Wealth Inequality

The economy is changing faster than ever before and this is expected to continue in the years to come. This will be driven by technological advancements, global competition, and demographic shifts. As the economy changes, so do the opportunities and challenges for businesses and workers. Those who have the greatest foresight and resources will be best positioned to take advantage of the changes …

Continue Reading about 7 Economic Trends May Lead to Greater Wealth Inequality

The American economy has changed in ways that favor those at the top. In the past, most Americans worked in manufacturing or agriculture. This meant that there were many opportunities for individuals to get good-paying jobs without a college degree. But today, these jobs have been replaced by service sector jobs that are often low-paying and provide few benefits. The economy today is based on …

Continue Reading about 7 Economic Trends are Favoring Those at the Top

Chances are that you consider yourself to be in the middle class—nearly everyone in the United States does. But, it can be tricky to define the middle class, as people's perceptions of their social class can vary widely. You may define it by income level or wealth, or regard it as a function of occupational status and educational attainment. You also can consider it a state of mind or a set of …

Continue Reading about Wealth Inequality and the Shrinking Middle Class

The classic American Dream was defined by upward mobility. The idea is that anyone, no matter their background or circumstances, can achieve success through hard work and determination. This dream was based on the premise that America is a meritocracy, where individuals are rewarded based on their ability and effort. The notion of a meritocracy—a social system in which power is distributed …

Continue Reading about Myths of Meritocracy: The Truth Behind Wealth Inequality