Economic inequality in the United States

Low-income households spend a very high proportion of their income on college and university education compared to higher-income households, according to a study by the Center for Research and Training in Public Health, Health Policy and Primary Healthcare released on Monday and based on the latest data from the Hellenic Statistical Authority.

The recovery of pre-crisis levels in Greek GDP terms may now be within sight, but that is not the case for incomes declared to the tax office, which are 16 billion euros away from the historic high.

The share of food and non-alcoholic beverages in households' overall expenditure was 22.8 percent, followed by housing and rent at 22.4 percent last year, a survey by the Turkish Statistical Institute (TÜİK) has shown.

Transport expenditure was the third largest expenditure item, with a share of 21.3 percent, according to TÜİK's Household Budget Survey.

The wound from the 10-year economic crisis on household incomes in Greece is hard to heal, both because of the intensity and duration of the crisis, and because it was followed by two more: the pandemic and inflation.

Labor unions are pressuring U.S. airlines not to buy back their own stock but instead spend the money on hiring more workers and fixing problems that caused widespread flight delays and cancellations this summer.

Ljubljana – More than a quarter of Slovenian households have seen their incomes rise over the past year, while the share of households that have had problems paying their housing costs has also increased, shows a report by the Statistics Office. Meanwhile, 18% of households struggled to make ends meet with their income.

The government will increase the salaries of active and retired civil servants more than the six-month inflation rate, Labor and Social Security Minister Vedat Bilgin has said.

"We will make an additional raise of social protection for public servants above the inflation rate," he said, adding that the increase will also include retired civil servants.

The share of global wealth of the world's richest people soared at a record pace during the Covid pandemic, a report on inequality showed on Dec. 7.    

Since 1995, the slice held by billionaires has risen from one percent to three percent, according to the World Inequality Report.    

The average net nominal wage income decreased to 3,365 lei in Romania in February 2021, down 30 lei (-0.9%) from January, but up 5.1% y-o-y according to data with the National Institute of Statistics published on Monday. In February 2021, the average gross nominal wage income was 5,497 lei, 52 lei (-0.9%) lower than in the previous month.

The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability.