Retirement incomes will become more unequal, study finds, By Annie Nova, August 7, 2018, CNBC: “If income inequality continues to grow, so too will the gap between wealthy and struggling retirees. That’s the takeaway from a new report by the Urban Institute, a progressive think tank in Washington, D.C., and funded by the Department of Labor, which analyzed how rising inequality will shape the landscape of American retirement…”
Tag: Income inequality
Global Inequality
- Report: America’s income inequality is on par with Russia’s, December 15, 2017, CBS News: “The lopsided fortunes of America’s richest and poorest citizens are now on par with Russia’s after three decades of rising income inequality, according to a new report from economists Thomas Piketty and Emmanuel Saez…”
- U.S. lawmakers are redistributing income from the poor to the rich, according to massive new study, By Christopher Ingraham, December 15, 2017, Washington Post: “Back in 1980, the bottom 50 percent of wage-earners in the United States earned about 21 percent of all income in the country — nearly twice as much as the share of income (11 percent) earned by the top 1 percent of Americans. But today, according to a massive new study on global inequality, those numbers have nearly reversed: The bottom 50 percent take in only 13 percent of the income pie, while the top 1 percent grab over 20 percent of the country’s income…”
Income Inequality Among Retirees
For many older Americans, the rat race is over. But the inequality isn’t., By Peter Whoriskey, October 18, 2017, Washington Post: “While the rat race ends with retirement, one of its principal features extends well past a person’s last day of work. Income inequality in the United States spills over from the job into the last decades of life, according to a new survey that ranks the differences among U.S. retirees as among the most extreme in the 35-country comparison. The report being issued Wednesday by the OECD, or Organization for Economic Cooperation and Development, reports levels of inequality in a survey of member countries…”