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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: income disparity

income disparity stories: 9 news summaries
ANALYSIS

 Women's Workplace Gains 
 Likely to Outlast Recession 

Long-term employment stats bound to reflect better academic performance

Sep 28, 09 5:54 PM CDT
(Newser) - The recession has been kinder to women than to men, and the reason is well documented: the most affected industries are those with lots of male employees, like manufacturing and construction. But another factor is driving a more permanent change, writes Greg Burns: Overall, women earn more college degrees. By... More »

MORE ABOUT:
education • women • college • manufacturing • income disparity • income gap

Young Grow Poorer While Old Get Richer

Recession socks Americans born after 1955

Sep 18, 09 12:49 PM CDT
(Newser) - Young and middle-aged people, particularly men, saw their incomes plummet from 2000 to 2008, leaving many age groups at 30-year nadirs, new Census data show. The recession has exacerbated the problem, widening the gap between young and old at an unprecedented rate, USA Today reports. Worst hit were those... More »

MORE ABOUT:
Bush administration • middle class • retirement • income disparity • young men • income gap • young people


 For Once, Super-Rich 
 Not Getting Richer 

Recession halts 30-year rise of the super-wealthy

Aug 21, 09 9:25 AM CDT
(Newser) - Since the 1970s, the rich have been getting richer with stunning consistency, but now, thanks to the recession, that decades-long run has hit a wall, the New York Times reports. Wall Street pay is indeed returning to normal, but for every investment banker who’s benefiting from that, several... More »

MORE ABOUT:
ultra rich • recession • rich • income disparity • income gap

Analysis

Robin Hood, Beware: The Rich Get Poorer

Financial crisis hits
US wealthiest hard,
reduces inequalities

Oct 27, 08 1:28 PM CDT
(Newser) - Barack Obama and John McCain have sparred over the country’s income gap, but that gap is shrinking rapidly, Robert Frank writes in the Wall Street Journal. Financial crises always knock the rich down a peg, and this one is no different. One economist predicts the top 1%’s share... More »

MORE ABOUT:
Barack Obama • John McCain • wealth • income disparity • Election 2008 • financial crisis

Ivy Leaguers Start Ahead, Stay Ahead

Take that English degree to Wall Street and you'll still cash in

Aug 1, 08 12:35 PM CDT
(Newser) - How much you make correlates with where you went to school, a new study finds. Bachelor’s degree holders’ salaries grow at the same rate over the first decade of their careers regardless of the school, the Wall Street Journal reports, but Ivy League graduates’ median starting salary is 32%... More »

MORE ABOUT:
Ivy League • higher education • income • salary gap • Dartmouth • Ohio State University • Harvard • income disparity

OPINION

How the Middle Class Was Systematically Betrayed

Our 'land of equality' is now a 'bankers' utopia'

May 14, 08 1:10 PM CDT
(Newser) - Thomas Frank tackles the decline of the American middle class in an outraged op ed piece in today's Wall Street Journal. He confesses fascination with "the mechanics of this huge social reconfiguration," which has, over several decades, shunted the nation's wealth into fewer and fewer hands, until the... More »

MORE ABOUT:
middle class • slave labor • trade • tax cuts • income disparity • deregulation

OPINION

Tax Harvard
to Help Fund Poorer Colleges

Banker urges taxing investment earnings to close education gap

Dec 21, 07 4:17 PM CST
(Newser) - The growing disparity between the richest universities and their more modest counterparts is not as often discussed as other aspects of America's wealth gap, prominent investment banker Herbert Allen writes in the New York Times—but it should be. The nation’s wealthiest colleges have endowments topping $1 million per... More »

MORE ABOUT:
Princeton University • Yale University • Harvard • income disparity • endowment

Rich Getting Even Richer, Even Faster

Gap between super wealthy and rest of US grows even bigger

Dec 15, 07 4:17 PM CST
(Newser) - America’s economy is great, the New York Times says, if you’re already super rich. Between 2003 and 2005, America’s top 1% saw a meteoric 42.6% jump in income. The rest of us? Well, the middle fifth earned an extra 4.3%, and the bottom fifth... More »

MORE ABOUT:
ultra rich • wealth • US economy • income disparity

A New High: 1% of Rich
Have 21.1% of Riches

Wealthiest hundredth raked in one-fifth of income: IRS

Oct 12, 07 10:50 AM CDT
(Newser) - The wealthiest 1% of Americans hit a 21.1% record share of the nation's income, according to IRS figures released yesterday. While the data don't point to a specific cause, the Journal cites the heretofore booming stock market. The previous peak of 20.8% was in 2000, also at the... More »

MORE ABOUT:
recession • income disparity • Internal Revenue Service

9 Stories


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