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Income Inequality

Schools
Here's Where Connecticut Ranks Among States With Best Public School Systems, Forbes Says Here's Where Connecticut Ranks Among States With Best Public School Systems, Forbes Says
Here's Where Connecticut Ranks Among States With Best Public School Systems, Forbes Says Connecticut's public school system is among the best in the country, according to a report by Forbes.  The state ranks as having the third-best public school systems nationwide, behind only Massachusetts and New Jersey, the news outlet reports.  Connecticut's strong schools help contribute towards the state being ranked fifth in the nation for quality of life, also thanks to low crime and poverty rates, as well as a healthy population, according to Forbes.  However, income inequality in the state is still a large problem, especially when comparing affluent Fairfield County t…

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by Ben Crnic
Lifestyle
Money Buys Happiness: Here's How Much You Need To Find Joy, Study Says Money Buys Happiness: Here's How Much You Need To Find Joy, Study Says
Money Buys Happiness: Here's How Much You Need To Find Joy, Study Says People who think money can’t buy happiness are woefully mistaken, according to a new study. A University of Pennsylvania study recently published in the Proceedings of the National Academy of Sciences found that people who earn $85,000 or more per year are happier than those who earn less. And the more money you earn, the happier you are. This contradicts common knowledge and refutes an earlier study that found there is a cap on how much happiness money can buy. Once a person earns at least $75,000 per year additional money won’t buy additional happiness, according to a 2010 Princeton Uni…

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by Kristin Palpini
News
'Tax The Rich, Not The Poor': New Protests Target Estates Of Hamptons Billionaires 'Tax The Rich, Not The Poor': New Protests Target Estates Of Hamptons Billionaires
'Tax The Rich, Not The Poor': New Protests Target Estates Of Hamptons Billionaires Pitchfork-wielding protesters hit the streets in some of Long Island’s most affluent communities to condemn the rise in income equality. Chants of “tax the rich, not the poor!’ could be heard from more than 100 drivers and 200 marchers who hit the Hamptons of some of Long Island’s wealthiest residents. According to reports, former New York City Mike Bloomberg’s $20 million Southampton mansion was near the epicenter of the protests. Reports said that the protesters are calling on Gov. Andrew Cuomo to hike taxes on New York's billionaires to make up for the chaos wreaked on the state’s budge…

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by Zak Failla
Politics
Ocasio-Cortez Compares Controversy Over Northern Westchester Roots To Birther Theory Ocasio-Cortez Compares Controversy Over Northern Westchester Roots To Birther Theory
Ocasio-Cortez Compares Controversy Over Northern Westchester Roots To Birther Theory Just days before officially taking office, U.S. Rep. Alexandria Ocasio-Cortez is blasting cynics questioning her roots as a self-described "girl from the Bronx" despite moving to Northern Westchester when she was age 5, comparing the controversy to the birther conspiracy theory. The just-turned 29 Ocasio-Cortez, tweeting a reference to Jennifer Lopez’s “Jenny from the block," wrote above a  photo of a plaque representing her 14th congressional district, which is made up of parts of the Bronx and Queens: "Don't be fooled by the plaques that we got. I'm still / I'm still Alex from the Bro…

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by Joe Lombardi
Lifestyle
NY, CT Income Inequality Levels Among Highest In Nation NY, CT Income Inequality Levels Among Highest In Nation
NY, CT Income Inequality Levels Among Highest In Nation Are we reliving the "Great Gatsby" era? A new study cites five states where the top 1 percent have exceeded 1928's 23.9 percent share of income: According to an Economic Policy Institute (EPI) study of the new "gilded age," these are the top states with the widest income disparities: New York: 31 percent Florida: 28.5 percent Connecticut: 27.3 percent Nevada: 24.8 percent Wyoming: 24 percent Unequal income growth since the 1970s has buoyed the fortunes of the top 1 percent of income earners, widening income inequality in every state, the study from the Economic Policy …

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by Jon Craig
News
Connecticut City Cited For Widening Wealth Gap In Bloomberg Report Connecticut City Cited For Widening Wealth Gap In Bloomberg Report
Connecticut City Cited For Widening Wealth Gap In Bloomberg Report The "super rich" are getting richer and the middle class are poorer in Bridgeport, according to a national study of the widening wealth gap. The Bloomberg news ranking found the change in the gap between the super rich to middle class widened in 98 of 100 U.S. metropolitan areas, led by Bridgeport.  The gap narrowed in Ogden, Utah and Colorado Springs, Colo., Bloomberg reported here. (The super rich to middle class gap was defined by those in the top 5 percent of income versus households in the middle 20 percent.) The average income gap widened by $59,000 nationwide. In Bridgeport…

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by Jon Craig