Tag Archives: wealth

Leading British medical journal spotlights ‘inequality and health’ in U.S.

April 7, 2017 – The life expectancy of the wealthiest Americans, which now exceeds that of the poorest Americans by 10 to 15 years, continues to grow, according to a series of papers published today in The Lancet, one of the world’s oldest and most respected medical journals. This “survival gap” is a result of America’s fractured, for-profit health system, as well as its rapidly growing economic inequality, racial segregation and mass incarceration, which is unique among industrialized nations, researchers say.

These topics and several others are discussed in a five-paper series in The Lancet called “America: Equity and […]

Leading British medical journal spotlights inequality and health in U.S.

New studies in The Lancet examine effects of racial segregation, mass incarceration, economic inequality and a lack of universal health care as factors in declining U.S. health outcomes, and point to a growing ‘survival gap’ between rich and poor

FOR IMMEDIATE RELEASE, April 6, 2017, at 6:30pm EST
Contact: Clare Fauke, communications specialist, PNHP, 312-782-6006, clare@pnhp.org
The life expectancy of the wealthiest Americans, which now exceeds that of the poorest Americans by 10 to 15 years, continues to grow, according to a series of papers published today in The Lancet, one of the world’s oldest and most respected medical […]

Americans Are Pretty Skeptical That Hard Work Will Pay Off


Brian Snyder / Reuters Hard work is often touted as the key American virtue that leads to success and opportunity. And there’s lots evidence to suggest that worker buy into the belief: For example, a recent study found that Americans work 25 percent more hours than Europeans, and that U.S. workers tend to take fewer vacation days and retire later in life. But for many, simply working hard doesn’t actually lead to a better life.

In the past, economists have acknowledged that citing hard work as the path to prosperity is overly simplistic and optimistic . Ultimately, whether hard work […]

America exports its addiction to bling across the globe; Lauren Greenfield captures it with her camera

Lauren Greenfield

Photographer and filmmaker Lauren Greenfield’s "Generation Wealth," at the Annenberg Space for Photography in Century City, is the culmination of 25 years of work. (Luis Sinco / Los Angeles Times) Lauren Greenfield recently stopped at Target with her 10-year-old son. The idea was to grab a coffee and use the restroom. Before she knew it, she had a cart full of stuff, including a $50 jar of anti-aging face cream. Her son made her put it back.

Greenfield tells the story while sitting on a couch inside the Annenberg Space for Photography in L.A. days before the opening of her […]

Economic Mobility: Research & Ideas on Strengthening Families, Communities & the Economy

Economic Mobility book

Economic Mobility: Research & Ideas on Strengthening Families, Communities & the Economy is a new publication released by the Federal Reserve Bank of St. Louis and the Board of Governors of the Federal Reserve System. The authors of the essays in this volume explore a range of issues and concepts central to understanding how—and how well—people are able to move economically.

Foreword

Janet Yellen, Chair, Board of Governors of the Federal Reserve System The Importance of Economic Mobility (PDF) Introduction Ray Boshara, Federal Reserve Bank of St. Louis, and David Buchholz, Board of Governors of the Federal Reserve […]

Why Black Families Struggle to Build Wealth

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​It’s harder for African Americans to climb the economic ladder, and to sustain their progress.

​There’s little disagreement about the fact that economic inequality is problematic. But arguments persist over its origins, solutions, and which economic gaps are ultimately the most pernicious.
In his new book, Toxic Inequality : How America’s Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future , Tom Shapiro, a professor of law and sociology at Brandeis University, lays out how government policy and systemic racism has created vast gaps in wealth between white and black Americans. Shapiro and his colleagues followed […]

How Invisible Inequality Hurts the Poor


We need to confront how increasing income inequality is affecting people’s inner lives. In a lecture at INSEAD’s Fontainebleau campus a couple of months ago, Professor Robert Frank of Cornell University argued that pure luck (beyond effort and personal circumstances) would become more salient for professional success and quality of life in the context of a winner-take-all society fuelled by technology ( digitalisation in particular) and new ways of doing business. Frank’s argument resonates: Economic and social advantages clearly are disproportionately accruing to the “lucky” few who create the next big start-up or come up with a digital idea […]

5 alarming facts about America’s $1.3 trillion in student loan debt

student debt

democracynow.org The president of the New York Federal Reserve Bank sounded the alarm on Monday that the student debt crisis continues to mount.

At a staggering $1.3 trillion, outstanding student loan debt is casting a financial pall on millions of Americans, according to a new study by the bank.

A college degree generally gives people a leg up in buying a home and achieving other middle-class goals. However, holding debt is associated with a lower rate of homeownership, irrespective of degree type, according to the report.“Those with significant student debt are much less likely to own a home at any given […]

/ Essays on income inequality

Free Income Inequality Essays And

Free Income Inequality Essays And ESSAYS ON ECONOMIC POLICY: INCOME INEQUALITY AND HEALTH INSURANCE by ERIC DOVIAK A dissertation submitted to the Graduate Faculty in Economics in… Show More! Income Inequality In The Us – Term Paper January 2016 Since the 1970s, economic inequality in the US has increased dramatically. And in particular, the rich have gotten a lot richer. Nearly everyone who… Show More! Free Income Inequality In America Essay Essay on Inequality on issues in modern economies Edition: 1 A series of essays on major issues in modern economies: from inequality to crises… Show More! Income Inequality […]

Grammars ‘will stop poor, bright pupils earning less than rich, dim schoolmates’: Education Secretary says selective schools will transform the lives of deprived children

 Justine Greening said grammars will help stop bright poor children going on to earn less than dimmer wealthier classmates

Justine Greening said grammars will help stop bright poor children going on to earn less than dimmer wealthier classmates A wave of new grammars will help stop bright poor children going on to earn less than dimmer wealthier classmates, Justine Greening said yesterday.

The Education Secretary added that more selective schools could transform the lives of deprived pupils by giving them the same access to academic excellence.

In a speech on social mobility, she spoke of the unfairness that clever deprived students are around a third less likely to earn a high wage than less intelligent richer peers. Ministers plan to […]