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Income inequality getting worse in urban areas

Income inequality has surged in the United States over recent decades, surpassing its previous peak in the 1920s. In 2016, the average income among the...
FED GOVERNOR Lael Brainard told a conference audience in Washington on Friday that the long-term vigor of the United States economy may be at risk as middle class households are squeezed by slow growth in income and wealth and rising costs for housing, health care and education. / BLOOMBERG NEWS FILE PHOTO/JOSHUA ROBERTS

Fed officials warn inequality is threat to what made U.S. great

NEW YORK –Federal Reserve officials offered a damning take on rising inequality in America and the corrosive effects it can have on the economy. Fed...

U.S. is a meritocracy but it’s still not fair

Much of the current debate about inherited wealth in a number of Western countries is informed by the notion that most of today’s top...

Elorza lays out plans to foster economic equality in inaugural address

PROVIDENCE – Delivering his second inaugural address Monday, Mayor Jorge O. Elorza called upon the city’s most powerful institutions to help solve Providence’s economic...

Report: Income inequality continues to grow in U.S.

PROVIDENCE - Income inequality in the United States has continued to grow in the years since the Great Recession, though the gap in Rhode...
PROVIDENCE RANKED NO. 3 for cities with the highest income inequality in a study of the largest metropolitan areas in the country and the most-populous cities in those areas. / PBN FILE PHOTO/MICHAEL SALERNO

Report: Providence ranks poorly for income inequality

PROVIDENCE – In 2016, Providence ranked No. 3 for highest income inequality among the most populous cities in the largest 100 metropolitan areas in...
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