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Articles on Wealth

Displaying 61 - 80 of 122 articles

A trader works on the floor of the New York Stock Exchange, as U.S. President Donald Trump speaks on the television shortly after the opening bell. REUTERS/Lucas Jackson

The US needs to get over its obsession with GDP

Economists, politicians and the media watch GDP closely. But it isn’t the best way to measure the health of the US economy.
A man browsing the shoe department in a shopping centre. Can he really afford new shoes, and does he really need them? Alex Buirds/Wikimedia

Why we perceive ourselves as richer than we think we are

Under some circumstances, people may feel wealthier than they actually are and this makes them psychologically more prone to increase their spending, as well as their borrowing.
An addiction to accumulating money is every bit as powerful and destructive as a drug addiction. Upsplash/Sharon McCutcheon

How money is destroying the world

Wealth addiction is as powerful as any other, but instead of urging addicts to get help, we often admire them. Yet they do much more damage to the world at large than your average coke fiend.
Got a spare $250 million? If you’re among the 0.1 percent, you probably do. Bruce Makowsky

How rich are the rich? If only you knew

Income inequality, the most common way to measure the gap between the rich and the poor, only tells part of the story. Wealth inequality tells the rest.
Election workers count votes by the light of candles and a kerosene lamp at a polling station without electricity in the Yoff neighborhood of Dakar, Senegal in 2007. (AP Photo/Rebecca Blackwell)

Empowering the powerless: Let’s end energy poverty

Distributed-energy technologies are a disruptive force that can improve the quality of life for the world’s most disadvantaged and poor.
How many times do we wonder, ‘what’s the right thing to do’? Ed Yourdon from New York City, USA (Helping the homeless Uploaded by Gary Dee, via Wikimedia Commons

How should we decide what to do?

A scholar suggests a few approaches that have withstood the test of time.
Jeff Bezos is now the richest person in the world. Reed Saxon/AP Photo

The world on a billionaire’s budget

There are about 2,000 billionaires in the world, controlling over $7.6 trillion. How does that compare to the income of an average American?
There is a glaring need to reform Australia’s archaic wealth inequality statistics to make them commensurate with international practice. www.shutterstock.com

Bad data collection means we don’t know how much the middle class is being squeezed by the wealthy

The squeeze on wealth in the middle class by those at the top is a long established trend in international inequality data. But the ABS doesn’t provide this information.

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