Income inequality exacerbates wealth inequality and it is much worse than most people realize.
Wealth Inequality in America
President Obama’s audience tonight.
Our audience was right over here.
And who payed the least attention?
The materialistic and selfish quality of contemporary life is not inherent in the human condition. Much of what appears “natural” today dates from the 1980s: the obsession with wealth creation, the cult of privatization and the private sector, the growing disparities of rich and poor.
— Or not. Platinum records = premium health care.
This is a stat we almost wish we hadn’t found.
Did all that super PAC spending make a difference? We’re keeping score on 21 popular races here.
Postcard from the future of sport [via Benjamin Paloff]
Suspicion about this chart’s scale nothwithstanding, this is disconcerting trend. Even The Economist is concerned about rising inequality.
Student loan debt hits record 1 in 5 US households
The Christian Science Monitor, csmonitor.com
With college enrollment growing, student debt has stretched to a record number of U.S. households — nearly 1 in 5 — with the biggest burdens falling on the young and poor.
The analysis by the Pew Research Center found that 22.4 millio…
Don’t I fucking know it.
Occupy Wall Street may well have been the first global protest movement to rally around a statistic cribbed from an economics paper. So to mark its one year anniversary today, I thought I’d break out some of the latest numbers tracking U.S. inequality, courtesy of this month’s Census Bureau recent report on income, poverty, and health insurance coverage.
From 2010 to 2011, the top 5 percent of U.S. households upped their share of the country’s income by 5.3 percent. The top 20 percent got a 1.6 percent bump. And while the country’s poorest saw their piece of the pie grow by a smidgen, the middle classes lost ground.
Read more. [Image: Jordan Weissmann]
Decades-long trends don’t change in a year, especially when no substantive policy changes have been made.
Beat the odds but feeling beaten down regardless. I understand from experience why someone would want to avoid the stress of social mobility and the anxiety of having distinctions of class thrown into painfully sharp relief.
I’m thrilled to announce that I’ll be moving to D.C. in June to join Al Jazeera America’s flagship news program in a senior role as a...