While the U.S. economy outperforms other rich countries, it doesn’t feel that way for many Americans. Forty-two percent of Americans don’t have an emergency savings fund, while 40% can’t afford a ...

Income inequality between countries may have eased in recent decades, but the gap within nations continues to widen. Take France: Its poverty rate clocked 15.4 percent in 2023, th ...

U.S. philantropist and oil magnate John D. Rockefeller gives a dime to a child. After “robber barons” like Rockefeller amassed a staggering amount of wealth in the late 19th century, the progressive ...

Changes in overall economic conditions may affect real household income levels and also how income is distributed across households. Analysis using annual data from 1967 to 2023 shows that the adverse ...

Forbes contributors publish independent expert analyses and insights. Christian Weller is an economist focused on retirement inequality. The Federal Reserve recently released new household data in two ...

Editor's note: The Institute for Business in Global Society (BiGS) invited economist Anton Korinek to speak about the impact of artificial intelligence on the economy during our AI in Society seminar ...

Several studies by Thomas Piketty and his colleagues purporting to show that income inequality has increased dramatically in the United States over the last 60 years have influenced the public’s views ...

This article examines the relationship between intra-couple income distribution and subjective wellbeing, using nationally representative data from Hungary. We show that the association between the ...

Discover how Average Propensity to Save (APS) measures the percentage of income saved. Learn the formula for APS and factors ...