I’m from New York City. To be more specific, I’m from the Upper East Side. It’s a mostly affluent area. My zip code growing up was 10128, which always makes those “richest zip codes in the United States” lists; in… Continue Reading
The notion of “haves” and “have-nots” may erode our entire social fabric. Continue Reading
If you’re trying to figure out where exactly the Great Recession (or “Downturn”) of 2008 did the most damage in the United States, one way to explore that would be to look at rising inequality rates. After all, in downturns the rich… Continue Reading
77 million American adults — which is one-third of the populace — have debt in collections right now. The average — remember, I just typed “average” — American with a credit file has $50,000 in debt. If you’re looking for… Continue Reading
Wrote a little about the growth in income inequality across the 50 states from 1979 to 2012 last week, and now here’s more, via CityLab. Check out this chart: Essentially, the states with the lowest real inequality — as measured by… Continue Reading
Robert Moffitt is an economist at Johns Hopkins; most of his research is around the idea of taxes, health care, and welfare. Indeed, he has a huge study coming out in the academic journal Demography later this year/next year about the evolution… Continue Reading
Cool article in The Atlantic Cities on the growth of American income inequality from 1979 to 2012; essentially, in 1979, there were 11 states (and D.C.) that had rates of inequality (as measured by Gini) that exceeded the rate for the U.S.… Continue Reading
If you’re looking for that kind of lifestyle, your best bet is in London, apparently. The city has 72 billionaires, which is 24 more than the next-highest concentration (48, in Moscow). There are 104 billionaires in Great Britain altogether, topped… Continue Reading