You Searched For "wealth gap" and got 20 results
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2 mins read
At $110 billion, Indian diaspora diverted more wealth than any other to its home country in 2022
While this is undoubtedly an impressive figure, it probably comes as no surprise, considering that …
3 mins read
Incomes are either rising too slowly or falling at the lower end of the bracket
India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…
2 mins read
As India’s income inequality worsens beyond British-era levels, majority want to tax the rich, study reveals
A study by the World Inequality Lab has shown that Indian billionaires already own a disproportiona…
6 mins read
Some millennial and Gen X parents are leaving it all behind to spend 6 figures on a family gap year. Here's how they budget and 'worldschool' their kids.
Want to quit your job and take your family on a gap year? Parents explain how they budget and "worl…
Hillary Hoffower
5 mins read
Meet the last 20-something millennials: They're twice as wealthy as their geriatric peers were and are carving creative paths to homeownership
Millennials are saying goodbye to their 20s with twice as much wealth as their Great Recession-blig…
Hillary Hoffower
2 mins read
Giving new babies a savings account can help curb wealth gaps and make college feasible. One Democrat wants to make it federal law.
Senator Bob Casey's proposal for automatic savings accounts for every kid in the US plays on a popu…
Juliana Kaplan
2 mins read
Union households tend to have over $100,000 more in wealth than nonunion families, Federal Reserve data shows
Union households hold just over $330,000 in median wealth, but the vast majority of US workers aren…
Juliana Kaplan
5 mins read
For some millennials, the reality of their retirement plans is that they're a fantasy
New data shows a significant gap with how much millennials expect they need to retire ($1.7 million…
Dan DeFrancesco
2 mins read
Don't feel bad for Gen Z and millennials they'll work less and live longer, Jamie Dimon says
JPMorgan CEO Jamie Dimon said Gen Zers and millennials would probably work just 3.5 days a week, av…
Theron Mohamed
1 min read
Wealth inequality and 'billionaire supremacy' have gotten so bad that at this rate, it will take 230 years to end poverty
Oxfam International said top billionaires have become $3.3 trillion richer since 2020. Meanwhile, 6…
Katie Balevic
7 mins read
Meet the millennials who made all the right money moves in the pandemic economy and are suddenly wealthy
Millennials' average wealth doubled in the last four years, leaving some surprised to realize that …
Juliana Kaplan
2 mins read
Progressive Democrats are proposing a new tax they say will help 'close the exorbitant wealth gap'
Pressure group the Patriotic Millionaires helped devise legislation called the Oligarch Act that wo…
Joseph Wilkins
3 mins read
It's never been harder to build wealth. Blame high interest rates and the US housing market.
Buying a home builds wealth, but sky-high mortgage rates have pushed that goal out of reach for man…
Jennifer Sor
7 mins read
Angus Deaton won a Nobel Prize in economics. Now he says he got it wrong on globalization.
Angus Deaton has been an economist for over fifty years. He's still rethinking his views.
Juliana Kaplan
4 mins read
Meet the 'disconnected youth': A growing group of Gen Zers who aren't working or going to school
A growing group of Gen Zers aren't working or going to school.
Juliana Kaplan,Ayelet Sheffey,Noah Sheidlower
9 mins read
Japan's historic economic comeback shows just how screwed China is right now
China is facing the same kind of economic collapse that hit Japan in the 1990s. But it might get ev…
Linette Lopez
2 mins read
5 major challenges that have China headed for a '100-year storm,' according to billionaire investor Ray Dalio
They include a big debt problem, a growing internal wealth gap, and increasingly fraught foreign re…
Aruni Soni
6 mins read
Canada's First Nations are building the densest neighborhood in the country by reclaiming their ancestral land and defying NIMBYs
The massive housing and other economic development projects underway in Canada could be inspiration…
Eliza Relman
8 mins read
America's economy is being wildly mismeasured
Polls are fueling "pessimism inflation" — and it's going to make the next recession even more…
George Pearkes
2 mins read
Billionaire investor Ray Dalio says the 'Great Wealth Transfer' explains the US economy's resilience
Exactly why the economy continues to defy expectations is open to debate, but billionaire investor …