diane bell mckoy

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Massive Credit Card Debt Threatens the African American Middle Class

WASHINGTON – Middleclass Blacks are using credit to help cover their basic living expenses, according to a report from the NAACP and public policy …

Just how wide is New York City's income gap? - Economy

Closing New York City's income gap is at the top of new Mayor Bill de Blasio's agenda.<p>In his inaugural address, the city's first Democratic mayor in two decades said: "We are called to put an end to economic and social inequalities that threaten to unravel the city we love."<p>But that will be a …

Who Belongs to the Lower Middle Class, and Why Does It Matter?

It’s been a good week, rhetorically, for those who care about reducing inequality. Last Tuesday, in his first papal exhortation, Pope Francis bewailed the unequal distribution of global wealth, using language that sounded, at times, quite Marxist: “But until exclusion and inequality in society and …

Noam Chomsky: We're no longer a functioning democracy, we're really a plutocracy

The world faces two potentially existential threats, according to the linguist and political philosopher Noam Chomsky.<p>“There are two major dark …

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The “middle class” myth: Here’s why wages are really so low today

Want to understand the failures of the “free market” and the key to getting a decent wage? Here’s the real story<p>Let me tell you the story of an "unskilled" worker in America who lived better than most of today’s college graduates. In the winter of 1965, Rob Stanley graduated from Chicago Vocational …

What the Middle Class Should Want From the Economy in 2014

Eco­nom­ists feel pretty up­beat about the pro­spects for 2014 after roughly five years of tep­id, if not pess­im­ist­ic, fore­casts. The U.S. …

Why the American Middle Class Is Dying

The skills gap is widening, the middle class is shrinking, and wages are stagnant. America has underinvested in areas of competitiveness over the …

Income Inequality

The Widening Wealth Gap: Bringing Income Inequality Into Focus

The widening gap between the rich and poor in the U.S. has become a central touch point for economists, pundits and politicians across the U.S. New York City's newly sworn-in mayor, Bill deBlasio, was elected after campaigning against a city divided between the haves and have-nots. President Obama …

Growing the middle class & the war on poverty

Today marks the 50th anniversary of President Lyndon B. Johnson declaring the "war on poverty." What progress do we have to show today? We have two parties with strong views and ideas about how to grow the middle class. But whose will work?<p>At 6:30pm ET, we debate who is doing more to lift the …

15 Disappearing Middle-Class Jobs

More than any other job class, mid-level positions have struggled to recover from the recession, and only a quarter of jobs created in the past three years are categorized as mid-wage. There are high-skilled professional jobs that require college degrees and low-skilled service jobs for less …

Dear middle class: Welcome to poverty

With income inequality surging, the middle class is disappearing into the chasm<p>Fifty years ago today, LBJ threw down the gauntlet on poverty in his famous State of the Union address of 1964. Fired with passion and buoyed by bipartisan support, his anti-poverty team kicked off new health insurance …

Opinion: The most unequal place in America - CNN.com

<i>Editor's note: John D. Sutter is a columnist for CNN Opinion and head of CNN's Change the List project. Follow him on Twitter, Facebook or Google+. E-mail him at ctl@cnn.com.</i><p><b>Lake Providence, Louisiana (CNN)</b> -- Delores Gilmore used to have a dream.<p>The 44-year-old overnight prison guard grew up on …

Map: U.S. Ranks Near Bottom on Income Inequality

<i>Putting Obama's proposed tax hike on the rich in an international context</i><p>Billionaire investor Warren Buffett has argued the U.S. must raise taxes on the rich / Reuters<p>Perhaps the most politically contentious aspect of President Barack Obama's new proposed legislation, aimed to revive the …