The most recent Federal Reserve survey (2022 data) shows household net worth finally recovering to pre-Global Financial Crisis levels after a severe decline and slow recovery. The next survey, which should be reported later this year, will hopefully mark substantial further progress. Several...
I rarely have the vision to connect seemingly unrelated dots but recently picked up on a fascinating phenomenon. (It may be obvious to others, and I am just a little slow!) It seems that America is characterized by a large and growing gap...
Several of my blog posts and white papers have focused on income inequality which has also generated a lot of ink in the mainstream press. A recent article by John Burn-Murdoch in the Financial Times provides a new and valuable slant on this...
There should always be income inequality in a capitalist system, but the critical question is whether there is some level of disparity at which there are serious societal problems. The following graphic, which is graciously provided by Visual Capitalist, portrays income trends for...
While the U.S. certainly has many shortcomings, I am constantly amazed that Americans are so angry and divided, especially given the strength of our economy, the huge gains in life expectancy over the last century, and the fact that we enjoy a high...
Several years ago, I wrote a white paper (Considerations on Income Inequality) that included income and wealth data through 2017, in both cases portraying an ever-widening spread between the top 5% and the rest of the population. The income spread is powerfully captured...
