The percentage of income spent on tuition has greatly increased for the poorest Americans, but has remained relatively stable for the wealthiest quintile.
–from The New York Times
The cost of living in Singapore has grown considerably in the past year making it the most expensive city in the world, followed by Paris, Oslo, and Zurich.
–from The Economist
Between 2008 and 2014, an additional 15% of Americans view themselves as lower class, with 6% falling from upper to middle and another 8% dropping below middle.
This chart, which maps civil unrest to food prices, shows that the higher food prices go, the more likely, and more frequent, civil unrest becomes.
Though the income for the top 1% have remained comparatively flat, the incomes for the top .1% and .01% of Americans have launched, keeping a steady pace with stock market gains.
–from The Atlantic
Inter-generational social mobility in the US, recently suspected to be in decline, is actually quite stable. What is quite different, however, is the geography of mobility. Some metro areas experience great mobility, others have dire generational poverty issues. So the overall pattern has not changed, but the part of America a child is born into greatly affects lifetime mobility. The highest mobility is in Salt Lake City, Pittsburgh, and San Jose. The lowest is in Raleigh, Atlanta, and Charlotte.
The richest .7% of the world’s population controls $99 trillion dollars, while the next 7.7% owns another $102 trillion. The bottom two-thirds, by comparison, own $7.
The Gatsby Curve, or the relationship between inequality and inherited wealth, places the US in a very unequal position comparable to Spain, the UK, or Italy.
–from Business Week
The number of Canadians identifying as middle class has fallen 19% since 2002. This mirrors similar patterns in the US.
from The Toronto Star