Why racial inequality is often underestimated

Care for a glass of Chianti or Bordeaux after recent market volatility? It’ll cost ya. After a tense few weeks, President Donald Trump announced a 20% tariff on all EU goods, including wine. While you might think that U.S. producers would be cheering, domestic wineries and wine s ...  Show more

Overseas stock markets and U.S. stock index futures are showing an upward move in prices today, and volatility is down in sharp contrast to yesterday morning. Yesterday’s rollercoaster ride resulted from false information about a potential tariff pause. Some $2.5 trillion went in ...  Show more

Stefanie Stantcheva, economist at Harvard University, founded the Social Economics Lab to study inequality, our feelings about it, and how policies influence it. She says when we estimate how much money our colleagues make or how much taxes impact us, we are often very far off fr ...  Show more

The racial wealth gap in the United States is shocking: white families have a median wealth nearly 10 times greater than that of Black families. How did we get here, and how can we stop the gap from growing? Wealth equity strategist Kedra Newsom Reeves provides a short history on ...  Show more

With the widest wealth gap on record between America’s wealthiest families and, well, everyone else, economic inequality is making headlines. History teaches us that concentrated wealth isn’t good for nations, but emerging science is teaching us it’s not good for individuals, eit ...  Show more

A recently released research paper calls into question many of the assumptions about the rate at which income inequality has grown in the US over the past 75 years. Today on the show, Soumaya and the FT’s economics commentator, Chris Giles, discuss this bombshell report, and w ...