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Stories Tagged as

Inequality

EEC: Documentary Studies

Two-thirds of people in advanced economies are poorer than their parents

by David Brancaccio and Rose Conlon
Jan 20, 2021
A McKinsey report points to accelerating inequality in the U.S. and elsewhere.
"We found that two-thirds of people living in the advanced economies had seen their incomes stagnate in the decade between 2005 and 2015," says James Manyika, chairman and director of the McKinsey Global Institute.
Joe Raedle/Getty Images
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EEC: Documentary Studies

Why rich people tend to think they deserve their money

by David Brancaccio and Rose Conlon
Jan 19, 2021
A psychology experiment using a rigged Monopoly game reveals how inequality replicates itself.
A psychology experiment using a rigged Monopoly game reveals how inequality replicates itself.
Alex Wong/Getty Images
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COVID-19

A huge wealth gap makes economic recovery harder for Black Americans

by Mitchell Hartman
Dec 10, 2020
The average white American male under 35 has 224 times the household wealth of the average Black female of the same age, a new study says.
A woman makes grilled cheese with her granddaughter after being laid off from her job early in the pandemic.
Joe Raedle/Getty Images
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Reimagining the Economy

New Rand study quantifies cost of rising U.S. inequality

by David Brancaccio and Daniel Shin
Dec 8, 2020
In the past 40 years, income inequality has cost 90% of workers about $2.5 trillion, the Rand study suggests.
From the mid-1970s on, while the U.S. economy has grown, fewer people have reaped the benefits.
Spencer Platt/Getty Images
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COVID-19

Even with a vaccine, global economic recovery will be starkly uneven — OECD

by Victoria Craig
Dec 1, 2020
OECD chief economist Laurence Boone says governments must double down on providing support to avoid "scarring effects."
OECD chief economist Laurence Boone says children whose schooling has been affected by COVID-19 are among those likely to be "scarred" long-term.
Johannes Eisele/AFP via Getty Images
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How low interest rates could make inequality worse

by David Brancaccio , Rose Conlon and Erika Soderstrom
Sep 1, 2020
Low interest rates hurt our ability to save.
Karen Petrou, managing partner at Federal Financial Analytics, says there's "nothing" in the Federal Reserve's new policy for "shared prosperity."
Daniel Slim/AFP via Getty Images
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Reimagining the Economy

Chicago Mayor Lori Lightfoot on rebuilding trust between the city and its people

by David Brancaccio , Meredith Garretson and Daniel Shin
Aug 17, 2020
Lightfoot wants to "unwind" Chicago's "addiction to fines and fees" so as to not drive people into bankruptcy and out of the economy.
Scott Olson/Getty Images
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Specials

The Economy Reimagined, Part 1: Dealing with Inequality

by David Brancaccio and Kimberly Adams
Aug 7, 2020
Amid the wreckage of 2020, are there opportunities to fix what was already broken, including the system of human relationships we call the economy?
Pictured: Hundreds of people wait in line for hours at a downtown Brooklyn office for their EBT Food Stamp cards on May 12, 2020 in New York City.
Spencer Platt/Getty Images
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Race and Economy

Thousands of workers are walking off the job to "Strike for Black Lives"

by Nova Safo
Jul 20, 2020
Among the demands are better treatment of employees of color, a $15 minimum wage and more personal protective equipment.
Organizers say the pandemic has worsened socioeconomic inequalities, and they want corporations and politicians to do more to address the problem.
Logan Cyrus/AFP via Getty Images
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Race and Economy

Netflix will deposit $100 million in Black-owned banks

by Justin Ho
Jun 30, 2020
The move should help the banks make more loans in communities of color. But deposits are just one way to help the institutions.
Netflix is trying a couple of different things to hold on to its subscriber base.
Olivier Douliery/AFP via Getty Images
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