BUSINESS
July 6, 2007 | Associated Press
WASHINGTON -- Income differences in the United States are too stark, and the government should provide jobs and training for those having a tough time, according to majorities in a national poll released yesterday . About seven in 10 said discrepancies between income levels are too large, a sentiment voiced by nearly two-thirds of those from households earning at least $80,000 a year, the survey said. Three-fourths of people earning less than $80,000 agreed. Eight in 10 said the gap between the rich and the middle class has expanded over the last 25 years, said the survey by the University of...
NEWS
November 9, 2011 | By Meghan E. Irons, Globe Staff
Poverty has deepened in Boston's poorest neighborhoods, widening the gap between the city's wealthiest and neediest residents, a report being released today finds. The study points to concentrated need in Dorchester, Mattapan, and Roxbury, where 42 percent of children live in poverty, the densest cluster of childhood poverty in the state, according to the study sponsored by the Boston Foundation. In those communities, 85 percent of families are headed by a single parent, mainly mothers, and at least 20 percent of the adults have no high school diploma.
BUSINESS
November 13, 2007 | Associated Press
WASHINGTON - The income gap between black and white families has grown, says a new study that tracked the incomes of some 2,300 families for more than 30 years. Incomes have increased among both black and white families in the past three decades - mainly because more women are in the workforce. But the increase was greater among whites, according to the study, being released today. One reason: Incomes among black men have actually declined in the past three decades, when adjusted for inflation.
NEWS
October 30, 2011 | Associated Press
WASHINGTON - President Obama is banking on a new report detailing the income disparity in the country as further evidence of the need for his $447 billion jobs bill. A report this past week by the Congressional Budget Office found that average after-tax income for the top 1 percent of US households had increased by 275 percent over the past three decades. Middle-income households saw a 40 percent rise. For those at the bottom of the economic scale, the jump was 18 percent.
NEWS
August 14, 2010 | Associated Press
BEIJING — China’s rich may be hiding up to $1.4 trillion, equal to a third of the country’s GDP, according to a report that attempts to put a number on the country’s corruption-fueled “gray income.’’ The estimates also offer a troubling indication that the income gap between China’s rich and poor is much wider than official figures suggest. The Credit Suisse-sponsored report, issued this week by the economic think tank China Reform Foundation, attempts to calculate total real earnings based on spending patterns of about 4,000 households.
BUSINESS
October 21, 2011 | Associated Press
WASHINGTON - Fifty percent of US workers earned less than $26,364 last year, reflecting a growing income gap between the nation's rich and poor, the government reported yesterday. There were fewer jobs, and overall pay was trending down - except for the nation's wealthiest. The number of people making $1 million or more soared by over 18 percent from 2009, the Social Security Administration said, citing payroll data based on W-2 forms submitted by employers to the Internal Revenue Service.