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1 min read

Anthropic CEO says we need to think bigger than a universal basic income if we want to solve the AI inequality problem

Anthropic CEO Dario Amodei says AI will change the economy so drastically that a universal basic in…

Lakshmi Varanasi   


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5 mins read

Welcome to the age of geriatric millionaires

Millionaires have been getting older, and holding onto their wealth for longer. It's creating a Kin…

Juliana Kaplan   


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2 mins read

Here's an idea: a worldwide universal basic income paid for by a carbon tax. A study found that it could boost the global GDP by 130%.

A global universal basic income funded by carbon taxes could grow the global GDP by 130% while prom…

Katie Balevic   


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1 min read

The top 4 ways big corporations are fueling global wealth inequality: report

In its annual inequality report, Oxfam International found it will take some 230 years to solve pov…

Katie Balevic   


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4 mins read

Kenya is experimenting with universal basic income. Here's what the US could learn about no-strings payments.

Kenya's universal basic income program, which will continue through 2030, is offering no-strings ca…

Allie Kelly   


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3 mins read

India wants to be the new China. Modi's shock election result shows it won't be easy.

Decision-making and policy changes in the world's largest democracy will take far longer than they …

Huileng Tan   


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2 mins read

Inequality rising since 2000s, top 1% in India holds 40% wealth, says study

Inequality in India has skyrocketed since early 2000s, with the income and wealth share of top 1 pe…

PTI   


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6 mins read

The big lie about sleep

When it comes to slumber, what matters most is how rich you are.

Jeremy Ney   


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1 min read

Wealth inequality and 'billionaire supremacy' have gotten so bad that at this rate, it will take 230 years to end poverty

Oxfam International said top billionaires have become $3.3 trillion richer since 2020. Meanwhile, 6…

Katie Balevic   


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2 mins read

Don't feel bad for Gen Z and millennials they'll work less and live longer, Jamie Dimon says

JPMorgan CEO Jamie Dimon said Gen Zers and millennials would probably work just 3.5 days a week, av…

Theron Mohamed   


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4 mins read

To feel middle class, you have to be wealthy

Middle-income Americans aren't middle-class; that's reserved for the rich now.

Juliana Kaplan   


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3 mins read

Over half of Gen Z and millennials are living paycheck to paycheck — and college is one of the first things they're cutting from their budgets

A new Deloitte report found that the cost of living is a key reason millennials and Gen Z are choos…

Ayelet Sheffey,Juliana Kaplan   


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9 mins read

Welcome to the red-hot blue-collar job boom

Walmart and UPS offer six-figure salaries and lucrative benefits. White-collar workers, meanwhile, …

Juliana Kaplan   


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3 mins read

Incomes are either rising too slowly or falling at the lower end of the bracket

India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…

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4 mins read

Arizona is a cautionary tale for school vouchers as a wave of states are giving parents cash to send their kids to private school

A new Brookings report found Arizona's universal education savings accounts are primarily going to …

Ayelet Sheffey   


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7 mins read

Meet the millennials who made all the right money moves in the pandemic economy and are suddenly wealthy

Millennials' average wealth doubled in the last four years, leaving some surprised to realize that …

Juliana Kaplan   


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5 mins read

Why so many Gen Zers are struggling to find a connection to work, school, and a sense of purpose

People between the ages of 14 and 24 are in their decisive decade. Many of them are dropping out of…

Allie Kelly,Noah Sheidlower   


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7 mins read

Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty

India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…

Theron Mohamed   


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2 mins read

Russia's economic survival hinges on prolonging the Ukraine war, think tank expert says

"Should the authorities attempt to halt militarization, a hard landing could add pressure to the go…

Filip De Mott   


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3 mins read

Sorry, America, it's looking like higher interest rates are going to stick around longer

Still-elevated inflation and a job market that won't quit mean predictions for interest rate cuts i…

Ayelet Sheffey,Madison Hoff