Economic inequality will make you a pessimist

Why It Matters Income Inequality

4 Charts that Show How Rising Income Inequality Increases Pessimism

SOURCE: AP/Evan Vucci

Occupy DC protesters watch morning commuters walk through McPherson Square in Washington on Monday, December 5, 2011. The income gap between the rich and everyone else is large and getting larger, while middle-class incomes stagnate. This has raised concerns that the nation’s middle class isn’t sharing in economic growth as it has in the past, and [...]

Income Inequality = Less Opportunity

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5 Charts that Show How Increasing Income Inequality Leads to Less Opportunity

SOURCE: AP/ Marcio Jose Sanchez

If there is high income inequality, children will likely experience low economic mobility and opportunity as adults.

By Nick Bunker | December 5, 2012

High levels of income inequality are associated with low levels of economic mobility, argues University of Ottawa economist Miles Corak in a new report [...]

A Wiki report on Income Inequality in the U.S.

Income inequality in the United States

From Wikipedia, the free encyclopedia

Distribution of income in the United States has been the subject of study by scholars and institutions. Data from a number of sources [1] indicate that income inequality has grown significantly since the early 1970s,

More on Inequality

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Economic Inequality Quotes

When you say fiscal responsibility, it seems to me that you really mean rich people keeping their money. —Alice Adams

I will always have enough money to last the rest of my life…as long as I don’t buy anything. —Ed Asner, Postal Press Association Conference, 8/2/03

Every year, the compensation representatives at the various plants were instructed to compute and estimate the Workmen’s Compensation costs [...]

A Guide to Statistics on Historical Trends in Income Inequality

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By Chad StoneHannah ShawDanilo Trisi and Arloc Sherman ||

Some very interesting data compiled by the Center on Budget and Policy Priorities….

The broad facts of income inequality over the past six decades are easily summarized:

  • The years from the end of World War II into the 1970s were ones of substantial economic growth and broadly shared prosperity.
    • Incomes grew rapidly and at roughly [...]

Joseph Stiglitz explains how inequality hurts the US economy

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Stiglitz insists that increasing inequality in the United States comes from a breakdown of the political and economic systems. Failure to hold any banker accountable for actions that contributed to the recent economic crisis is a prime cause. The current level of inequality increases instability, reduces productivity, and undermines democracy. He shows that the consequences include a monopolistic redistribution powerful enough to have caused massive distortions in the U.S. [...]

Worsening wealth inequality by race

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By Tami Luhby @CNNMoney June 21, 2012: 1:09 PM ET

The Great Recession has widened the wealth gap, and race is a major factor.

NEW YORK (CNNMoney) — White Americans have 22 times more wealth than blacks — a gap that nearly doubled during the Great Recession.

The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.

[...]

How does economic inequality affect your health?

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Thanks again inequality.org!

Inequality and Health

How does inequality and health relate? Increasing evidence from scientists the world over indicates that many health outcomes — everything from life expectancy to infant mortality and obesity — can be linked to the level of economic inequality within a given population. Greater economic inequality appears to lead to worse health outcomes.

By greater inequality, epidemiologists — the scientists [...]