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China Reveals Economic Gap Between Rich and Poor

Posted January 18th, 2013 at 3:20 am (UTC-5)
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China has released statistics on the income gap between rich and poor after keeping the figures secret since 2000. Ma Jiantang, chief of the National Bureau of Statistics, told a news conference Friday that figures from 2003 to the present showed “the income gap was rather big.” The NBS used the “Gini coefficient” – a […]

Happiness May Lead to Wealth

Posted November 20th, 2012 at 1:35 pm (UTC-5)
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Money may not buy you happiness, but happiness can improve your financial bottom line. A study by researchers from University College London finds that young people who report a higher level of happiness and satisfaction with their lives earn higher levels of income later in life. The impact is significant: using a 5-point scale, a […]

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Gap Between Rich and Poor Increases in Most Countries

Posted December 5th, 2011 at 11:30 am (UTC-5)
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The gap between rich and poor has grown in most of the world’s major economies, and now stands at its highest level in 30 years. A report Monday by the Organization for Economic Cooperation and Development, a research and policy group that has 34 member countries, calls for governments to act quickly to address the […]

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