Half of 30-year-olds make as much as their parents did at the same age, according to a new study — Quartz

The American dream hinges on the idea that future generations will do better than the ones that preceded them. But a new study (pdf) from a team of economists and sociologists at Harvard, Stanford, and the University of California is bad news for a whole generation: Only half of American 30-year-olds today earn more money…

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Giving poor people cash gets them to spend more on good stuff and less on tobacco and alcohol — Quartz

It is increasingly common for governments to give poor people money. Rather than grant services or particular goods to those in poverty, such as food or housing, governments have found that it is more effective and efficient to simply hand out cash. In some cases, these cash transfers are conditional on doing something the government…

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Universal Health Services stock falls nearly 12% after Buzzfeed News investigative report

TODO: defaulting to 2099 until we get the expiry date from toolbelt Cristina Pedrazzini | Science Photo Library | Getty Images Shares of United Health Services fell 11.88 percent Wednesday after an investigative report about the country’s largest psychiatric hospital chain. Buzzfeed News interviewed dozens of current and former UHS staff members, many of whom…

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Economic Inequality in the U.S. Is Far Worse Than You Thought

We’ve long understood that there’s something fundamentally broken about the United States’ modern economy, from the uneven distribution of net household wealth to the growing disparities in incomes between the 1 percent and everyone else. But new research from three top economists paints an even grimmer picture, by putting to bed one of the biggest myths about…

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Don’t Stop Arguing, Complaining, And Fighting For ‘Identity Politics’ : Code Switch : NPR

END CLASS=”STORY-META__ONE” END CLASS=”STORY-META__TWO” END ID=”STORY-META” CLASS=”STORY-META HAS-BYLINE” Critics are taking aim at the coalition of Americans pushing “to rethink essentially everything about the way we treat each other.”   Brooks Kraft/Corbis via Getty Images hide caption toggle caption   Brooks Kraft/Corbis via Getty Images   Critics are taking aim at the coalition of Americans…

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