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.
Live
At least 4 U.S. troops dead as Iran lashes out at America's Gulf allies
Day 3 of the U.S.-Israeli war on Iran sees America's military death toll rise to four, and skies full of missiles as Persian Gulf allies take hits.
Pete Hegseth says Iran military mission will not be "endless"
The Pentagon announced Monday that a fourth American service member has been killed in Operation Epic Fury.
Texas gunman wore "Property of Allah" hoodie during attack, sources say
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
4 U.S. service members killed in Iranian strike in Kuwait, Pentagon says
The first U.S. casualties of the war with Iran occurred among American personnel based in Kuwait.
3 U.S. F-15s mistakenly shot down by Kuwait but all crew safe
Three American fighter jets were "mistakenly shot down by Kuwaiti air defenses," CENTCOM said in a statement Monday, as the war with Iran continued for a third day.
Iranian Prince Pahlavi says "this is our chance" after Khamenei's death
Prince Reza Pahlavi, a leader of the opposition to the Islamic Republic, discusses whether regime change is coming, who leads a transition, and nuclear weapons.
Trump says operations will "continue until all of our objectives are achieved"
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
Map shows U.S.-Israel military strike locations across Iran
A map created by the CBS News data team shows the strike locations across Iran, including the capital and the site of a major nuclear facility.
Exclusive
AI executive Dario Amodei on the red lines Anthropic would not cross
The CEO of Anthropic says his company refused to allow its technology to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement).
U.S.
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Woman and dog killed, 3 others stabbed in road rage incident on D.C. beltway
Virginia State Police were called to Interstate 495 southbound near exit 52 in Annandale, Virginia, around 1:20 p.m. on Sunday for a reported road rage incident.
Stock futures dive, oil prices jump as U.S. war in Iran rattles investors
Stock markets in the U.S. are poised to drop amid concerns that the U.S.-Israel attacks on Iran could drive up energy costs.
Pete Hegseth says Iran military mission will not be "endless"
The Pentagon announced Monday that a fourth American service member has been killed in Operation Epic Fury.
3 U.S. F-15s mistakenly shot down by Kuwait but all crew safe
Three American fighter jets were "mistakenly shot down by Kuwaiti air defenses," CENTCOM said in a statement Monday, as the war with Iran continued for a third day.
Trump says operations will "continue until all of our objectives are achieved"
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
MoneyWatch
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Stock futures dive, oil prices jump as U.S. war in Iran rattles investors
Stock markets in the U.S. are poised to drop amid concerns that the U.S.-Israel attacks on Iran could drive up energy costs.
Oil prices rise sharply in market trading after attacks disrupt supply
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
Exclusive
Anthropic CEO says he's sticking to AI "red lines" despite clash with Pentagon
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
Hegseth declares Anthropic a "supply chain risk to national security"
Defense Secretary Pete Hegseth deemed artificial intelligence firm Anthropic a supply chain risk on Friday, following days of increasingly heated public conflict with the AI company.
Robots, already in hospitals, are ready to roll in other industries
In the years to come, robots will help offset worker shortages in health care, manufacturing and other industries, experts say.
Politics
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Melania Trump presiding over U.N. Security Council meeting
The White House announced first lady Melania Trump would preside over the meeting last week before the U.S. and Israel launched a joint military mission in Iran.
Pete Hegseth says Iran military mission will not be "endless"
The Pentagon announced Monday that a fourth American service member has been killed in Operation Epic Fury.
Trump says operations will "continue until all of our objectives are achieved"
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
Lawmakers stress new urgency around war powers votes after Iran strikes
Efforts in Congress to block President Trump from using further military force against Iran without support from lawmakers have intensified after the U.S. and Israel launched a massive military operation.
Trump signals willingness to talk to new Iranian leadership as strikes continue
President Trump said Sunday that he is willing to speak with the new leadership in Iran following the death of Supreme Leader Ayatollah Ali Khamenei.
HealthWatch
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Chocolate supplement recalled over erectile dysfunction drug
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
College student's mystery illness diagnosed as Stage IV cancer
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
Medicaid is paying for more dental care. GOP cuts threaten to reverse the trend.
More than three dozen states cover dental services for people on Medicaid, but with about $900 billion in cuts expected to hit states over the next decade, many programs could roll back dental coverage.
Health premiums threaten their nest egg. A terminal diagnosis may spare it.
Chaz and Jean Franklin were facing a sevenfold increase in their health premium payments with the expiration of enhanced federal subsidies for Affordable Care Act plans. Then Jean received a crushing diagnosis.
Could "kidulting" be the way to take the work out of your workout?
A British gym chain is offering classes in "kidulting," luring adults into fitness with classes built around playground and PE class classics.
World
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Melania Trump presiding over U.N. Security Council meeting
The White House announced first lady Melania Trump would preside over the meeting last week before the U.S. and Israel launched a joint military mission in Iran.
Pete Hegseth says Iran military mission will not be "endless"
The Pentagon announced Monday that a fourth American service member has been killed in Operation Epic Fury.
El Nino could return this year and make Earth even hotter
The weather phenomenon known as El Nino could form later this year, potentially pushing global temperatures to record heights, researchers say.
3 U.S. F-15s mistakenly shot down by Kuwait but all crew safe
Three American fighter jets were "mistakenly shot down by Kuwaiti air defenses," CENTCOM said in a statement Monday, as the war with Iran continued for a third day.
