Bard College economist Pavlina Tcherneva has cooked up a frightening and much-shared income-inequality chart (see above) — “the most important chart about the American economy you’ll see this year,” ...

Since 1979, income growth has risen at a faster rate for the country’s richest 1% — while only modestly growing for the bottom 99%. In other words, the American inequality problem is very real.

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While the U.S. economy outperforms other rich countries, it doesn’t feel that way for many Americans. Forty-two percent of Americans don’t have an emergency savings fund, while 40% can’t afford a ...

Steven Rattner, investment manager and former Obama administration “car czar,”argues (with lots of charts) in The New York Times for higher taxes and a bigger welfare state because, you know, ...

The divergence seems to be due to higher income groups benefiting disproportionately from policy changes and also because ...