income-inequality
6 stories related to this topic, newest first.
New York PostJeff Bezos Calls for Zero Federal Income Tax on Bottom Half of Earners
Amazon founder Jeff Bezos said the bottom half of U.S. earners should pay no federal income tax. He argued the change would help struggling families and noted the government does not need the revenue.
ForbesJeff Bezos Calls for Zero Federal Income Tax on Bottom Half of Earners
Amazon executive chairman Jeff Bezos said the bottom half of U.S. earners should pay no federal income tax. He argued the change would help lower-income workers and said he would discuss the idea with officials.
themandarin.com.auWage Growth Concentrated Among Higher-Income Households in April
Higher-income households saw after-tax wage growth of 6 percent year-over-year in April while lower-income households experienced only 1.5 percent growth that barely offset rising gas costs, according to Bank of America Institute data. Overall consumer credit and debit card spend…
marketwatch.comU.S. Consumer Sentiment Falls to 49.8 in April Amid Mixed Economic Signals
The University of Michigan’s final April reading marked the lowest in the survey’s 74-year history, with three of the four worst readings occurring in the past nine months. Economists pointed to squeezed real wages amid 4% inflation and national average gas prices above $4.55 a g…
insidermonkey.comFast Food Chains Report Divergent Q1 2026 Sales Amid Split Consumer Spending
Restaurant companies including McDonald’s, Taco Bell, Papa John’s and Wingstop posted varied same-store sales results in the first quarter of 2026. Higher-income consumers continued spending while lower-income households reduced visits to some chains. Bank of America Research att…
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investopedia.comTop 20% of US Earners Hold 56.4% of Total Real Estate Value
The top 1% of US earners own $6.1 trillion in real estate, a record amount. The next 19% hold $21.0 trillion, also an all-time high. Combined, the top 20% control $27.1 trillion, representing 56.4% of all US real estate.