Department of Labor, the Bureau of Labor Statistics, the Bureau of Economic Analysis and other sources. Realtime Inequality is driven by data from the U.S. In addition, it can assess both income inequality and wealth inequality. It can assess the flow of economic benefits or losses for specific blocs of the population, from the bottom 50 percent of earners to the top 1 percent and even the top 0.01 percent. It shows different measures of income-pre-tax, post-tax, disposable and others-across different time frames extending back to 1976. Their effort to fill the knowledge gap with data on inequality has produced a web tool that is incredibly powerful, and yet easy to use and easy to understand. Zucman and Saez developed Realtime Inequality along with Thomas Blanchet, a UC Berkeley economist and postdoctoral researcher. This gap severely limits the ability of governments and central banks to design effective policies, especially in crisis situations and in the aftermath of recessions.'

'While we know how the gross domestic product evolves quarterly,' he explained, 'we do not know which groups of the population benefit from this growth and which benefit less from it, or potentially not at all. The federal government generates dense streams of economic data, but 'a major gap in the economic statistics has been the lack of timely estimates of inequality,' Zucman said. Thanks to federal COVID-relief programs-economic impact payments, unemployment insurance and an expanded child tax credit-disposable income for the lower half of American adults was 20.3 percent higher in 2021 than in 2019.

The picture is even rosier after considering government intervention in the economy. For the lowest half of American adults, whose income had stagnated for decades, income before taxes and government transfers rose an amazing 11.7 percent.Дuring the previous economic downturn-the great recession that started in December 2007-it had taken 11 years and 10 months for the bottom 50 percent to recover its pre-crisis income level. national income per adult grew 7.6 percent. and worldwide result in profound inequality in the distribution of economic resources.Д«ut there's positive news embedded in the new site: The recovery from the economic crisis caused by the COVID pandemic has been remarkably strong for the working class. The website, Realtime Inequality, is an extension of the pioneering work done by Berkeley economists Emmanuel Saez and Gabriel Zucman that explores how law and policy in the U.S.

Real time wealth tracker