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Nelson Schwartz, author of The Velvet Rope Economy, says special privileges for the super-rich are dividing America: "The result is less sympathy, less empathy and a sort of a harder-edge society."
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The resignation of Carlos Cordeiro, who served for two years as the president of the governing body, is effective immediately. He is replaced by the federation's vice president, Cindy Parlow Cone.
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A new survey of Americans across all income brackets captures some surprising views about their economic experience and expectations of success.
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Stephen Easterbrook got a $42 million exit package after his relationship with an employee violated company policy. In 2018, he made 2,124 times more than the median income of a McDonald's employee.
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A new study by the International Monetary Fund finds that advanced nations have seen a rise in regional inequality since the 1980s.
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For years after the Great Recession, employers were reluctant to boost wages. Now a tight labor market is giving workers the leverage they need to demand a larger slice of the nation's economic pie.
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It's one of the more counterintuitive patterns in this year's election data. But why is it happening?
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A newly released report says some areas of the U.S. have recovered from the Great Recession much more than others.
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Lydia Smith, 87, is one of the 2.6 million women ages 65 and over living at or below the poverty line. Older women are more than twice as likely as men to live in poverty.
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A new book and study both show that the ability to rise from poverty to the middle class truly is shrinking. A child without married, educated parents starts life at a huge and worsening disadvantage.