Wealth inequality in America just hit its widest gap in 3 decades
Nearly one-third of U.S. household wealth was held by the top 1% in the third quarter of 2025.
Income Inequality
California could impose a billionaire tax. Here's how it would work.
Proposed California ballot initiative would impose a one-time 5% tax on billionaires, with the revenue funneled toward health care and education.
Nearly a quarter of households live paycheck to paycheck, report finds
The percentage of Americans just scraping by financially is rising as wage growth slows and inflation flares, Bank of America finds.
You're living in a "K-shaped" economy. Here's how that affects you.
The shape of economic growth this year highlights the widening gap between wealthy Americans and everyone else, economists say.
Pediatrician who helped expose Flint's water crisis now fighting poverty
Dr. Mona Hanna created Rx kids, a program that gives cash to pregnant moms with no strings attached.
Outgoing Ford Foundation president on new book
The new book "The Idea of America" hopes to narrow growing divisions among Americans. Author Darren Walker, outgoing president of the Ford Foundation, joins "The Takeout" to discuss how there is more that unites us than divides us.
Financial burden rises for transportation
America's affordability crisis is getting worse. Average Americans are struggling to afford rent, groceries and transportation. Elise Preston reports on the economic struggle many face to even leave their home.
These are the faces of the affordability crisis in the U.S.
A teacher, a police officer and a senior job seeker share the stress and frustration of trying to stay afloat amid surging costs.
Reporter's Notebook: Tax plan gamble
A new tax proposal backed by President Trump would give the biggest benefits to the top earners, while cutting support for the poor. If the promised growth doesn't come, the most vulnerable will pay the price. "CBS Evening News" co-anchor John Dickerson explains.
Police officer shares struggle to buy first home
Americans are sharing their struggles to make ends meet in CBS News' series, "The Cost of Living." A rookie cop in Connecticut talks about the challenges of buying his first home.
Teacher on $37,000 salary fights to stay afloat
In a recent CBS News poll, two out of three Americans said they're stressed about their own finances, while three out of four said their incomes are not keeping up with inflation. A single mom of three shows what it's like to make ends meet on a teacher's salary of $37,000.
Almost 98% of nation's wealth is owned by top half of Americans
Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and tariffs, experts say.
Homelessness surged a record 18% in 2024
Homelessness in the U.S. jumped 18.1% this year, hitting a record level, with the dramatic rise driven mostly by a lack of affordable housing and devastating natural disasters, officials say. Lilia Luciano has the story.
The more wealth you have, the happier you get, research finds
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
Growing divide in Wyoming as billionaires send prices sky-high
Teton County's $108,000 median income is still not enough to afford the $7 million average cost for a home in Jackson Hole.
Here's how much income it takes to be considered rich in your state
The income needed to join your state's top earners can vary considerably, from a low of $329,620 annually in West Virginia to $719,253 in Washington D.C.
Here's how much money you need to be in the 1%
It takes substantially more money to be considered an ultra high net worth individual.
Single women in the U.S. own more homes than single men
American women have pulled ahead of men when it comes to building wealth through homeownership, according to LendingTree.
Young Americans and the economy
38% of Gen Z and millennials say they are having a harder time growing financial wealth compared to their parents at the same age, according to a new survey from Bankrate. Sarah Foster, an analyst at Bankrate, joined CBS News to discuss the findings.
Taraji P. Henson says "the math ain't mathing" on pay equity in entertainment
It's not the first time Henson has spoken out on this topic, revealing that she only made $150,000 for her Academy Award-nominated role in "The Curious Case of Benjamin Button."
How much are houses in big cities?
There is a disconnect in most U.S. markets of how much money people are earning, and how much it would cost to buy a home. CBS MoneyWatch associate managing editor Aimee Picchi joins CBS News with data on how much houses cost in major cities around the country.
Richest 20% now richer than before COVID: Fed
Americans were able to save more money during the pandemic because they were spending less due to lockdown restrictions, but new data from the Federal Reserve shows that excess money has now run out for most people. Alex Tanzi, a senior editor for the U.S. economy team at Bloomberg, joined CBS News to discuss how the rich have gotten richer and everyone else has, at best, what they had before the coronavirus pandemic.
The economy's long, hot, and uncertain summer — CBS News poll
High prices and interest rates are still weighing on personal budgets.
Geography of American poverty: "Internal colonies" where life is short
The most disadvantaged communities around the U.S. are rural and suffer from a history of injustice, a new book finds.
Ivy colleges favor rich kids, but middle-class students face obstacles
Students from middle-income families are the least likely to gain admission to elite universities in the U.S., Harvard researchers say.
Supreme Court lets California use new congressional map in midterms
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
No suspect identified in disappearance of Savannah Guthrie's mom
The disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie, is being investigated as a crime.
