2nd, 2019

Social Capital: The Fed helps reduce inequality by giving jobs to millions of people

Fed policy gets unfairly blamed for exacerbating inequality, but low rates also have allowed millions more to find a job, and have raised wages for tens of millions more, writes Pedro da Costa......»»

Category: topSource: marketwatchApr 11th, 2019

Stock futures cut losses on strong U.S. job growth

U.S. stock index futures pared losses to trade slightly higher on Friday after data showed U.S. job growth increased more than expected in June as manufacturers stepped up hiring, while steady wage gains pointed to moderate inflation pressures......»»

Category: topSource: reutersJul 6th, 2018

US Debt Sales To Surge: Treasury Raises 2018 Borrowing Need To $1.33 Trillion

America's funding needs are starting to grow at a dangerous pace. Even before the NYT reported of Trump's startling suggestion of a further $100 billion tax cut in the form of an inflation-adjusted capital gains tax cost basis which mostly benefits.....»»

Category: blogSource: zerohedgeJul 30th, 2018

In America, wage growth is getting wiped out entirely by inflation

Pay is up 2.7 percent in the past year, while the cost of living is up 2.9 percent, the Labor Department reported Friday......»»

Category: topSource: washpostAug 10th, 2018

As America goes to the polls, what party remembered Trump’s ‘forgotten people’?

Social inequality would be even worse without social safety-net programs, a new study says......»»

Category: topSource: marketwatchNov 6th, 2018

US job losses in May could raise 3-month total to 30 million

The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment .....»»

Category: topSource: chicagotribune21 hr. 44 min. ago