December 10, 2015
Mohenjo
Breaking News
amazon, business, Business News, Hotels, human-rights, Income Inequality, medicine, mental-health, middle-class, Pew Middle Class Study, Pew Research Center, research, Science, Science News, Shrinking Middle Class, technology, Technology News, travel, vacation, Wealth Gap
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There are now more low-income and high-income Americans combined than there are people in the middle class, a study released Wednesday found.
According to a Pew Research Center report, there were 120.8 million adults living in middle-income households and 121.3 million in lower- and upper-income households combined in early 2015, marking the first time in the center’s four decades of tracking this data that the size of the latter groups has transcended that of the first.
The study defines middle income as adults earning two-thirds to double the national median, which translates today to somewhere between $42,000 and $126,000 a year for a three-person household.
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September 12, 2014
Mohenjo
Business
amazon, America, Boston, business, Business News, Economic Inequality, Harvard Business School, Hotels, human-rights, Income Inequality, medicine, mental-health, research, Reuters, Science, Science News, technology, Technology News, travel, vacation, Wealth Gap, Wealth Inequality, Widening Wealth Gap
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The widening gap between America’s wealthiest and its middle and lower classes is “unsustainable”, but is unlikely to improve any time soon, according to a Harvard Business School study released on Monday.
The study, titled “An Economy Doing Half its Job”, said American companies – particularly big ones – were showing some signs of recovering their competitive edge on the world stage since the financial crisis, but that workers would likely keep struggling to demand better pay and benefits.
“We argue that such a divergence is unsustainable,” according to the report, which was based on a survey of 1,947 of Harvard Business School alumni around the globe, and which highlighted problems with the U.S. education system, transport infrastructure, and the effectiveness of the political system.
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