Category: Trends: Economic
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Is Income Inequality Really the Problem? It Depends on What You Call Income
Are the rich getting richer and the poor getting poorer? Stories about inequality typically talk about how the rich, especially the top 1%, are seeing their incomes grow rapidly while people at the bottom are seeing their incomes stagnate and drop. A gap is widening between the top and the bottom. Is that true? The…
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World Bank: ‘The world has become more equal’
AEI – James Pethokoukis: World Bank: 'The world has become more equal' Lots of attention being given to a new World Bank study suggesting China may overtake the United States this year as the world's largest economy, adjusted for living costs. But this other World Bank finding, noted by the Financial Times, is also interesting:…
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Global Poverty Is on the Decline, But Almost No One Believes It
Barna: Global Poverty Is on the Decline, But Almost No One Believes It April 29, 2014—Did you know that, in the past 30 years, the percentage of people in the world who live in extreme poverty has decreased by more than half? If you said no—if you thought the number had gone up; that more…
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Economics Links
1. Huffington Post: Financially Speaking — Are We an Illiterate Nation? … Champlain College's Center for Financial Literacy released its '2013 National Report Card,' which quantifies what states are doing to promote financial literacy in the classroom. Only seven of 50 states surveyed came away from the study with an "A" rating. That's right, a…