In today’s weekly roundup, we wish to bring you up to speed on a few significant developments in certain industries. We know that the pharma industry is suffering and layoffs are being announced by major players in that sector. Even as healthcare spending soars, job losses seem to hit pharma companies negatively, an event which (more…)
U.S. Inequality Has an Effect on Election Campaign Financing In another revelation concerning U.S. inequality, the Paradise Papers have revealed that seven Republican super-donors contributed as much as $350.0 million to federal and state election campaigns in 2016. Meanwhile, the combined net worth of these these billionaires is estimated at $142.0 billion, much of which is held (more…)
Despite claims otherwise, the Trump tax proposal is again being criticized for disproportionately helping the wealthy while the middle class will receive less-than-promised, according to a new analysis released on Monday. People earning more than $730,000 a year would get an average cut of more than $37,000, according to the Tax Policy Center. This would (more…)
Home prices continue to skyrocket across the U.S. Gains in 20 U.S. cities accelerated in August while housing inventory remains tight, according to figures from S&P CoreLogic Case-Shiller released Tuesday.
The political turmoil in Washington is claiming everyday Americans as its victims. According to a study conducted by consulting firm Avalere Health, the premiums for the most popular health plans under the Affordable Care Act (ACA) or Obamacare, will be rising by an average 34% in 2018. While President Trump blames Obamacare for the rise (more…)
On the campaign trail, Trump promised to lower premiums. That isn’t happening. The number of Americans lacking healthcare is on the rise again. The U.S. uninsured rate inched up to 12.3% in the third quarter, the first rise in the uninsured rate since the Affordable Care Act (“Obamacare”) took effect in 2014. Rising premiums and (more…)
Southern and Eastern U.S. States Falling Behind the West The United States’ southern and eastern regions are falling behind the west. By and large, Americans living in the eastern and southern states have been witnessing slower income growth—or in some cases, shrinking incomes—than those living in the western and midwestern states.
Rich Getting Richer, Poor Remaining Poor in the United States The Federal Reserve’s new Survey on Consumer Finances finds that income inequality is widening between upper- and lower-class Americans, with the rich continuing to amass more wealth and the poor only seeing modest gains—or no gains at all. The report reveals that the income and wealth held by (more…)