Income inequality Articles

Recovery From Recession? Only for Top 7 Percent

If your household net worth tops $500,000, you've probably done very well in the two years after the recession ended in 2009. But for the other 93%, the recession never ended.

Jamie Dimon Agrees With Occupy Wall Street: 'Too Much Inequality'

In a speech, JPMorgan Chase CEO Jamie Dimon said the U.S. has "too much inequality" -- a striking sentiment coming from Wall Street's leading defender of financial elites.

Viral Video Explains the Huge Gap Between the Rich and You

Considering the sort of things that usually go viral on YouTube, you might not expect a six-minute video titled "Wealth Inequality in America," to make the grade. But its powerful snapshot of the American economic landscape is grabbing attention in a way that years of pontificating pundits haven't been able to.

Our Readers Respond: What You Want to Hear in Tonight's Debate

We at DailyFinance asked you, our readers, what you want from the first debate: which questions you were concerned about, which issues you wanted discussed, and which policies you wanted clarified. As always, you gave us fantastic feedback.

Occupy Returns: How Do We Really Feel About Inequality?

Occupy Wall Street celebrates its first birthday today, but the movement's failure to articulate a program has allowed the traditional political parties to dominate the debate over inequality -- which, research shows, is a question Americans are very open to considering.

Occupy Wall Street Marks Anniversary with NYSE Protest

A few hundred Occupy Wall Street activists gathered in New York's financial district on Monday but police kept them well back from the New York Stock Exchange, which they had threatened to surround as part of a day of protests marking the movement's one-year anniversary.

State of the Ecomony: 3 Things Obama Will Focus On

In tonight's State of the Union, President Obama faces a tough crowd: Millions of Americans unsure about whether he should keep his job. He'll be aiming to win hearts and minds, and at least part of that will be an appeal to our wallets. With that in mind, here are three key points that he is likely to hammer home tonight:

Take My Wealth, Please: Why Some 1%-ers Back the 99%

Millions of Americans who once viewed themselves in vague terms now see the world divided into two sharply defined groups: the 99% and the 1%. But the line isn't so clear cut, and many of the wealthy have been reaching across it for quite awhile.

What 'Percent' Are You? How the Numbers Really Add Up

Blue State vs. Red State is so last decade: Now, the dividing lines in America are percentages: 99%, 1%, 53%, 47% ... the list goes on. And figuring out who to sympathize with -- or even who you are -- can leave a person 100% confused. We break down the numbers.

Most Americans Think Income Inequality Is A Big Problem: Poll

The people occupying Wall Street aren't the only ones worried about the wealth gap. Nearly three-quarters of the people in a new poll conducted by The Hill say that income inequality is a problem for the United States. Fifty-five percent of respondents said income inequality is a big problem, while another 19 percent described it as somewhat of a problem.

Will China's 'Have-Nots' Be Next to Rebel?

In most respects, China is a world away from the oil-dominated autocracies in the Mideast now seething with anti-government unrest. But it faces similar issues: high inflation and a troubling wealth gap that could fuel social upheavals, if Beijing doesn't make some big changes soon.

Income Inequality on Course to Hit Record Levels

With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift -- a change in the tax rules that lets the rich pass their wealth on to their heirs at the lowest tax rates in decades.

income inequality