The median U.S. household income rose for the third year in a row in 2017, according to data from the U.S. Census Bureau released Wednesday.
One reason Democrat politicians talk a lot about inequality may be that Democrat-dominated states have much higher levels income disparity.
Thirty-year-old millennials’ fortunes, sex lives, and income are all pitiful compared to what their fathers enjoyed at age 30, according to Axios.
Sen. Bernie Sanders (I-VT), the senator who has spent his career railing against the rich and successful, made more than $1 million for the second year in a row, according to the senator’s most recent financial disclosure.
Americans’ median pay packets have been flat since 1973, even though the vastly expanded federal government has justified its own salaries and its many massive spending and policy programs as a sure-fire way to boost education, productivity, and wages.
A report from the Harvard Business Review suggests that there is increasing trend of financial vulnerability for lower and middle class American households. According to the report, households experienced an average of five months per years in which household income increased or decreased by more or less than 25 percent.
In the first poll, after Gov. Jerry Brown’s asked the California Legislature to raise gas taxes and vehicle registration fees to spend $5.2 billion a year more on transportation, voters solidly oppose paying more taxes to pay for Caltrans bad decision making by 3 to 1.
The probability of American children earning as much as their parents has plunged from 92 percent down to 50 percent during the last seven decades, according to a new study of tax data and the shrinking American Dream of upward mobility.
Presumptive Republican nominee Donald Trump filed his Personal Financial Disclosure (PFD) forms on Monday with the Federal Election Commission (FEC). This is the real estate mogul’s second annual filing, according to his campaign press release.
On Sunday, with Martin Luther King Day right around the corner, George Stephanopoulos of ABC News asked Donald Trump what he would say to Americans, especially African-Americans, who believe Dr. King’s dream has not been achieved.
In a single year the real median income of native-born heads of households declined 2.3 percent while the incomes of foreign-born heads of households increased 4.3 percent, according to newly released government data.
The realistic response to minimum-wage increases involves some combination of making do with less labor – cutting hours, firing people – or passing the cost increase along to consumers. Rarely do we find such a clear-cut example of the latter as the hefty price increase at Chipotle restaurants in San Francisco. As the Chicago Tribune reported, the company was quite direct about raising its prices to cover the cost of local minimum-wage hikes, above and beyond the general price increase imposed on numerous markets to account for the rising cost of food supplies, particularly beef.
Home prices in Washington, D.C. have skyrocketed so high that lower and middle income families are being priced out of the area, a new report finds.
The Federal Reserve has declared economic growth “solid.” But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.