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Mojo ♻️Sep 19, 2024

People tend to underestimate just how wealthy the world’s richest individuals are, a new study reveals. Increasing income inequality in many countries is being driven by massive gains among the top 1% of earners.
#incomeinequality #wealthgap #top1percent #globalwealth #economics #inequality #richestpeople #wealthdistribution #economicstudy #socialjustice

https://phys.org/news/2024-09-people-underestimate-income.html

People underestimate the income of the top 1%, researchers find

People selectively underestimate how rich the world's richest people are, according to a study. Increasing income inequality in many countries is driven by steep gains among the top 1% of earners. In the United States, support for policies that would redistribute wealth has not increased since the 1970s, even as the share of incomes held by the top 1% of Americans jumped from 10% to 19%.

Phys.org
U.S. Politics in Real TimeJan 28, 2024

Study: Greedflation Accounts for 53 Cents out of Every Dollar of Inflation Over Past 6 Months

https://truthout.org/articles/greedflation-accounts-for-53-cents-of-every-dollar-of-inflation-in-past-6-months/

#Inflation #Greedflation #EconomicStudy #PriceRise #ConsumerCosts #InflationFactors #Politics #News

Study: Greedflation Accounts for 53 Cents out of Every Dollar of Inflation Over Past 6 Months

With the 2024 presidential election looming, 96 percent of Americans say inflation is an important issue to them.

Truthout