income gap

The racial income gap shrank between Gen Xers and millennials

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The racial income gap shrank between Gen Xers and millennials

The income gap between white and Black young adults was narrower for millenials than for Generation X, according to a new study that also found the chasm between white people born to wealthy and poor parents widened between the generations. By age 27, Black Americans born in 1978 to poor parents ended up earning almost … Read more

Analysing the rising gap in incomes

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Analysing the rising gap in incomes

According to a recent report by the State Bank of India (SBI), India has witnessed a significant fall in inequality over the last decade. Examining taxpayer data, the report claims that the Gini coefficient — a standard measure of inequality that ranges from 0, indicating perfect equality, to 1, indicating perfect inequality — has fallen … Read more