The gap between rich and poor—wealth inequality—and what to do about it, is a hot topic. U.S. President Barack Obama calls it the defining issue of our times, and a Pew Research Center survey concludes that at least half of the people in Western economies see it as a “major” problem, one that threatens both our economic and social well-being.
NEW YORK—New York’s wealth disparity is worse than India’s or the Dominican Republic’s, according to new data released by the U.S. Census Bureau.