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The inequality of wealth (i.e. inequality in the distribution of assets) has substantially increased in the United States in recent decades. [2] Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts. [3][4]
The COVID-19 pandemic has had an unequal impact on different racial and ethnic groups in the United States, resulting in new disparities of health outcomes as well as exacerbating existing health and economic disparities . The pandemic struck the United States in March 2020, causing almost 2 million known cases by June 1, 2020. [ 1]
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...
Income inequality has fluctuated considerably in the United States since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950 and 1980. The U.S. has the highest level of income inequality among its (post-)industrialized peers. [1]
Joseph Stiglitz The study found the decline in progressivity since 1960 was due to the shift from allocation of corporate income taxes among labor and capital to the effects of the individual income tax. Paul Krugman also supports this claim saying, "The overall tax rate on these high income families fell from 36.5% in 1980 to 26.7% in 1989." From the White House's own analysis, the federal ...
States, territories, and counties that issued a stay-at-home order in 2020. State, territorial, tribal, and local governments responded to the COVID-19 pandemic in the United States with various declarations of emergency, closure of schools and public meeting places, lockdowns, and other restrictions intended to slow the progression of the virus.
The COVID-19 pandemic impacted Indigenous settlements (in the U.S.) particularly hard. A range of factors disproportionately impacted indigenous settlements perpetuating poverty, food insecurity, strain on community health, family strain, socioeconomic struggle, and poor physical as well as mental health status.
Valerie Rawlston Wilson is an American labor economist who directs the Economic Policy Institute ’s Program on Race, Ethnicity, and the Economy. She researches and writes about economic inequality in the United States in employment and training, income and wealth disparities, access to higher education, and social insurance. [1][2][3][4]