New research challenges one of the biggest assumptions about the Federal Reserve
This is how Federal Reserve Chair Janet Yellen looks at the world.
But the Fed chief steered clear of saying whether the central bank is contributing to the divide
Income inequality isn't the only gap the U.S. needs to mind these days.
The bigger the gap between the poor and the middle class, the more likely low-income kids are to drop out
Before the government taxes people and/or sends them money, inequality in Sweden is as high as it is in the U.S. Then everything changes.
There are compelling reasons to believe that inequality can harm growth, but it's surprisingly difficult to prove this is happening in the United States.
The Gini coefficient has a lot of problems. The Palma ratio — the top ten percent's share of income, divided by the bottom 40 percent's — is a better measure. And at a global level, it's staggeringly high.
The Deep South, as well as New York and California, saw the fastest growth in income inequality over time.
The typical family of four made $66,000 last year. The share making six figures is strikingly small.
Some sectors have done quite well. The typical American household hasn't.
Guess who lost the recession? The 99 percent. Guess who won the recovery? The very rich.
A pioneering guilty pleasure was eerily prescient about the economy.
But Obama's right that median incomes aren't growing fast enough, and those with less education are getting left out.
And other takeaways from the latest inequality data.
Obama's unifying economic idea: A desire to combat inequality