Don King

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American Experience

Surviving the Dust Bowl | Article<p>The Great Depression<p>During the economic boom of the Roaring Twenties, the traditional values of rural America were …

Great Depression

Income inequality is going to hit tomorrow's retirees hard

One of the mysteries of personal finance has been the disconnect between the income inequality afflicting the working public and the claims by fiscal conservatives that most people's retirement lifestyles will be perfectly comfortable.<p>A recent post on the Squared Away blog of Boston College's …

Retirement

The Price Isn't Quite Right

When I pull up to a gas station in my neighborhood in Florida and note the price for premium, it often irks me when I realize that I’d seen a lower price while driving past a station in another town a little further south. It doesn’t seem fair. I’ve always felt that I’m being gouged, and that …

McDonald's

Racial Wedge Politics Invented In Colonial America

If your high school education was anything like mine, you'll be as surprised as I was to learn that there was no "white race" in our country until …

U.S. Bishops: “unconscionable” tax bill raises taxes on the poor to pay for cuts for the wealthy

Catholic bishops say the G.O.P.-backed tax reform plan is “unconscionable” and “unacceptable,” pointing to “fundamental structural flaws” that they …

For many older Americans, the rat race is over. But the inequality isn’t.

While the rat race ends with retirement, one of its principal features extends well past a person's last day of work.<p>Income inequality in the United States spills over from the job into the last decades of life, according to a new survey that ranks the differences among U.S. retirees as among the …

Income Inequality

AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession

The shift from traditional manufacturing to computer-enabled industry took nearly a century. But the shift from personal computing to billions of …

The Billionaire Battle Plan to Destroy Unions

It's national politics that get the headlines, but corporations are making the most headway on their anti-worker agenda by buying state legislatures. …

Middle-class

Under Trump's New Budget, If You Don't Work, You Don’t Eat: Republicans Are Kicking People Off Food Stamps

UPDATE: The budget resolution passed by the House on Thursday will push millions of already struggling people off food stamps, leaving the neediest …

We all have our own ways of dealing with the insecurity of poverty. For my father, food was a point of pride<p>I’d been dreading this moment, and cursed the person who’d designed food stamps. Why couldn’t they be green like real money?<p>As my dad opened his leather wallet and unfurled the purple and …

Time I

Welfare Programs Could Be the Next Target of a Donald Trump Executive Order

The Trump administration is looking to make big changes to the country’s welfare system, and as part of that process, administration officials are …

Trump’s New Budget Threatens to Kick Millions Off Food Stamps

Although Donald Trump ran as a champion of the poor and working class (and many whites in those socioeconomic groups voted for him), the only thing …

Ten years on from the financial crisis that scarred the global economy, not much has changed

If a week is a long time in politics, a decade is a lifetime in the financial markets. Given the scale of the backlash against the banking industry …

The harsh truth about economic inequality, based on thousands of years of evidence

Income inequality has always been with us. Ever since humans started farming, some have done better than others. The pattern holds from the Stone Age …

Having a richer discussion about inequality

Inequality may well be the issue of our time. But is it inequality of income we care about or inequality of opportunity? And what is opportunity — …

Income Inequality

Record Middle Class Income Not Such Good News After All

The Census Bureau announced this week that real median household income rose to a record high in 2016 — but some labor market observers aren’t ready to cheer the increase.<p>Median income went up for two years in a row, rising 3.2 percent between 2015 and 2016, and the number of Americans living in …

Why income inequality among white collar workers is growing

Zitto & Guarda/Flickr<p>By John Pavlus, Kellogg School of Management<p><i>This article was based on the research of Luis Garicano and Thomas N. Hubbard.</i><p>Rising …

2016: The year that the volcano of inequality exploded

This was the year that the “left behinds” of the Western world struck back.<p>Or, at least, that’s the lesson that politicians, economists and …

Income Inequality

21 Slow Cooker Recipes That'll Inspire You To Pull Out The Crock Pot

Comfort food at its easiest.<p>People who own a slow cooker know that this kitchen appliance is truly great. No other appliance can cook you dinner while you’re at work, and reward you with the sweet smell of a delicious meal when you walk through the door.<p>And that’s not all. This appliance is also a …

There's a huge difference between being rich at 25 and 35 — and it puts income inequality in stark relief

The top 1% of earners at 35 make $291,000.<p>This data, which comes from the US Census and American Community Survey, is telling when you compare each income to national averages. For 25-year-olds, the median income is $31,000. For 35-year-olds, it's $45,000. And for all adults, the median is …

Median Wealth Of Black And Latino Families Could Hit Zero By The Middle Of The Century

Income inequality has been getting worse, which suggests that the wealthiest, typically meaning Whites, are getting wealthier. According to a new study, the imbalance will shift so far that median Black and Latino households will lose the little relative wealth they have by about the time people of …

Demographics

Rich Americans Are Changing What It Means to Be Average

To get a clearer picture of income inequality across U.S. households, consider adjusting your choice of statistical measures.<p>On the surface, Census …

We have a political problem no one wants to talk about: very old politicians

In one of the most dramatic moments in the Senate in years, 80-year-old John McCain rallied from surgery and a diagnosis of brain cancer to cast a 1 am vote that torpedoed Republican efforts to repeal Obamacare — for now. The vote had been put on hold once already, to give him time to …

How income inequality benefits everybody

Every day the Chinese go to work, Americans get a raise: Chinese workers, many earning each day about what Americans spend on a Starbucks latte, produce apparel, appliances and other stuff cheaply, thereby enlarging Americans’ disposable income. Americans similarly get a raise when they shop at the …

Even More Evidence the US Is a Kleptocracy, Not a Meritocracy

Inequality is much worse than we're led to believe by a dismissive business media. The numbers are hellish, and they're growing.<p>"Inequality is not a …

After Slashing Medicaid, The GOP Is Now Arguing Over How Much To Cut Food Stamps

After taking a meat ax to Medicaid – a program that more than 70 million American rely on – in their most recent version of health care legislation, …

Republicans

Tech titans may be the solution to underemployment

Earlier this month during his commencement speech at Harvard, Facebook’s Mark Zuckerberg — one of the college’s most famous non-graduates and among …

Silicon Valley

Why Wawa won’t let food stamp recipients buy a sandwich on toasted bread

It’s a standard sign at many convenience and grocery stores around the country, usually posted near the prepared food line and aimed at customers paying by Electronic Benefits Transfer, the debit card for food stamps.<p>But when an economics professor posted a photo of the sign at a Pennsylvania Wawa …