Rising income inequality

/Tag: Rising income inequality

Here’s How Much America’s Rising Income Inequality Is Costing Social Security

Just a few weeks into the 116th Congress, Democrats’ takeover of the House of Representatives has already exposed the huge gulf between what American voters want and what the previous House leadership and the Trump administration have thrust upon them in recent years. Congressional Democrats’ bold agenda—such as higher taxes on the rich, universal health care, and expanding Social Security—has

Economic inequality could cause U.S. debt downgrade, Moody’s says

Economic inequality isn’t just an academic idea, as the recent wave of populist voting has made clear. But a new report suggests that worsening inequality in the U.S. could have financial repercussions for the country. That report, out in early October from the credit-ratings agency Moody’s Investors Service, is called “Government of the United States: