income inequality

Sen. Bernie Sanders (I-Vt.) recently expressed his views on the economic struggles faced by working-class families and its impact on their life expectancy. What Happened: On Sunday, Sanders took to X to share his personal experience growing up in a family that lived paycheck to paycheck. “I...

After selling a stake in the Dallas Mavericks and announcing a departure from "Shark Tank," Mark Cuban was viewed as a potential presidential candidate or a billionaire with a future in politics. Cuban brushed off the notion, and past comments have shown that he has never wanted to be president,...

After a scandalous 2016 that did significant damage to Wells Fargo & Co's (NYSE: WFC) reputation, the big bank is continuing with its damage control by dialing back its executive compensation. Last year, Wells Fargo paid a $185 million settlement related to opening fraudulent accounts in...

U.S. Federal Reserve Chair Janet Yellen said on Thursday there are no serious short-term obstacles that could derail the economic momentum. According to a Bloomberg report, Yellen emphasized the fact that the U.S. unemployment rate has reached a low level while the labor market is strong and wage...

The rich are getting richer, the poor are getting poorer and the middle class isn't advancing, right? Not according to a new study. According to the Urban Institute, the middle class has been shrinking since 1979. However, the shrinking part of the middle class isn't dropping to the lower class,...

Income inequality over the long term can be bad news for all members of an economy. While inequality among different countries has been on the decline, inequality within developed market countries has been increasing. Morgan Stanley believes that certain companies are particularly well-positioned...

MIT graduate Matthew Rognlie has attracted an audience with his theory for the issue of income inequality. He claims that the main issue at hand is housing, according to editor Greg Ferenstein of medium.com. Ferenstein states that Rognlie's theory "attack[s] the idea that rich...

Does a higher minimum wage necessarily mean higher prices for businesses and, by passing those prices along, consumers? The controversy over income inequality and the U.S. minimum wage has been percolating for some time now. And while the Obama Administration has been pushing for a federal minimum...