How the middle class was hollowed out from 1979 to 2022, according to new federal data

The top 1% saw its share of household income double from 1979 to 2022, going from 9% to 18%, the CBO said. The middle cohort ...

Wealth Of The 1% Reaches Decade High In The U.S.

The share of wealth owned by the 1% of richest people in the United States has reached a new record of 31.7% in Q3 of ...

The great power gap: Billionaires are 4,000 times more likely to hold office than you are, and Oxfam warns it’s ruining democracy

“We actually do face a moment in which there is a fundamental choice between oligarchy and democracy,” Oxfam America senior ...
The American Prospect

Selling the Poor on Spending Like They’re Rich

This article appears in the December 2025 issue of The American Prospect magazine. Subscribe here. We are living in a new Gilded Age. The first, from roughly 1870 to 1890, was marked by dramatic ...