Headlines from Across the MAP
Oct 14, 2021The middle 60% of U.S. households by income -- a measure economists often use as a definition of the middle class -- saw their combined assets drop to 26.6% of national wealth as of June, the lowest in Federal Reserve data going back three decades. For the first time, the super rich had a bigger share, at 27%.
- Bloomberg: "Top 1% of U.S. Earners Now Hold More Wealth Than All of the Middle Class"
- Barrons: "The Labor Shortage Is Getting Worse. A Return to ‘Normal’ Looks Questionable"
- World Economic Forum: "Greece has introduced a fleet of postal robots to speed up its service"
- The New York Times: "There Is Shadow Inflation Taking Place All Around Us"
- Schwab: "Inflation: Persistently Transitory"
- Bloomberg: "Global Energy Crisis Is the First of Many in the Clean-Power Era"
- The Guardian: "What the US unemployment rate doesn’t tell you"
- The New York Times: "‘It’s Not Sustainable’: What America’s Port Crisis Looks Like Up Close"
- CNBC: "More than 300,000 women left the labor force in September"
- Asia Times: "Gobbling China’s exports, US sinks into dependency"
