Do you think that the biggest conflict in America today is between the rich and the poor? If so, join the club: According to a recent Pew Research Center poll, 66% of Americans believe the wealth gap is the greatest cause of tension in this country.
You'd think that fast-food restaurants -- with their emphasis on value -- would appeal primarily to those at the lower end of the income scale. But according to a new national study, dining at McDonald's and its quick-serving competitors becomes more common as people make more money.
Election season is coming, and politicians across the spectrum are already hunting for campaigns contributions. But with the vast majority of political donations coming from lobbies, corporations, and the wealthy, does it make sense for average taxpayers to contribute?
The wealthiest Americans saw their income nearly triple in the three decades to 2007, substantially more than all other segments of the population, the Congressional Budget Office said Tuesday.
GOP presidential candidate Herman Cain unveiled several major changes to his popular 9-9-9 tax plan on Friday. The former Godfather's Pizza CEO even announced that those below the poverty line would pay no income taxes. But the middle class won't find much relief in Cain's fleshed-out plan.
On Thursday, GOP presidential candidate Michele Bachmann may have inadvertently made one of the boldest moves of the 2012 primary campaign. Speaking on Fox News, the Minnesota congresswoman stated that she wants to adopt Ronald Reagan's tax plan, a rate structure that's much higher than current tax rates.
Every parent wants more for their child than they had for themselves. Ideally, each generation should move forward. But it's not a given in America. A middle class upbringing does not guarantee the same status over the course of a lifetime, finds a new study.
The U.S. middle class is caught in a vice with falling wages on one side and rising costs on the other. Robert S. Kaplan, author of the business leadership book What to Ask the Person in the Mirror suggests five ways that politicians should be responding -- not specific policies, but mindsets that could lead to better ones.
During the depths of the recession in 2009, as millions of Americans lost their jobs, homes and life savings, the highest-paid earners in the United States saw their average incomes increase from $91.8 million in 2008 to a mind-boggling $518.8 million. That's $10 million per week.
In an academic study, the vast majority of Americans across the political, gender and wealth spectrum displayed a markedly skewed understanding of how America's money is divided.
In American public life, it's hard to escape popular appeals about the virtues of the middle class. Yet a growing cadre of analysts are concerned about the steady erosion of the middle class and the industrial base that created it.
The federal government today passed a bill designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory for President Barack Obama and his attempt to cut unemployment.
