Wealth Gap

(AP Photo)

Poll finds Californians see wealth gap growing

SACRAMENTO, Calif. (AP) — A majority of Californians are unhappy with income distribution in the state, but they are divided over whether the government should do more to intervene or further raise the minimum wage, […]

07/03/2014

Former Secretary of State Hillary Rodham Clinton speaks during a question and answer session at the BIO International Convention Wednesday, June 25, 2014, in San Diego.  Clinton has been on tour promoting her book, "Hard Choices." (AP Photo/Lenny Ignelzi)

Clinton struggles in discussing her family wealth

DENVER (AP) — Hillary Rodham Clinton is a hardworking champion of women, children and the poor. Or she’s a wealthy elitist more comfortable in Davos, Switzerland, than Davenport, Iowa. Which is it? If Clinton decides […]

06/26/2014

(AP Photo)

Study: Recession and recovery widen US wealth gap

WASHINGTON (AP) — The Great Recession and the slow recovery have sharply widened the gap between the wealthiest Americans and everyone else, according to a study that underscores the unevenness of wealth gains since the […]

06/24/2014

Penny and Phil Sound Bite

Will that be a 6-bedroom suite or just a couch?

Private elevators, personal shopping assistants, six-bedroom suites with their own postal codes. Even helipads. This is what the super-rich have come to expect from hotels. For others, vacation now means renting someone’s apartment, a spare […]

06/04/2014

FILE - In this Sept. 5, 2012, file photo, delegates watch as former President Bill Clinton addresses the Democratic National Convention in Charlotte, N.C.  (AP Photo/Jae C. Hong, File)

The CEO got a huge raise. You didn’t. Here’s why.

WASHINGTON (AP) — If you randomly put 10,000 Americans in a room, only one would have earned the $10.46 million that a CEO at a typical large public company made last year. And while CEO […]

05/27/2014

FILE - In this Sept. 5, 2012, file photo, delegates watch as former President Bill Clinton addresses the Democratic National Convention in Charlotte, N.C.  (AP Photo/Jae C. Hong, File)

More Americans see middle class status slipping

WASHINGTON (AP) — A sense of belonging to the middle class occupies a cherished place in America. It conjures images of self-sufficient people with stable jobs and pleasant homes working toward prosperity. Yet nearly five […]

04/02/2014

People line up at the food pantry at Sacred Heart Community Service on Friday, Feb. 21, 2014, in San Jose, Calif. (AP Photo/Marcio Jose Sanchez)

Silicon Valley boom eludes many, drives income gap

SAN JOSE, Calif. (AP) — Arwin Buditom guards some of the most successful high-tech firms in America. Joseph Farfan keeps their heat, air and electric systems humming. But these workers and tens of thousands like […]

03/06/2014

This combination of Associated Press file photos show, on top, the first class section of an Emirates airlines Airbus A380 at the new Concourse A of Dubai airport in Dubai, United Arab Emirates in 2013, and on the bottom, Allegiant Air flight attendant Chris Killian preparing his passengers for the Laredo, Tex, bound flight before it pushes back from the terminal at McCarran International Airport in Las Vegas, in 2013. When Emirates Airline opened a new concourse at its home airport in Dubai last year, it made sure to keep coach passengers separate from those in business and first class. The top floor of the building is a lounge for premium passengers with direct boarding to the upstairs of Emirates’ fleet of double-decker Airbus A380s. Those in coach wait one story below and board to the lower level of the plane.  (AP Photo/File)

Latest airline perk: Safe distance from the masses

NEW YORK (AP) — On flights from San Francisco to Hong Kong, first-class passengers can enjoy a Mesclun salad with king crab or a grilled USDA prime beef tenderloin, stretch out in a 3-foot-wide seat […]

02/27/2014

In this May 6, 2012 file photo, Warren Buffett, chairman and CEO of Berkshire Hathaway, right, watches Bill Gates use an oversize paddle as they play doubles against table tennis prodigy Ariel Hsing in Omaha, Neb. Members of the economic elite are looking for ways to reduce the nation's growing income inequality for a variety of reasons, from self-interest to pangs of conscience. Buffet advocated for a progressive estate tax before members of Congress, saying in 2007, "Dynastic wealth, the enemy of a meritocracy, is on the rise. Equality of opportunity has been on the decline. A progressive and meaningful estate tax is needed to curb the movement of a democracy toward plutocracy." (AP Photo/Nati Harnik, File)

5 tycoons who want to close the wealth gap

As the middle class struggles to make gains and President Barack Obama strives to shine a spotlight on the issue of income inequality, an unlikely constituency is looking for ways to close the nation’s growing […]

02/23/2014

(AP Photo)

Wealth gap is widest in some affluent US cities

WASHINGTON (AP) — The gap between the wealthy and the poor is most extreme in several of the United States’ most prosperous and largest cities. The economic divides in Atlanta, San Francisco, Washington, New York, […]

02/20/2014

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