Earlier this year, the Vice President, J.D. Vance, proclaimed, I want more babies in the United States of America. And he’s not alone in ringing the alarm bells about collapsing birthrates. But he will have his work cut out. Nearly one half of all U.S. adults under fifty say they are unlikely to ever have …
Sectoral balances show how the government, private sector, and rest of the world each run surpluses or deficits, and how these positions must add up so that one sector’s borrowing is financed by another’s lending. They reveal who is funding whom in the economy, but they do not explain why these imbalances occur or whether …
The Gini coefficient is a standard measure of inequality that summarises how unevenly income or wealth is distributed within a country. It ranges from 0 to 1, where 0 represents perfect equality — everyone has exactly the same income — and 1 represents perfect inequality, where a single person holds all income and everyone else …
Statistics on US Inequality Top 1% Since 1980, there has been a sharp increase in income inequality. The top 1% of Income earners have seen the share of income rise from 10.5% to 19%. The income share of the bottom 50% has fallen from 21% to 14% Top 0.1%. It is estimated the wage share …
This year the stock market has reached several record highs. Yes, as the assets of the wealthy continue to soar, there is another economy. It is one of rising living costs, poor job prospects and a disconnect from the wealth of Wall Street. In the second quarter of 2025 the top 10% of wealthiest Americans …
At least the budget is over; months of speculation, leaks and u-turns have made it one of the most feverish of budgets. This budget fever even slowed down the economy, with consumers holding back to see what taxes would go up. In the end, the budget basically boils down to more spending, more tax and …
Wealth inequality has increased in recent years, whilst many struggle to live. But a French economics professor, claims there is a solution – a 2% wealth tax on fortunes worth more than €100 million, which he claims would raise €20 billion a year. It is certainly very popular, but would it work? Over the past …
Last year’s budget saw the 2nd highest level of tax rises ever, but there was a hope the chancellor wouldn’t have to come back for more. But, after 12 months of bad news on the economy, OBR downgrading growth, and borrowing coming in higher than expected, the chancellor faces yet another black hole of at …