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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].
Deaton reports that when he shifted to the United States from England, he was struck by how little attention was paid by ...
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A History of Income Inequality in the United States - MSNAfter 1923, income inequality began to rise again, reaching a new peak in 1928—just before the crash that would usher in the Great Depression—with the richest 1% possessing 21.3% of all income.
The president has pitched his trade policies at workers who feel left behind by globalization. But that doesn’t mean trade ...
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Smithsonian Magazine on MSNThis Man Kept a Meticulous List of All 3,599 Books He’d Read Since 1962. When He Died, His Family Published It OnlineHe started keeping track of everything he read using a pen and paper. By the time Pelzer died on July 1 at age 92, he had ...
Six decades of civil-rights efforts haven’t budged it, and the usual prescriptions—including reparations—offer no lasting ...
The Gilded Age was a period of enormous wealth for some and extreme poverty for others.
Everyone knows that inequality has gotten out of hand in the United States. Thanks largely to the work of three now-famous economists—Thomas Piketty, Emmanuel Saez, and Gabriel Zucman—it’s ...
For each state, we reviewed data on all cities, towns, and unincorporated communities with populations of 55,000 or more, and ranked them on income inequality, as reflected in the Gini coefficient.
Key Points Wealth inequality destroys societies and entire countries and is severely damaging to the health and well-being of the poor for generations. Baby Boomers inherited a stronger economy ...
Cory Booker talks health care, combating hate, gun control with voters The Democratic presidential candidate sat down with three undecided voters from the Northeast for "Around the Table," an ABC ...
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