The foreclosure crisis that drove approximately 9 million people across the United States from their homes disproportionately displaced black and Latino households and led to a spike in segregation along racial lines, a new study finds. In fact, displacement was so dramatic that Matthew Hall, assistant professor at Cornell University and lead author of the…
As record-breaking cold weather sweeps across the nation this week, reports from around the nation show how the U.S. homeless population — which has risen dramatically in recent years — are being hit the hardest in the wake of slashed funding that has left shelters overburdened and public services at their breaking point. From Springfield,…
The gulf between rich and poor people in America has hit a new record. An analysis released Wednesday by Pew Research Center finds that the wealth gap between the top 21 percent of families and everyone else is the widest since the Federal Reserve began collecting such income data 30 years ago. Last year, the…
While wages have declined across all sectors in the years following the financial crash of 2008, low-paid workers have been hit the hardest, the National Employment Law Project (NELP) reported this week. NELP analyzed five groups of median wages in its report, titled An Unbalanced Recovery: Real Wage and Job Growth Trends. Since 2009, while…
Increasing income inequality is hindering U.S. economic growth and weakening the country’s ability to recover from the Great Recession, according to a new analysis by the financial services agency Standard & Poor’s. The report released Tuesday incorporates data from the Organisation for Economic Cooperation and Development (OECD), the Congressional Budget Office (CBO), and the International…
