Federal Reserve Chair Janet Yellen said Friday that the last several decades have seen the most sustained rise in income inequality in a century.
The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor’s.
Former Secretary of State Hillary Clinton responded to questions about growing U.S. income equality by saying that she and former President Bill Clinton are not like the “truly well off.”
The wealthiest county in America is settled deep in 4 a.m. slumber when Neal Breen threads the mini-mansion subdivisions and snow-blanketed fairways on his way to open shop.
The new Pew Research Center and USA Today survey finds that there is broad public agreement of a growing gap between rich and poor, and over half of Americans surveyed – 54 percent – say they favor taxing the wealthy and corporations to expand programs for the poor.
President Barack Obama will announce five “Promise Zones” this week as part of his effort to focus on income inequality in the lead-up to his State of the Union address.