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These Kids Need Oil and Natural Gas: 325 Million Children Live on Less Than $2 a Day

Vermont, with a population of just 625,000, consumes 16 million barrels of oil a year while Uganda, with 43 million people, uses less than 12 million barrels. The Infant Mortality Rate in Vermont is only 4 but in Uganda 56 babies out of 1,000 die within the first year of life. Massachusetts, a state with

The Nuclear Family Was a Mistake

“In my childhood,” Levinson told me, “you’d gather around the grandparents and they would tell the family stories … Now individuals sit around the TV, watching other families’ stories.” The main theme of Avalon, he said, is “the decentralization of the family. And that has continued even further today. Once, families at least gathered around the

Immigration integration: An opportunity to reunite America

With the Iowa caucuses and New Hampshire primary behind us, the election race intensifies and so too perhaps the rhetoric, positive and negative, about immigrants.  We believe there still exists an opportunity for incremental steps forward to re-unite our all too divided nation even in an election year. Moving beyond contentious debates and calls for

A cure for income inequality?

 Local leaders across the United States are turning to private donors to fund an out-of-the-box policy experiment they think could go mainstream: Giving cash to residents, no strings attached. Newark, Milwaukee and Stockton, Calif., are among the cities testing versions of what’s known as universal basic income, a program under which residents receive a set

The biggest financial commitments Americans are setting in 2020

Start investing early and don’t worry about starting with small sums — it will pay off over the long-term. Pay more attention to spending habits and flag unnecessary purchases — it will help you avoid or pay down debt. Lowering your living expenses, such as downsizing after a home sale, can be a wise move.

U.N. warns that runaway inequality is destabilizing the world’s democracies

Runaway inequality is eroding trust in democratic societies and paving the way for authoritarian and nativist regimes to take root, according to a dire new report from the United Nations. The findings note that solutions — including robust social safety nets, an active redistribution of wealth and the protection of workers rights — “have been recommended

Financial literacy 101 for Finns

The most cheerful people on the planet are about to get some help managing their finances. In Finland, which topped the most recent UN world happiness report, the central bank is drawing up a financial literacy strategy for citizens. The idea, conceived in a country that outperforms much of the rich world in education, is

The State Of Savings In America

Entering a new year is a time many begin setting goals for themselves. Time and time again, people start the year saying they are going to save more and spend less, so as 2020 begins, savings is once again top of mind. While many consumers set this goal, the state of savings in America shows

‘Parasite’ rich vs. poor theme evokes growing US wealth gap

In “Parasite,” the South Korean thriller that took home four Oscars Sunday night, including the award for best picture, the tension between rich and poor is on full display, juxtaposing the luxury and abundance of the haves with the hardship and squalor of the have-nots. It’s a theme that translates well to the U.S. — and

Could we eradicate poverty?

By John Hoffmire Those answering this question seem to have become more and more optimistic over the past several decades. Major advances in technology, education, healthcare and business practices have led to reduced poverty rates around the world. Although victory is still a long way off, it seems that we have a fighting chance in the

2020-02-17T05:54:53-06:00Tags: |

How to take the first step to financial independence in 30 minutes or less

There is a lot you can get done in a half-hour. Binge your favorite sitcom, take a nap or finish a chapter of a book. You can also take the first step to financial independence in under 30 minutes. Do you know your net worth? You don’t have to be a millionaire to figure it out.

Big Outbreaks Like The Coronavirus Actually Do Discriminate: Against the Poor and Most Needy

On Wednesday, the Centers for Disease Control and Prevention warned in a press conference that there is no end in sight to the rapidly expanding novel Coronavirus outbreak. As of Friday afternoon, there were 31,530 cases worldwide, including 12 in the United States, with estimates of 638 deaths, mostly in China. Dr. Nancy Messonnier, Director of CDC’s

6 facts about economic inequality in the U.S.

Rising economic inequality in the United States has become a central issue in the race for the Democratic presidential nomination, and discussions about policy interventions that might help address it are likely to remain at the forefront in the 2020 general election. As these debates continue, here are some basic facts about how economic inequality has changed over

Financial Wellness: The New Must-Have Employee Benefit

If you had a choice, what’s better: Free snacks and massages, or a financial wellness program that can address the No. 1 concern of your employees — financial stress? The Aha Moment In Waiting The transformative nature of employee financial wellness is still not widely appreciated in corporate America. There hasn’t been a fundamental shift

Inequality in America in 6 charts

The Democratic Iowa caucuses happened on Monday, and inequality has been one of the biggest issues in the nascent presidential campaign. Among the frontrunners in the race, Senators Bernie Sanders and Elizabeth Warren have made inequality and related issues central to their campaigns. Both candidates support drastically raising taxes on the wealthiest Americans, along with programs like

What the Poor Think of the Rich

The core of the American Dream — equality of opportunity and rewards commensurate with efforts and abilities — has enchanted millions of people across the globe. However, it is important to assess whether the reality bears out that ideal. Although two-thirds of Americans (69 percent) agree with the statement that “people are rewarded for intelligence

2020-02-05T07:44:14-06:00Tags: |

All of the World’s Wealth in One Visualization

Americans control almost 30% of the entire world’s wealth. Other countries aren’t that far behind anymore, and when measured collectively, Asia already boasts a higher total. That’s according to a new global wealth report from Credit Suisse. The U.S. remains by far the richest country in the world, controlling some $105.99T of wealth, or almost 30%

How $98 trillion of household wealth in America is distributed: “It’s very depressing”

The gap between rich and poor in America is the worst it's been in more than a half century. It's a concern cited by every leading Democratic presidential candidate in the 2020 election, but many may not realize what it actually means. If a pie represented the estimated $98 trillion of household wealth in the United States, nine pieces,

Cumberbatch, Colman among stars urging action on climate and poverty

Olivia Colman, Benedict Cumberbatch and Malala Yousafzai are among 2,000 leading activists, campaigners and public figures who have backed an open letter demanding urgent action to end extreme poverty, conquer inequality and fix the climate crisis. Directed at the world leaders who in 2015 agreed a series of UN global goals – including tackling gender inequality,