The gap between the rich and the rest of us continues to grow. But just as American wages have stagnated, so too has the public’s interest in combating income inequality.
The financial stability of America’s working families is increasingly divided by race and ethnicity, says a study released this week by The Working Poor Families Project.
“In 2013, working families headed by racial/ethnic minorities were twice as likely to be poor or low-income (47 percent) compared with non-Hispanic whites (23 percent),” the study states, “a gap that has increased since the onset of the Great Recession in 2007.”
Jonathan Chait unpacks another incredible claim made by Catholic Republican Paul Ryan that "the Obamanomics that we're practicing now have exacerbated inequality."
We say: Yes, the rich are growing richer, but the concentration of wealth is more extreme than most imagine. This is sparking a new look at poverty.
Commentary: Few Catholics objected last year when the new pope cranked up the engine of financial reform within the Vatican as one of his first orders of business.
It is often difficult to accept the reality that certain long held beliefs may no longer be true. An important article in The New Yorker challenges some traditional beliefs about social mobility in the United States.