Using novel state-level data of Peru from 1997 to 2010, we investigate how growth in different sectors affects poverty rates and the middle class. Our results indicate that only the manufacturing ...

With the right policy choices, we can move the needle on poverty, expand the middle class, and put the American economy on an upward trajectory. With flat incomes and inequality stuck at historically ...

How we did this The COVID-19 pandemic has created an economic crisis, shuttering businesses and cutting jobs around the world. This report looks at how the downturn has affected the standard of living ...

The number of Americans who are ALICE — Asset Limited, Income Constrained, Employed — is increasing. The ALICE population is largely Gen Z, boomers, and single parents. ALICE workers often are in ...

Millions of middle-class Americans are just one missed paycheck away from poverty, with 4 of 10 considered "liquid-asset poor," or without enough money socked away to cope with even a sudden ...

Once considered among the most promising economies in Southeast Asia with a growing middle class, Myanmar is now suffering from soaring levels of poverty as a devastating civil war drives tens of ...

ISLAMABAD—Pakistan, often in the headlines for terrorism, coups and poverty, has developed something else in recent years: a burgeoning middle class that is fueling economic growth and bolstering a ...

The economic crisis driven by the novel coronavirus is having a major impact on global living standards, pushing millions of people out of the middle class or into poverty. India and China, the ...

For decades, China powered its economy by investing in factories, skyscrapers and roads. The model sparked an extraordinary period of growth that lifted China out of poverty and turned it into a ...

Elon Musk has spent the last few weeks outlining a future with Optimus — one that will "eliminate" poverty, work, and require ...