Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. The income effect expresses how changes in ...

Defenders of the economic status quo in America continue to assert that economic inequality (1) doesn't exist, (2) isn't as bad as you think, or (3) is actually good for everybody. That's despite ...

Your money -- where does it all go? Depends on how much there is. For those making $16,000 a year, more than half of it goes to housing and utilities. But those making $160,000 a year still have ...

Just in time for a potential full Senate vote, we now have significantly more data about what exactly the Senate tax overhaul would do, and whom it would affect. In particular, we want to look at the ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. It’s no secret that the United States has a glaring—and growing—problem with ...

A few weeks ago, we were sitting around the office arguing over this simple question: Who had richer parents, journalists or people working in finance? Doctors or artists? More generally: What's the ...

One of the debates within economics is whether consumption is driven by income or wealth. The outcome of this debate is important for policymakers; if the goal of policy is lifting or constraining ...

This post is the third in a series that looks at the relationship between real economic growth and the top individual marginal tax rate. The first looked at the period from 1901 to 1928, the second ...