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Browsing Tag

wealth inequality

13 posts
AArtificial intelligence
With a $15 billion net worth, Palantir CEO Alex Karp predicts he will get 20x richer from AI—but that middle-class workers will get just modest raises
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With a $15 billion net worth, Palantir CEO Alex Karp predicts he will get 20x richer from AI—but that middle-class workers will get just modest raises

  • July 18, 2026
The artificial intelligence boom has propelled Palantir‘s market value to roughly $322 billion—and pushed CEO Alex Karp‘s net…
EEconomy
What Elon Musk's trillion could mean: More than double South Africa's economy, over 200 trips to the moon
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What Elon Musk’s trillion could mean: More than double South Africa’s economy, over 200 trips to the moon

  • June 12, 2026
How do you measure a trillion dollars? Start with the zeroes. A trillion is written as $1,000,000,000,000 —…
SSpace
Meet the SpaceX employees who could become multimillionaires thanks to its IPO—even welders
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Meet the SpaceX employees who could become multimillionaires thanks to its IPO—even welders

  • June 11, 2026
As markets brace for what could become one of the most consequential public offerings in modern history, Elon…
NNews
Australia hits its highest number of billionaires on record, with total wealth reaching $686b: Oxfam
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Australia hits its highest number of billionaires on record, with total wealth reaching $686b: Oxfam

  • June 1, 2026
Australia has its highest number of billionaires on record, at 178 — an increase of 17 from last…
EEconomy
China should learn household balance sheet lessons from US subprime crisis: report
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China should learn household balance sheet lessons from US subprime crisis: report

  • May 26, 2026
China should draw on American experience to better understand the strains the property downturn and falling home prices…
BBusiness
'Biggest Wealth Divide in Modern History': Graphic Shows Shocking Reality of US Economy
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‘Biggest Wealth Divide in Modern History’: Graphic Shows Shocking Reality of US Economy

  • May 23, 2026
Multiple polls and surveys released in recent days have shown US consumer sentiment cratering—and all the while, the…
PPersonal finance
wealth inequality, poverty, social experiment, class, viral video
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A millionaire swapped lives with a struggling family for a week on a $230 budget. The money wasn’t what broke him.

  • April 26, 2026
Starting a hobby and keeping at it can be difficult. A person might feel discouraged because they aren’t…
CChicago
We have work to do lessening financial vulnerability in Cook County
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We have work to do lessening financial vulnerability in Cook County

  • March 5, 2026
If you want to understand Americans’ financial future, start by looking at the financial health of Chicagoans. Drive…
NNews
Reducing inequality means taxing capital more — including inheritances
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Reducing inequality means taxing capital more — including inheritances

  • February 22, 2026
Treasurer Jim Chalmers and the new shadow treasurer, Tim Wilson, both say they are keen to do something…
EEconomy
Concentrated spending by the wealthiest Americans can be seen in Apple's latest quarterly earnings, which reported double-digit growth in iPhone sales.
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High-income spenders are propping up the economy

  • November 1, 2025
A slim slice of consumers in the top quintile of incomes is doing the majority of spending in…
United States
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