Trump says the lesson from Minneapolis is to use a "softer touch" in immigration enforcement
President Trump told NBC News the call to remove 700 immigration officers from Minneapolis came from him.
ICE lawyer in Minnesota tells judge "this job sucks"
A government lawyer who told a judge that her job "sucks" during a court hearing stemming from the Trump administration's immigration enforcement surge in Minnesota has been removed from her Justice Department post.
Georgia army veteran faces deportation after 50 years in U.S.
A Covington Army veteran facing deportation after more than 50 years in the U.S. could be removed this week.
With latest Minnesota fraud case looming, lead prosecutors have quit
The four prosecutors who spearheaded a $250 million Minnesota fraud case have all left the U.S. Attorney's Office in a growing wave of resignations.
Man who tried to shoot Trump at Florida golf course gets life in prison
Ryan Routh, the man convicted in a 2024 assassination attempt of President Trump at his Florida golf course, has been sentenced to life in prison.
Minnesota corrections officials dispute accusations from feds
Immigration authorities say they're targeting the "worst of the worst," but they haven't asked to take custody of over 100 non-citizens in Minnesota's prison system.
Exclusive
Anti-fraud task force targeting Calif., more states to be led by Vance: sources
President Trump is expected to sign an executive order putting JD Vance and Andrew Ferguson in charge of the group.
U.S.
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With latest Minnesota fraud case looming, lead prosecutors have quit
The four prosecutors who spearheaded a $250 million Minnesota fraud case have all left the U.S. Attorney's Office in a growing wave of resignations.
Trump says the lesson from Minneapolis is to use a "softer touch" in immigration enforcement
President Trump told NBC News the call to remove 700 immigration officers from Minneapolis came from him.
EEOC investigating Nike over alleged discrimination against White workers
The U.S. Equal Employment Opportunity Commission said Nike may have engaged in "a pattern or practice of disparate treatment against White employees."
ICE lawyer in Minnesota tells judge "this job sucks"
A government lawyer who told a judge that her job "sucks" during a court hearing stemming from the Trump administration's immigration enforcement surge in Minnesota has been removed from her Justice Department post.
Supreme Court lets California use new congressional map in midterms
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
MoneyWatch
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EEOC investigating Nike over alleged discrimination against White workers
The U.S. Equal Employment Opportunity Commission said Nike may have engaged in "a pattern or practice of disparate treatment against White employees."
Millions of Americans face higher utility bills after rate hike approvals
Over 50 million Americans will face higher utility costs as a result of rate hikes approved in 2025, according to PowerLines.
Pinterest fired 2 engineers who built an internal layoff tracker
Pinterest says two engineers lost their jobs after writing custom scripts to identify employees who were cut in a recent round of layoffs.
Washington Post begins sweeping layoffs as it scales back news coverage
Former WaPo executive editor Martin Baron told CBS News the paper's coverage will be "dramatically diminished" because of the job cuts.
China banning hidden car door handles starting in 2027 due to safety concerns
China will ban hidden door handles on cars, commonly used on Tesla's electric vehicles and many other EV models, starting next year, due to safety concerns.
Politics
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With latest Minnesota fraud case looming, lead prosecutors have quit
The four prosecutors who spearheaded a $250 million Minnesota fraud case have all left the U.S. Attorney's Office in a growing wave of resignations.
Trump says the lesson from Minneapolis is to use a "softer touch" in immigration enforcement
President Trump told NBC News the call to remove 700 immigration officers from Minneapolis came from him.
ICE lawyer in Minnesota tells judge "this job sucks"
A government lawyer who told a judge that her job "sucks" during a court hearing stemming from the Trump administration's immigration enforcement surge in Minnesota has been removed from her Justice Department post.
Supreme Court lets California use new congressional map in midterms
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
Treaty limiting U.S., Russian nuclear weapons expiring as leaders mull what's next
The last remaining nuclear treaty between the U.S. and Russia is set to expire Thursday, ending decades of arms control between the two countries with the largest nuclear arsenals.
HealthWatch
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Officials warn against drinking raw milk after baby dies from listeria
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
5 ways to find affordable care without health insurance
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
When health insurance costs more than the mortgage
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
Extended Interview: Mel Robbins
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
Book excerpt: "The Let Them Theory" by Mel Robbins
In her latest bestseller, the motivational speaker discusses how personal growth is only possible when you stop pouring energy into things you cannot control – which includes changing other people.
World
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Comedian gets 6 years in Russian prison over joke about war veteran
"I hope no one ever finds themselves in the same situation of brutal legal abuse that I did," Artemy Ostaninsaid in his final statement in court.
Poland probing whether Epstein's "satanic circle" trafficked Polish girls
Polish leader Donald Tusk says his country will pore over the files for any evidence that Epstein's network trafficked women or girls from the country.
