Inequality in the U.S. has risen to levels not seen since the 1920s. The top 1 percent pocket more than 20 percent of the nation's income, and the 400 richest people in the country own more wealth ...

It’s what you know that ain’t so.” “The Myth of American Inequality,” by Phil Gramm, Robert Ekelund and John Early, quotes that wisdom, then offers 250 pages of analysis proving it.

The federal government significantly and intentionally misreports income distribution, sparking bad policies and political divisions. That’s the argument former senator Phil Gramm and two other ...

Sen. Bernie Sanders calls the current growth in income inequality “obscene” and “unsustainable.” The official Census measure of income inequality has grown by 22% since World War II.

The lowest 20% of earners (under $29,000 per year) could face a 6.2% income loss due to tariff-driven price hikes, while the top 1% (over $915,000 per year) could lose just 1.7% of their income [24].

Paying the price: Income inequality and coronavirus Income inequality has given the rich a greater share of the economic spoils than middle- and low-income earners. That's resulted in a very real ...

The next 14 years were bad. Income inequality didn’t increase—Americans stagnated together. RGDP growth fell to 2.54%, and inflation skyrocketed to 6.82%.

NEWSLETTER The taming of income inequality Contrary to popular belief, the gap between upper- and lower-income Americans is not wider than ever, but narrower.

The BIS study measured income inequality by the Gini index, a standard metric but one that tends to understate the type of inequality driven by large increases for the top 1 percent.