Analysis: If you’re rich, you’re more lucky than smart. And there’s math to prove it
A study that claims the predominance of luck over talent in the distribution of wealth has been mathematically confirmed.
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How the upper middle class keeps everyone else out
In the United States, people within the top 1 percent income bracket own one-third of the nation’s wealth. But scholar Richard Reeves, author of “Dream Hoarders,” argues that the top 20 percent has created an even starker divide with behaviors…
How does where you live affect your life expectancy?
Life expectancy can very by as much as 20 years depending on what county you live in, a new report finds.
What’s wrong with Wall Street? A culture that breeds greed
"When I was on Wall Street, my entire life’s goal was to make more money than the next guy."…
We gain power by advancing the welfare of other people, and yet, when we feel powerful, we lose those very skills that got us there and take more than our fair share.
America's poorest citizens have shorter lifespans than wealthier Americans, and new research finds that gap is growing. But the study also found that the poor who live in affluent and highly educated cities live longer than those who live in…
Counting Social Security as 'wealth' avoids the inconvenient truth of inequality, writes economist John Komlos.
An online game asks players to share some of their wealth on faith that the others will reciprocate. But each player has the option of choosing not to share, amassing more and more wealth. In designing a game to test…
Thanks to recent financial scandals and fraud, public trust in the financial industry is low. But a new study published in the journal Nature shows that bankers, themselves, aren't dishonest people; the industry makes them behave dishonestly. What is it…
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