September 11, 2012 |
The number of Americans who consider themselves to be in the lower class is growing, rising to a third of Americans from a quarter four years ago. The Pew Research Center surveyed 2,508 adults and concluded that those who place themselves on the lower income rungs tend to be more pessimistic and stressed and less secure and satisfied than their better-off peers. The group of people ages 18 to 29 who consider themselves in the lower class ballooned in 2012 to nearly 40% from 25% in 2008.
August 27, 2012 |
The rich really are different than everybody else - more intelligent and industrious but also greedier and not as honest, according to a new poll. In a reflection of the country's conflicting opinions of the wealthy, large majorities of Americans view the upper class as smart and hardworking, according to the survey by the Pew Research Center. But more than half of respondents say the well-off should pay more taxes, and two-thirds worry that the income gap between the rich and poor is widening.
August 23, 2012 |
The middle-class Americans who were hit worst by the recession are nonetheless the most hopeful about the country's long-term economic future, according to a major new study of middle-class attitudes by the Pew Research Center. Almost eight in 10 middle-class blacks and 67% of middle-class Latinos are optimistic about the future economic landscape, compared to Just 48% of middle-class whites. That optimism stands in sharp contrast to economic statistics that show black and Latino families lost considerably more income during the recession than did whites.
August 22, 2012 |
The vast majority of middle-class Americans say their financial well-being has been crimped over the last 10 years by sagging home values and dreary job prospects, according to a new survey. About 85% of middle-class people say it's tougher now than a decade ago to maintain their living standards, according to the Pew Research Center report. “Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some - but by no means all - of its characteristic faith in the future,” the report states.
February 12, 2012 |
Coming Apart The State of White America, 1960-2010 Charles Murray Crown Forum: 407 pp., $27 Charles Murray's new book is hardly the bombshell that placed him on the Politically Incorrect Ten Most Wanted list 18 years ago when he co-wrote "The Bell Curve" with Richard J. Herrnstein in 1994. But by providing a data-driven argument for inequality's cultural and sociological roots, "Coming Apart: The State of White America, 1960-2010" arrives just in time for the central political and policy debate in the 2012 elections: What is the nature of the widening gap between the rich and everyone else - and what can, or should, be done about it?
December 4, 2011 |
Question: Is this a good time to buy a bank stock such as Banco Santander (Brasil)? The price has come down a lot, and I know Brazil has potential. Answer: This Brazilian bank is expected to enjoy robust long-term growth in assets and loans as it focuses on that country's middle and upper classes, which are gaining in numbers. Brazil's relatively low penetration rate of banking products and services enhances its growth potential. But recently, the bank has had to cope with the battered Brazilian stock market, non-performing loan concerns and higher expenses.