July 18, 2021
Here are three factual tidbits gleaned from a recent edition of The Week magazine:
– U.S. households added $13.5 trillion in wealth last year, the biggest increase in records going back three decades. More than 70 percent of that increase went to the top 20 percent of income earners; about a third went to the top one percent.
– Meanwhile, at least 9 million Americans who lost work during the pandemic didn’t receive any unemployment benefits, and rejections varied by state. California, for instance, paid more than 70 percent of claims for regular unemployment during the 13 months beginning in March 2020, while Montana paid benefits to 11 percent of those who applied.
– The median earnings for Black men in 2019 amounted to 56 cents for every dollar earned by white men. In 1970, that figure was 59 cents.