“Unlike some other calculations, those relating to poverty have no intrinsic value of their own. They exist only in order to help us make them disappear from the scene…. With imagination, faith and hope, we might succeed in wiping out the scourge of poverty even if we don’t agree on … Continue reading
Category Archives: Wealth
The Players
Top Ten Economies, Real Gross Domestic Product (GDP) Real GDP Manufacturing Manufacturing Trillions $ Percent Trillions $ United States 20.94 11 2.30 China 14.72 27 3.97 Japan 5.05 20 1.01 Germany 3.84 18 0.64 United Kingdom 2.08 9 0.19 India 2.66 14 0.37 France 2.63 9 0.24 … Continue reading
Distribution of Wealth in the U.S.
April 22, 2017 The Wealth Distribution In the United States, wealth is highly concentrated in relatively few hands. As of 2013, the top 1% of households (the upper class) owned 36.7% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 52.2%, which … Continue reading
Poor Suburbia
A report (in English only) by the Brookings Institution dated July 31, 2014 analyzing in great detail how, beginning in 2000, poverty has taken over the suburbs of the 100 largest metropolitan areas in the United States.
8 Men as Wealthy as 3.5 Billion People
January 15,2017 OXFAM reports that new estimates show that just eight men own the same wealth as the poorest half of the world. Yes, 8 men versus 3.5 billion people. Coincidentally no doubt, their native languages coincide with the first and last truly global empires since 1492.
Extreme Poverty Worse For Men
April 3, 2016 Writing for the U.S. Bureau of Labor Statistics, Eleni Karageorge reports that researchers in the National Bureau of Economic Research have found that men who experienced poverty as children suffered greater economic consequences than women who grew up in poverty. Gender differences in employment rates varied. Among … Continue reading