Total U.S. Billionaire Wealth: Up 88 Percent over Four Years
Mar 18, 2024 · Four years ago, the United States entered the Covid-19 pandemic. Forbes published its 34th annual billionaire survey shortly after with data keyed to March 18, 2020. On that day, the United States had 614 billionaires who owned a combined wealth of $2.947 trillion.
Income Inequality - Inequality.org
Over the past five decades, the top 1 percent of American earners have nearly doubled their share of national income, according to figures in the World Inequality Database.Meanwhile, the Census Bureau’s “official” poverty rate for all U.S. families has merely inched up and down. In 2011, the Census Bureau began publishing a “supplemental” poverty measure that is …
Gender Economic Inequality - Inequality.org
Throughout the U.S. workforce, women remain vastly underpaid. Institute for Policy Studies analysis of U.S. Census Bureau Data finds that among full-time workers, women earned an average of 83 cents for every dollar a man earned in 2021, up from 76 cents in 2001. The narrowing of the pay gap has slowed in the past two decades compared to earlier decades when women were joining the workforce in ...
Inequality.org
Inequality.org. is your online portal to data, analysis, and commentary on income and wealth inequality. You'll find on these pages information and insights that can help you better understand our deeply unequal world — and how we can work to change it.
Wealth Inequality - Inequality.org
The collective net worth of America’s top 12 billionaires now surpasses $2 trillion. Their combined wealth increased by more than $1.3 trillion, or 193 percent, between March 18, 2020 and December 3, 2024, according to Institute for Policy Studies …
Racial Economic Inequality - Inequality.org
Racial Wealth Divide. By the middle of the 21st century, the United States will be a “majority minority” nation. If we hope to ensure a strong middle class, historically the backbone of the national economy, then improving the financial health of households of color will become even more urgent than it is today.
The Richest 1 Percent Now Own a Greater Share of the Stock …
Jan 16, 2024 · New Federal Reserve analysis of stock markets has found that the concentration of ownership of the public equity stock market has hit an all-time high. “The rich now own a record share of stocks,” Axios reported on January 10, noting that the top 10 percent hold about 93 percent of U.S. households stock market wealth. “The running of the bulls in 2023 was more like the waddle of the fat ...
Eight Ways To Reduce Global Inequality
Feb 11, 2015 · 3. A Global Wealth Tax? In Capital in the Twenty-first Century , Thomas Piketty recommends an international agreement establishing a wealth tax. Under his plan, countries would agree to tax personal assets of all kinds at graduated rates.The skeptics do have a point about whether this particular plan is practical, but we shouldn’t give up on the idea.
Revealing the True Cost of Billionaire Philanthropy
Nov 20, 2023 · Giving Pledgers need to pick up the pace. The report analyzes the progress of the Giving Pledge, founded in 2010 by Bill Gates and Warren Buffett, that has inspired over 220 billionaires to pledge to donate half of their wealth during their lifetime.The report found that while a handful of donors are moving funds in a timely manner, most have seen their wealth dramatically increase over the ...
How Did Elon Musk Become the Richest Person on Earth?
Oct 17, 2024 · In 1942, then-president Franklin Roosevelt proposed a 100 percent tax rate on income over $25,000, the equivalent of about $484,000 today. Congress wouldn’t go along with that 100 percent top rate. But lawmakers did give the okay to a 94 percent top tax rate on 1944 income over $200,000.. In the 1950s, under the Republican president Dwight Eisenhower, the federal tax rate on top-bracket ...