Sentences with phrase «wealth gap»

The phrase "wealth gap" refers to the unequal distribution of money and assets between different groups of people in a society. It shows the difference in wealth and income between those who are rich and those who are poor. Full definition
It's a sad but true fact that there's a generational wealth gap in this country.
Many experts believe that more — successful — black - owned small businesses will be one of the keys to closing the racial wealth gap.
One of the key reasons for the widening wealth gap is because the rich invest their savings, while the not rich tend to spend.
Just a more politically palatable explanation for the attempt at a wealth grab to supposedly close the income and wealth gap among countries and within countries.
As wealth gaps grow, could traffic tickets be charged based on an offender's income, rather than solely on their offense?
But a worsening wealth gap has caused homelessness to surge.
Since the typical young student debtor household has about $ 13,000 in outstanding student loan obligations and the overall wealth gap is much larger, clearly other factors are also at work.
In addition, more schooling isn't going to close the racial wealth gap.
I think the industry's growth will continue to be solid, but I do wonder whether the widening wealth gap might adversely impact luxury consumption in the future.
Scholars now describe HOLC's property evaluations and risk management procedures, along with the practices of the Federal Housing Administration, Veterans Administration, and U.S. Housing Authority, as significant contributions to the continuation of racial segregation, intergenerational poverty, and enduring wealth gap between white Americans and minorities in the U.S.
The report states that the mortgage interest deduction exacerbates racial inequality and widens the racial wealth gap by distributing the annual $ 71 billion federal disbursement to primarily white, high - income homeowners.
Diane Bell - McKoy is President and Chief Executive Officer of Associated Black Charities, a Maryland - based public foundation founded in 1985 focused on closing the health and wealth gaps for citizens of Maryland especially African Americans and thus changing the economic outcomes for the state.
With the debut of the new S - Class Cabriolet at the 2015 Frankfurt International Motor Show, Mercedes - Benz is leveraging an increasing wealth gap in the United States as well as growing economies in other parts of the world to sell a new flagship, mega-buck machine.
Many of the cities reflect home values that have outpaced wages over the past 15 years, causing their neighborhoods to mirror a broader national wealth gap.
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One reason major cities see such a wide wealth gap is that when new generations of workers cluster there, density increases and, therefore, so does property cost and competition.
However, research in Conservation Letters asks if these measures are repeating the mistakes of the «War on Drugs» as they lack a long - term strategy to tackle the growing wealth gap between African areas of supply and Asian centers of demand, which remains a central dynamic to the problem..
I strongly believe rising home equity has been the BIGGEST reason for the widening wealth gap over the past several decades.
And to the degree that Millennials remain financially unready to buy, the risk is that the already - yawning wealth gap between owners and renters widens further.
It'll have a particularly deleterious effect on minority buyers, who've already been disproportionately hurt by the housing downturn (read «Minority Wealth Gap Suggests a Cautious Future»).
The reports constantly chide Ontario for «cluster underperformance,» a factor apparently responsible for $ 5,300 of the $ 7,500 per capita wealth gap between Ontario and its North American peers.
OTTAWA — Assessing the way the rich and the corporate - CEO class have reshaped the distribution of income in their favour, contributing to today's glaring wealth gap, Nobel Prize - winning economist Joseph Stiglitz put it like this: «Those at...
This super-rich wealth gap is the fourth largest of any North American city and 19th in the world.
A new report from Oxfam demonstrates just how large the global wealth gap has gotten.
I also don't think it's a plus to say that Cuomo would have punished the WFP and that endorsing him - regardless of his adding to the dangerous wealth gap in our state - avoided a spanking.
Despite this progress, wages have stagnated, racial and gender wealth gaps remain, and costs have gone up.
Based on the tax rates of other nations, and the lower wealth gaps they have, one could come to the conclusion that yes, higher tax rates can help distribute the wealth more evenly.
States and districts must recognize that large pay and retirement wealth gaps exist despite the use of uniform salary schedules.
Finally, while it is true that women tend to live longer than men, longer life does not eliminate the pension wealth gap, and it also requires women to live well into their 80s and 90s.
Looming wealth gap increases, one strap backpacks, pencil grips, nonsensical pop band names, Frank Lloyd Wright!»
In 2009, households headed by older adults had a median net worth of $ 170,494 compared with just $ 3,662 for those headed by younger adults, revealing that the age - based wealth gap has grown from a 10:1 ratio in 1984 to a stunning 47:1 in 2009.
In addition, the Sisters created or took over publications like Commentary and First Things, which scoop up people who are e.g. anti-abortion or pro-Israel and brainwash them into being e.g. global warming deniers and pro wealth gap and corporate malfeasance.
Access to capital and the historical wealth gap is an incredible hurdle for minority female would - be entrepreneurs, so we often join young start - ups or adapt existing technology as our way of making our mark.
Income status is but one variable — the racial wealth gap rears its ugly head when it comes to the break.
One of the sources of the persistent wealth gap between minorities and whites in America is the gap in homeownership rates.
From 2005 to 2009, the median net worth of Hispanic households dropped by 66 percent while net worth fell 53 percent among black households, said the report, Wealth Gaps Rise to Record Highs Between Whites, Blacks and Hispanics.
Many of the cities reflect home values that have outpaced wages over the past 15 years and contributed to a widening wealth gap among neighborhoods that mirrors a national trend.
I was a statistical anomaly growing up in New Orleans: a black boy from a relatively well - off family in a city with one of the widest racial wealth gaps in the country.
Many of the cities reflect home values that have outpaced wages over the past 15 years, causing their neighborhoods to mirror a broader national wealth gap.
Just knowing that you're doing something to beat the millennial wealth gap can make you feel better about the situation — and will likely set you up for a brighter fiscal future than if you did nothing at all.
Its citizens are more vocal, and the government more responsive to their grievances — economic rather than political: the high cost of living, the wide wealth gap and the inflow of migrants.
In a federation that gives the provinces control over natural resources, Eastern Canada has to think strategically about how it addresses its growing wealth gap with its neighbours.
The St. Louis report, published in August, revealed a racial wealth gap among college graduates.
While the comparison isn't exactly apples to apples, the BLS data and that of Equilar's does suggest that wealth gap between CEOs and U.S. workers has been gradually widening: In 2015, CEOs were paid 247 times more than an average worker.
Andrew Ross Sorkin sits down with billionaire Ray Dalio of Bridgewater Associates, the world's largest hedge fund, to discuss tax reform, leadership and the wealth gap.
Last fall, during an appearance on Meet the Press, Dimon said he thought cutting the pay checks of CEOs would do little to close the nation's wealth gap.
The wealth gap between homeowners and renters is enormous.
«It's one of the key drivers of the skills gap, income gap, and wealth gap
It is an interesting time for American capitalism: Even as big financial institutions continue to rebound from the depths of the Great Recession, there is a growing unhappiness with the wealth gap, whether real or perceived.
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