There was an op-ed in the New York Times the other week that detailed some of the economic inequality in the US. It used academic data to discuss how poorly Americans estimate the level of social mobility. It’s certainly worth reading, but I wanted to highlight one section (and study): Studies by another author of this article, …
Tag Archives: Income Inequality
Why Poor People Have Harsher Moral Judgments
Morals is certainly one of my interests, as is evidenced by my series on Michael Sandel’s book, What Money Can[‘t] Buy. And so, when I came across a journal article called, “A Lack of Material Resources Causes Harsher Moral Judgments,” I was intrigued, if not a bit saddened. The researchers attempted to test the idea of …
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85 People Have As Much Wealth as 3.5 Billion People
Just think about that headline for a second… 85 people have as much wealth as 3.5 billion people. Eighty-five vs. Three and a half billion. Maybe looking at the words isn’t enough, let’s look at it in numbers. 85 vs. 3,500,000,000. If I were graphically inclined, I’d make a quick “infographic” showing 85 people on one …
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Poorest Canadians Spend More Than Half of Income on Food & Shelter
Just over a week ago, I saw this photo retweeted by Gerald Butts, who happens to be a senior advisor to Justin Trudeau (the Leader of the Liberal Party of Canada). As I’ve spent most of my adult life in the US, I’m used to hearing and writing (here, here, and here) about some of …
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US Congress: 48% Millionaires, US Population: 2.85% Millionaires
I recently saw an article in The Atlantic with the title: Does the Rise of the Super-Wealthy Require New Global Rules? It’s a provocative question based on a book by Chrystia Freeland, Plutocrats. I highly recommend taking the time to read it! Anyway, while the article was good, there was something near the beginning that caught my eye …
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Perception vs. Reality: Revisiting Wealth Inequality in America
This past summer, I wrote a post that shared some information about wealth inequality in the US. I was actually sharing information that had been published the summer before (in 2011). There was a telling graphic that followed as a result of the study (I’ve included it below): Keeping in mind that this study was …
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Jeremiah Stanghini 