Income Inequality

Two-thirds of the nation's wealth is owned by the richest five percent of Americans, while at the same time more than 38 million Americans live in poverty. The rich getting richer and the poor getting poorer has been the story of economic inequality for the last 50 years, and COVID-19 appears set to continue the trend. I joined CBS Sunday Morning with a look at the downside, and what one business figure calls the upside, of income disparity.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

CBS This Morning: Pay Gap Widens

The wage gap separating men and women is much wider than previously thought, according to a new report. The Institute for Women's Policy Research claims women earned $0.49 for each dollar that a man was paid over a 15-year span. That's a big difference from census data that show women make $0.80 for each dollar a man earns. I joined CBS This Morning to discuss the gender pay gap.

Have a money question? Email me here.