Economic predictions are often off the mark. Take 1929, for example. A well-known economist confidently declared that stock prices had hit a "permanent high. " Just two weeks later, the market crashed, kicking off the Great Depression. Fast forward to today, and economic forecasters still struggle.
Elon Musk, the world's richest person, is asking Tesla shareholders for a massive pay package. If approved, it could make him the first trillionaire in history. The vote is happening at Tesla's annual meeting in Austin, Texas. This has sparked a lot of debate. Some people think Musk deserves this p
In Finland, the link between money troubles and health issues is clear. Over the last few decades, researchers have dug into how poverty and income gaps affect health. But, unlike global studies, looking within Finland shows mixed results. A recent study focused on over 300 Finnish towns and cities
In China, marriage is changing. People are increasingly choosing partners with similar education levels. This isn't just about finding someone with the same degree. It's about how this trend affects money and opportunities. This trend is called educational assortative mating. It's becoming
Ever wondered why some democracies are struggling? A big part of the problem might be the gap between the rich and the poor. In countries where income inequality is high, democracy seems to weaken over time. This isn't just a theory; a recent study looked at many different countries and found that i
Imagine you're living in China and your family switches from traditional cooking methods to cleaner fuels. What happens? Well, a lot! A study shows that a small increase in using clean cooking fuels can boost a country's total household income by billions. In China, this means an extra $37 billion a
Imagine a country where more than half of all counties rely on government aid for a significant portion of their income. This might sound like a generous safety net, but it also raises questions about self-reliance and the future of our economy. In the past, politicians like Mitt Romney have pointe
It seems we can't agree on anything these days. But one thing that unites a divided nation? The outrage over CEO pay gaps so wide they make the Grand Canyon look like a pothole. A recent survey found that Democrats, independents and Republicans all think businesses should shrink their CEO-to-worker