U.K. police investigating former ambassador to U.S. over Epstein ties
The Epstein files have yielded a police investigation, as former U.K. Ambassador to the U.S. Peter Mandelson is accused of sharing state secrets.
Cold and doubt in Ukraine as 2nd round of talks with Russia kick off
U.S., Russian and Ukrainian negotiators are back around a table for a second round of technical talks, but in Kyiv, Russian bombs bring suffering and skepticism.
Ex-Prince Andrew moves out of royal home amid new Epstein revelations
King Charles' disgraced brother Andrew Mountbatten-Windsor moves from his royal mansion to a private estate after appearing in newly released Epstein files.
Entertainment
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Entertainment
Ron Funches opens up about autism diagnosis
Actor and comedian Ron Funches talks to "CBS Mornings" about appearing on the reality show "The Traitors," how it led to his autism diagnosis and opening up to others about it.
2026 Super Bowl ads to look out for
Super Bowl advertisements are already making waves as companies seek a big win during the NFL's final football game of the season. Jeanine Poggi, the editor-in-chief at Ad Age, joins CBS News with more.
Susan Lucci on life after soap opera stardome
For decades, Susan Lucci starred in "All My Children." She speaks to "CBS Mornings" about her second memoir, which dives into her life after the soap opera series, the death of her husband and the resilience she found along the way.
Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Miranda Lambert sells entire music catalog
Country star Miranda Lambert's entire catalog now belongs to Sony Music Publishing Nashville and Domain Capital Group. Jem Aswad, executive editor for music at Variety, joins "The Daily Report" to discuss.
Technology
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Technology
iPhone flip to reportedly launch
Apple is reportedly getting ready to launch its first foldable phone. Plus, OpenAI announced it is retiring its older ChatGPT-4o. Mashable tech editor Tim Werth joins CBS News to discuss.
Tesla, Waymo leaders defend product safety
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Tesla, Waymo execs defend self-driving cars before Senate committee
"Right now we have the Wild West. I want to see some rules of the road," said Democratic Sen. Richard Blumenthal.
Pinterest fired 2 engineers who built an internal layoff tracker
Pinterest says two engineers lost their jobs after writing custom scripts to identify employees who were cut in a recent round of layoffs.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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Crime
No suspect in Guthrie disappearance: police
The Pima County Sheriff's Department said Wednesday that investigators have not identified a suspect or person of interest in the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy. CBS News' Andres Gutierrez and Anna Schecter have more.
Latest on possible ransom note in Guthrie case
Investigators are analyzing and trying to determine the authenticity of a possible ransom note as the search continues for Nancy Guthrie, the mother of "Today" show host Savannah Guthrie. CBS News' Andres Gutierrez and Anna Schecter have more.
National Guard shooting suspect in court
Rahmanullah Lakanwal, the man accused of shooting two National Guard members in Washington, D.C., last November, pleaded not guilty Wednesday to federal charges. CBS News correspondent Shanelle Kaul has more.
Ryan Routh sentenced to life in prison
Ryan Routh, the man accused of attempting to assassinate President Trump in 2024 during his campaign for a second term, has been sentenced to life in prison. CBS News legal reporter Katrina Kaufman has the latest.
Poland probing whether Epstein's "satanic circle" trafficked Polish girls
Polish leader Donald Tusk says his country will pore over the files for any evidence that Epstein's network trafficked women or girls from the country.
Space
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Space
What led NASA to delay Artemis II launch
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delays Artemis II launch
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
NASA begins mission to map the boundaries of our heliosphere
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA moon launch off until March due to issues during tests
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
iPhone flip to reportedly launch
Apple is reportedly getting ready to launch its first foldable phone. Plus, OpenAI announced it is retiring its older ChatGPT-4o. Mashable tech editor Tim Werth joins CBS News to discuss.
Tesla, Waymo leaders defend product safety
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
Reporter in Ukraine on feeling on the ground
A new round of U.S. brokered peace talks between Russia and Ukraine took place on Wednesday, even as Ukrainian President Volodymyr Zelenskyy accused Russia of violating a temporary truce. Asami Terajima, a reporter for the Kyiv Independent, joins "The Daily Report" to discuss.
Poland probing any Epstein-Russia connection
Poland says it is looking into possible connections between convicted sex offender Jeffrey Epstein and Russian intelligence services. The announcement came after the U.S. Justice Department released millions more files related to the federal investigation into Epstein. David Charter, assistant editor in the U.S. for The Times, joins "The Daily Report" to discuss.
Family friend of Guthries on disappearance
As the search for Nancy Guthrie, the mother of "Today" show co-anchor Savannah Guthrie, stretches into its fourth day, the Tucson community is gathering on Wednesday to lift up the family and pray for Nancy's safe return. A family friend of the Guthries, Sally Shamrell, joins "The Daily Report" to discuss.