A new report shows that the income gap between rich and poor in America is at an eight-decade high — the largest differential since the period immediately preceding the Great Depression. And economists fear that the education and job-creation programs that could bridge this gap are lacking in the More…
The gap between the wealth possessed by white and black families grew more than four times larger between 1984 and 2007 — and federal policy is only exacerbating the trend, according to a study released today by researchers at Brandeis University’s Institute on Assets and Social Policy.
Not to be confused More…
Economic realities like the widening wealth gap and growing income inequality aren’t terribly popular topics on Capitol Hill, where most lawmakers still prefer to spout claims that merit and hard work – not family wealth and connections — are the surest dictators of success in More…
A new report from the Insight Center for Community Economic Development highlights one big reason that just addressing wage gaps — be they gender- or race-based — won’t necessarily change the disproportionate number of African-Americans who find themselves mired in generational poverty: the wealth gap. Measured as assets More…
As Washington policymakers screamed bloody murder last month over bonus payments for a few hundred AIG employees, another much larger scandal flew virtually unnoticed on Capitol Hill: The divide between the wealth of blacks and whites — already gaping — grew again. Now, as Congress prepares to consider a series More…
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