Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. The income effect expresses how changes in ...

Defenders of the economic status quo in America continue to assert that economic inequality (1) doesn't exist, (2) isn't as bad as you think, or (3) is actually good for everybody. That's despite ...

Your money -- where does it all go? Depends on how much there is. For those making $16,000 a year, more than half of it goes to housing and utilities. But those making $160,000 a year still have ...

One of the debates within economics is whether consumption is driven by income or wealth. The outcome of this debate is important for policymakers; if the goal of policy is lifting or constraining ...

This post is the third in a series that looks at the relationship between real economic growth and the top individual marginal tax rate. The first looked at the period from 1901 to 1928, the second ...