Census poverty numbers are a snapshot, not full picture

This morning, the U.S. Census Bureau will release its poverty numbers for 2015. The expectation is that the number will likely approximate the poverty rate from the year before. Tom Hirschl, sociologist and co-author of “Chasing the American Dream: Understanding What Shapes Our Fortunes,” says the problem with these estimates is that they only provide […]

Overall sense of satisfaction shrinks when inequality widens

ITHACA, N.Y. – In their seminal 2010 study, Nobel laureates Daniel Kahneman and Angus Deaton of Princeton demonstrated that higher income improves one’s life satisfaction but not one’s emotional well-being. Building off of that research, Cornell’s Richard Burkhauser has co-authored a research paper that contends a person’s satisfaction drops as the percentage of overall income […]