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…”
Tag: OECD
U.S. Child Poverty
Why child poverty in the US may be much worse than you realize, By Danielle Kurtzleben, October 30, 2014, Vox: “Nearly 44 percent of all US kids were in poverty for two or more months from 2009 to 2012, the Census Bureau reported on Wednesday. Poverty is unevenly spread, and for many college-educated, urban-dwelling, well-to-do Americans can be almost entirely hidden. It might be that none of the kids in your neighborhood or church or school district were in poverty during this period. But that means that there’s some other neighborhood where many — even most — of the kids were. And this is just the beginning of the staggering figures on US child poverty…”
Wage Inequality – OECD
OECD: Wage inequality will only get worse from now through 2060, By Mamta Badkar, July 2, 2014, Business Insider: Global wage inequality is expected rise, and economic growth is expected to slow, between now and 2060, according to a new report form the OECD. The report points out that widening earnings gap, ‘rising capital incomes (which tend to be highly concentrated), less redistributive tax and benefit systems, and changing household formation patterns,’ have all contributed to rising inequality in recent decades. ‘Rising inequalities threaten growth, most notably by blocking economic opportunities,’ according to the press release. The OECD projects that earnings inequality could grow between 17-40% by 2060. . .”