Income & Output

There are 2,668 billionaires in the world, according to Forbes in its 36th annual ranking of the richest people on earth. They come from 75 countries or territories and have a collective wealth of...
Inflation is surging in the United States – in large part because of rising food prices. In cities across the country, food today is 8% more expensive, on average, than it was a year ago, and...
Much debate has centered around income inequality in the U.S. and the amount of wealth owned by the top 1%. According to statistics from the Federal Reserve, as of the fourth quarter of 2021, the top...
Having reached a high in the Roaring ‘20s, where raucous wealth played against extreme poverty, with  large numbers of poor people leaving their agrarian roots for low-paying jobs in the cities,...
Every 10 years, the US Census survey, the US logs each person’s personal income. More than just a number, personal income gives a snapshot of the nation’s living standard and quality of life. The...
CEO pay has been described as obscenely high by investors, worker activists, and the press. How, these groups ask, can one person be worth millions or even tens of millions of dollars in compensation...
Wall Street has experienced volatility a number of times since March 2020. COVID-19, GameStop’s activist short squeeze, and the Suez Canal blockage all shook up worldwide commerce. Investment firm...
The gender wage gap is a hot topic, even as women have cracked the glass ceiling in many fields. The United States has its first woman vice president, Kamala Harris. Nancy Pelosi is Speaker of the...
Women earn less than men in many fields. One reason for the gender wage gap is termed “sex segregation by occupation,” meaning women disproportionately enter certain fields that pay less well....
Measures of national wealth use several yardsticks. The wealthiest by gross domestic product is the U.S. with a GDP of $19.5 trillion. The GDP per capita of Liechtenstein is the highest in the world...
The IRS audits around 300,000 filings each year, but double-checking your filing and avoiding some simple mistakes could help ensure that your return does not land on the dreaded audit list.  To...
Inflation recently reached a four-decade high in the U.S., spiking around the world as well. Oil and gas prices have recently surged because of Russia’s invasion of Ukraine, putting further...
Real gross domestic product grew at a tepid 1.69% pace in the U.S. from 2017 to 2020, thanks to a contraction of 3.4% in 2020 — the worst in the U.S. since the end of World War II....
Since COVID-19 reached the United States in early 2020, the financial situation of millions of Americans has deteriorated, even as a number of the nation’s wealthiest saw their fortunes increase by...
It is estimated that over 721 million people worldwide live on $1.90 per day or less — the extreme poverty threshold set by the World Bank. While this is an improvement from years past, that is...