Fewer and fewer people are feeling middle class these days.
The share of Americans who describe themselves as middle class has taken a tumble, while the percentage who identify as lower class has soared over the past six years, according to a recent survey by the Pew Research Center/USA Today. The share of Americans who consider themselves upper class has also shrunk.
This downward shift is likely due to falling wages and MORETami Luhby - Jan 28, 2014 6:00 AM ET
The richest people in the world are very, very rich.
The fat cats at the top control nearly all the world's wealth, according a report from Oxfam, an anti-poverty group.
The bottom two-thirds, meanwhile, own just a tiny sliver.
Oxfam released the report ahead of the World Economic Forum, which called widening income inequality one of the greatest worldwide risks in the next 12 to 18 months.
Pope Francis called on global leaders gathering MORETami Luhby - Jan 22, 2014 9:47 AM ET
Bosses actually are happier.
So says a new Pew Research Center study that found bosses are more likely to be "very satisfied" with their jobs, family life and financial situation than their underlings.
And more bosses than workers say they plan to stay put, especially since nearly two-thirds think they are compensated fairly for their efforts.
Share your story: Do bosses have it better than workers?
But when it comes to gender workplace issues, MORETami Luhby - Jan 9, 2014 10:45 AM ET
Closing New York City's income gap is at the top of new Mayor Bill de Blasio's agenda.
In his inaugural address, the city's first Democratic mayor in two decades said: "We are called to put an end to economic and social inequalities that threaten to unravel the city we love."
But that will be a Herculean lift. A new report from the City University of New York's Graduate Center shows that the MORETami Luhby - Jan 9, 2014 10:05 AM ET
Americans are much more likely to have trouble paying medical bills or getting a quick appointment with a doctor than their peers in 10 other high-income, industrialized countries, according to a new study.
Even Americans with insurance are more likely to forgo care because of high costs and to struggle to pay big bills, according to the survey, conducted by The Commonwealth Fund. And the United States spends far more on MORETami Luhby - Nov 14, 2013 5:00 AM ET
Don't be surprised if you're shelling out more for health care on the job next year.
After several years of relatively moderate spending increases, health care costs are set to jump in 2014.
Employees will spend just under $5,000 on premiums and out-of-pocket expenses next year, according to new research by Aon Hewitt, an employee benefits administrator. That's up 9.5% from the year before.
This is because overall health care spending will increase MORETami Luhby - Oct 22, 2013 5:00 AM ET
Want to earn some cash? Create a video explaining why younger Americans need health insurance.
The Obama administration is doling out $30,000 in cash and more than 100 prizes in a video contest aimed at attracting young people to the Obamacare insurance exchanges. This demographic is considered key to the exchanges' success because the young are usually healthier than the general population. Their enrollment will help lower premiums for everyone.
The government MORETami Luhby - Sep 12, 2013 5:05 PM ET
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