Income & Output
Income & Output Articles
Even as economic activity around the world declined sharply in 2020 as a result of the COVID-19 pandemic, many nations still reported very high per capita gross national incomes. Across the globe,...
Published:
Inventory in the U.S. housing market hit a record low in 2021 as household growth, low interest rates, and the COVID-19 pandemic fueled a surge in demand for homes. The resulting inventory crunch has...
Published:
Globally, the World Bank predicts that the effects of the pandemic will have pushed somewhere between 88 million and 115 million people into extreme poverty some time this year. A number of Americans...
Published:
The United States has the highest income inequality of all G7 nations, and that gap has been widening for over 40 years. During this time, CEO pay has skyrocketed, increasing by over 1,300% since...
Published:
Oil magnate John D. Rockefeller is said to have become America’s first billionaire in 1916. Now, there are 2,755 billionaires in the world, with around 724 in the United States, according to...
Published:
The terms wealth and income inequality have been used frequently to describe the widening gulf separating rich and poor across the globe and within individual countries. To find the extent of wealth...
Published:
The U.S. is currently grappling with a massive labor shortage. Due to early retirements, child care needs, and potential COVID-19 risks at work, the pandemic has pushed millions of Americans out of...
Published:
Unemployment in the United States has improved substantially from the early days of the pandemic and now hovers near historic lows. Still, the U.S. job market remains in uncharted territory as...
Published:
The lowest-paid American workers are so often the people with whom we interact the most in our daily lives. They’re not just the people who prepare and serve our food, but also just about any...
Published:
The American divorce rate is at its lowest level in decades, with just 14.9 out of every 1,000 marriages ending in divorce. Still, over 746,000 married couples decided to split up in the last year....
Published:
Salaries differ massively across the globe and highlight how much or little people live on to get by. Several different factors affect salaries including work opportunities available in a country, a...
Published:
The IRS audits around 300,000 filings each year, but double-checking your filing and avoiding some simple mistakes could help ensure that your return does not land on the dreaded audit list. To...
Published:
In 2020, at a time when many people were looking for a job, scammers were hard at work trying to trick Americans out of their money. Throughout the year, law enforcement reported 4.7 million...
Published:
The Federal Reserve and Treasury Secretary Janet Yellen said last May that they didn’t anticipate inflation to be a major problem and that any rise in prices would be temporary. Both the Fed and...
Published:
The so-called 1% of a nation’s highest earners have become one of the most politicized cohorts in our society. They have been criticized for exercising disproportionate power in the economy and in...
Published: