wealth gap

The racial wealth gap has long been an issue in the American economic landscape, shining a light on the intersection of wealth inequality and race relations within the United States. Fortunately, newly released data from the Federal Reserve suggests something hopeful—the racial wealth gap is...

In today’s economy, with rising prices and the increasing cost of living, the current federal minimum wage of $7.25 per hour falls far short. Since 2009, this rate has remained stagnant, leaving workers grappling to meet their basic needs. However, recent survey results highlight a growing...

Sen. Bernie Sanders (I-Vt.) reportedly said the U.S. government should confiscate 100% of any money that Americans make above $999 million. "You may disagree with me but, fine, I think people can make it on $999m. I think that they can survive just fine," Sanders told the host of “...

Former Labor Secretary Robert Reich believes the real measure of the economy does not come from the stock market, GDP growth, or the number of jobs; rather, it can be measured accurately at the kitchen tables in America. “In America, it's expensive just to be alive,” he said in a...

Former Labor Secretary Robert Reich has highlighted the wealth gap issue once again, citing a news article based on an Oxfam data report. “The richest 1% took home nearly twice as much wealth as the rest of the world put together over the past two years. If that doesn’t convince...

Former Labor Secretary Robert Reich has explained how the staggering wealth gap needs to be tackled in order to prevent a collapse of the economy. Reich observed that over the last 40 years, most people’s wages have stagnated while worker productivity has increased. Also Read: How To Invest...