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Byline: Sara Chernikoff, USA TODAY You may be closer in proximity to a millionaire than you previously anticipated. A recent report on the concentration of wealth in the U.S. raises [...]

ROME, June 3, 2024 (Xinhua via COMTEX) -- While wealth in Italy grew over the last 15 years, the economic gap between high-income and medium-income families has also widened, a [...]

FRANKFURT AM MAIN, Germany -- The following information was released by the European Central Bank (ECB): The European Central Bank (ECB) has today published experimental statistics on Distributional Wealth Accounts [...]

Byline: Glenn Kessler President-elect Joe Biden on Thursday night announced his nearly $2 trillion economic plan to deal with the economic fallout from the coronavirus pandemic. There were five factual [...]

Byline: Dalvin Brown, USA TODAY As millions of Americans lost jobs amid the raging coronavirus pandemic, billionaires' wallets swelled to reach new heights, according to a new study. Between April [...]

Byline: Eliza Anyangwe What's at the root of inequality? Countries that didn't think beyond income creation pay the price in inequality : I hate it when people imply there is [...]

U.S. HOUSEHOLD WEALTH jumped $3 trillion to a record $70 trillion in the first quarter, the Federal Reserve said Thursday, topping the previous peak of $68 trillion in the third [...]

Byline: Christine Dugas, @christinedugas, USA TODAY The wealth gap between white and African-American families has nearly tripled over 25 years, according to a study released Wednesday by the Institute on [...]

YOU have to wonder: Could Mayor Michael Bloomberg and police chiefs around the country be secretly backing the Occupy Wall Street movement? The Occupy protests might have died in infancy [...]

Byline: Alan M. Webber The past year has been a triumphant one for Spanish soccer. The national team won the World Cup. Barcelona, whose players largely stocked the national team, [...]

Princeton, N.J. ACCORDING to a new study by the Pew Research Center, Hispanic families saw the largest decline in wealth of any racial or ethnic group in the country during [...]

The Ronald Reagan crowd loved to talk about morning in America. For millions of individuals and families, perhaps the majority, it's more like twilight -- with nighttime coming on fast. [...]

UK Prime Minister John Major's claim on Apr. 9, 1997, that the average family is 1,100 pounds sterling/yr. better off than in 1992 is as misleading as Labour's claim that the typical family is more than 2,000 pounds sterling worse off. Real disposable income per head rose by just over 12% between 1992 and second qtr. 1996, but income growth at the top of the income distribution since 1979 has been 10 times that at the bottom. On average, changes to the tax and benefit system between Apr. 1992 and Apr. 1997 have made families 2.6% worse off, but losses for those at the top have been much lower than for those at the bottom.