income disparity

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Robin Hood, Beware: The Rich Get Poorer
Robin Hood, Beware: The Rich Get Poorer
Analysis
Oct 27, 2008 1:28 PM CDT

Robin Hood, Beware: The Rich Get Poorer

Financial crisis hits US wealthiest hard, reduces inequalities

(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...

Ivy Leaguers Start Ahead, Stay Ahead

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

(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%...

How the Middle Class Was Systematically Betrayed

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

(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...

Tax Harvard to Help Fund Poorer Colleges
Tax Harvard
to Help Fund Poorer Colleges
OPINION
Dec 21, 2007 4:17 PM CST

Tax Harvard to Help Fund Poorer Colleges

Banker urges taxing investment earnings to close education gap

(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...

Rich Getting Even Richer, Even Faster

Gap between super wealthy and rest of US grows even bigger

(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 just...

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

Wealthiest hundredth raked in one-fifth of income: IRS

(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...

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