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The Latest Breaking News from Inequality

America’s 'midlife crisis' may not be what we think: A study reveals deeper issues and links middle-aged struggles to these factors

Middle age in the US is increasingly marked by loneliness, stress, and declining well-being, unlike in many European nations where midlife health has improved. Weakening social supports, coupled with rising healthcare costs and income inequality, are identified as key drivers. This trend impacts memory and physical strength, even with higher…

The Economic Times

Condemned to plutocracy? The relentless rise of US inequality

Elon Musk is a beneficiary of America’s lopsided prosperity – does the country have any appetite for redistribution?

The Guardian - US

Sweat, tears and camaraderie as 20,000 runners take on world’s largest ultramarathon

For one day every June, South Africa’s searing racial inequality seems to melt away at Comrades race

The Guardian - UK

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Elon Musk's trillionaire status is the result of a broken economic system

A TRILLION dollars is usually used to describe the GDP of the largest economies in the world, but now it can equally be applied to the net worth of…

The National (Scotland)

This unsettling book says we live too long – but Australia’s problems lie in power, not age

Australia’s widening generational gap of wealth and inequality could reach record levels within years, suggests recent research. This tension is playing out in national debates over the budget and the housing crisis, as well as provocative new books and films taking aim at baby boomers.

The Conversation

A Fine Idea review – international development drama laden with number-crunching

Despite some strong satire, there is too much telling and not enough showing in Christine Bacon’s play exploring global inequality

The Guardian - UK

India Inc. is profitable. So why isn’t it investing?

Indian companies are making record profits, but they are not investing in new factories or infrastructure. This is creating fewer jobs and increasing inequality. Unlike China, which invests heavily, Indian businesses are hesitant. This trend risks trapping India in scarcity. Leaders must decide on a path towards mass affluence now.

The Economic Times

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The politics of intergenerational wealth inequality

Letters: Dr Rajiv Prabhakar assesses the best age at which grants should be provided to young people, while Jeremy Galtress argues against redistribution

The Guardian - UK

Police surround violent rioters amid anti-G7 protest

An anti- G7 protest in Geneva has turned ugly, with police using tear gas and water cannons in violent clashes with stone-throwing youths.

AAP

The $700 Billion Jump: How Donald Trump's Election Propelled Elon Musk to Trillionaire Status

Elon Musk's net worth surpassed 11 trillion after SpaceX's Nasdaq debut, sparking political debate on wealth inequality led by Bernie Sanders and other politicians.

International Business Times UK

Mamdani Reignites Tax Debate On X As SpaceX IPO Vaults Musk As World's First Trillionaire

Elon Musk's SpaceX IPO makes him the first trillionaire, prompting NYC Mayor Zohran Mamdani to renew calls for taxing the ultra-wealthy, highlighting ongoing debates on wealth inequality.

International Business Times

Elon Musk Humiliated: Zohran Mamdani Blasts Tesla CEO as SpaceX IPO Creates World's First Trillionaire

Elon Musk's SpaceX IPO makes him the first trillionaire, prompting NYC Mayor Zohran Mamdani to renew calls for taxing the ultra-wealthy, highlighting ongoing debates on wealth inequality.

International Business Times UK

Quote of the day by Karl Marx: "One day there will be trillionaires, but you will still have nothing." — What did Marx reveal about wealth inequality, capitalism, and the future of money? A wealth quote that offers powerful lessons on building lasting prosperity beyond money

Quote of the day by Karl Marx reveals a deeper truth about wealth inequality, capitalism, and society. His warning about future trillionaires explores how economic growth, technology, and power can change human lives. Karl Marx’s philosophy pushes readers to question success, money, and fairness. This timeless quote remains relevant as…

The Economic Times

SpaceX IPO makes Elon Musk the world's first trillionaire

At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his stratospheric net worth and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses.

The Economic Times

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Reason

The Economist Who Wants To Make the World Poorer

Thomas Piketty's plan is a comprehensive program for global managed decline dressed up in the language of climate justice and equality.

The Canberra Times

'This is inequality': Canberra juniors table powerful petition as ACT Minister raises sexism concerns

"We're sending the wrong message to young women."

The Independent UK

UK gender pay gap could take another 30 years to close – despite decade of reporting

Scrutiny of pay inequality is growing across the UK and Europe

Ballotpedia

Global taskforce releases draft framework for social disclosure

In this week’s edition of Economy and Society:

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Newsroom.co.nz

Social cohesion means different things to Clark and Luxon, both flawed

Comment from Auckland University: The concept is a distraction from more material concerns of inequality and its effects, writes Dr Nicolas Lewis.

Bangkok Post

Wealth inequality

Re: "Nominee structures thrust into the spotlight", (Business, June 6).

Radio France Internationale

Oxfam warns Europe’s corporate giants are fuelling inequality

Europe’s biggest companies are paying more than two-thirds of their profits to shareholders on average, diverting money that could otherwise support investment, climate action and workers’ wages, according to Oxfam.

Euronews

Seven-time F1 world champion Lewis Hamilton facing backlash over anti-billionaire comments

A three-year-old interview with Lewis Hamilton has resurfaced online, which has prompted fresh conversation about society’s wealth gap, inequality, and for some, tone-deaf hypocrisy. Especially considering who his date was in Monaco last weekend...

The Economic Times

Education policy failure is being dressed up as innovation, employer abdication as a skills gap

Indian universities are failing to equip graduates with needed skills. Private firms now offer expensive courses, creating a barrier for many. This practice disadvantages first-generation students. Employers once provided on-the-job training. Now, graduates must pay for certifications. This system replicates inequality. Universities and employers must collaborate to ensure affordable skill…

International Business Times UK

'You Shouldn't Have Billions': Lewis Hamilton Sparks Backlash Over Wealth Comments as Girlfriend Kim Kardashian's Net Worth Hits $1.9B

Lewis Hamilton faces public backlash over wealth inequality comments while dating newly minted $1.9 billionaire mogul Kim Kardashian, leading to accusations of hypocrisy.

The Economic Times

Lewis Hamilton and Kim Kardashian are worth $2,450,000,000 combined; his 'billionaires shouldn't exist' remark is going viral

Seven-time Formula One champion Lewis Hamilton has faced online backlash after his past comments on wealth inequality resurfaced. Hamilton, with an estimated net worth of $550 million, argued that no individual should accumulate billions while poverty persists. The debate intensified due to his reported relationship with Kim Kardashian, who is…

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