Photos showing last moments of men executed by Nazis appear on eBay
The photos showed "the last moments" of 200 men executed at an Athens shooting range on May 1, 1944, Greece's the culture ministry said.
Entertainment
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Entertainment
Brad Falchuk discusses "Famous Last Words"
Brad Falchuck, the host and executive producer of "Famous Last Words," speaks about the series and his meaningful conversation with actor Eric Dane, who died last month from ALS. In the show, Falchuck sits down with public figures for an in-depth conversation, but the interviews only air after the subject dies.
USA hockey stars joke about "Heated Rivalry" and Trump invite on "SNL"
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Extended interview: Marc Shaiman
In this web exclusive, composer Marc Shaiman, a Tony Award-winner for "Hairspray," and a seven-time Oscar nominee, talks with Tracy Smith about his career; his new memoir, "Never Mind the Happy: Showbiz Stories From a Sore Winner"; and his collaboration and friendship with Rob Reiner.
Broadway, Hollywood composer Marc Shaiman on being a "sore winner"
A Tony Award-winner for "Hairspray," and a seven-time Oscar nominee, Marc Shaiman has written about his nearly 50 years in show business in a new memoir, "Never Mind the Happy: Showbiz Stories From a Sore Winner."
Broadway and Hollywood composer Marc Shaiman
A Tony Award-winner for "Hairspray," and a seven-time Oscar nominee, Marc Shaiman has written about his nearly 50 years in show business in a new memoir, "Never Mind the Happy: Showbiz Stories From a Sore Winner." Shaiman talks with Tracy Smith about collaborating with Billy Crystal on parody songs for the Oscars; composing scores for Rob Reiner's films; and why he says, beginning as a piano prodigy at age 16, "there was no stopping me."
Technology
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Exclusive
AI executive Dario Amodei on the red lines Anthropic would not cross
The CEO of Anthropic says his company refused to allow its technology to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement).
AI company Anthropic's Dario Amodei: "We are patriots"
Dario Amodei, co-founder and CEO of the artificial intelligence company Anthropic, says his company refused to allow its AI product, Claude, to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement). That prompted President Trump to announce Friday that he is banning Anthropic's technology from all federal use, while Secretary of Defense Pete Hegseth labeled the company "a supply chain risk to national security." Amodei talks with correspondent Jo Ling Kent about why he calls the administration's actions "retaliatory and punitive."
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.
Exclusive
Anthropic CEO says he's sticking to AI "red lines" despite clash with Pentagon
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
Anthropic CEO on "punitive" Pentagon action
In an exclusive interview with CBS News, Anthropic CEO Dario Amodei said that the Pentagon's decision to designate the AI company a supply chain risk is "retaliatory and punitive." The Pentagon made the designation, which restricts military contractors from doing business with Anthropic, after the company refused to give the military unfettered access to its AI model.
Science
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NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Crime
More Crime
Woman and dog killed, 3 others stabbed in road rage incident on D.C. beltway
Virginia State Police were called to Interstate 495 southbound near exit 52 in Annandale, Virginia, around 1:20 p.m. on Sunday for a reported road rage incident.
Austin bar shooting being linked to terrorism
New details are emerging about the apparent suspect who police say killed two people and wounded 14 at a bar in Austin, Texas, over the weekend. CBS News' Jason Allen reports.
Austin bar shooting may have been terror attack
The FBI is investigating a shooting that killed two people at an Austin, Texas, bar as a possible terror attack. Jason Allen reports.
2 dead, 14 hurt in Texas bar shooting
At least two people were killed and 14 were injured in a mass shooting outside an Austin, Texas, bar, authorities said Sunday. There were indicators on the suspect and in his vehicle that suggest a "potential nexus to terrorism," but it's too early to determine the motivation, FBI Acting Special Agent Alex Doran said during a briefing Sunday. CBS News' Anna Schecter has the latest.
Texas gunman wore "Property of Allah" hoodie during attack, sources say
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
Space
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Space
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Safety concerns over NASA's Artemis program
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA rolls Artemis II back for repairs
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
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
Anthropic CEO speaks out
Anthropic's CEO spoke exclusively to CBS News amid a disagreement between the company and U.S. government over limits on how its AI model could be used. The Pentagon wants total access without restrictions. Anthropic's CEO says, "I think we are a good judge of what our models can do reliably ... and what they cannot do reliably." The interview happened just prior to the U.S. launching its attack on Iran.
Brad Falchuk discusses "Famous Last Words"
Brad Falchuck, the host and executive producer of "Famous Last Words," speaks about the series and his meaningful conversation with actor Eric Dane, who died last month from ALS. In the show, Falchuck sits down with public figures for an in-depth conversation, but the interviews only air after the subject dies.
Hegseth addresses Iran war
Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine held a press conference Monday, addressing the war in Iran and confirming a fourth U.S. service member has died from their injuries. Charlie D'Agata and Sam Vinograd report.
Analysis of U.S.-Israeli war on Iran
CBS News contributor H.R. McMaster, a former Army lieutenant general and former national security adviser in President Trump's first term, joins "CBS Mornings" to break down the latest on the conflict in Iran.
Pentagon on U.S.-Israeli war on Iran
Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine held a press briefing on Monday and broke down the reasons behind the U.S. and Israeli strikes on Iran that erupted Saturday. Gayle King anchored this CBS News special report.