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
Tehran threatens to retaliate after U.S. attacks vital Iranian oil hub
President Trump said that other countries would join the U.S. in sending warships to the Strait of Hormuz, but did not share more specifics.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
Trump thanks TSA agents working with no pay amid government shutdown
TSA officers faced their first full missed paycheck Friday.
Russian strike on Kyiv region kills 4 people and wounds at least 15
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
U.S.
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Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
2 former federal workers turned their firings into a movement to help others
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
U.S. identifies 6 service members killed in refueling aircraft crash in Iraq
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
MoneyWatch
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How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Chart shows what you're paying for when you buy a gallon of gas
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
High oil prices are boosting airfares. These tips could save you money.
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
These 2 bills would erase income taxes for millions of Americans
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Toyota recalls 550,000 Highlander SUVs because seats may fail to lock
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
Politics
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2 former federal workers turned their firings into a movement to help others
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
HealthWatch
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A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Disease once linked to mining hits workers in countertops industry
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
World
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U.S. identifies 6 service members killed in refueling aircraft crash in Iraq
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
Pope Leo moves into papal residence eschewed by Pope Francis
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
Russian strike on Kyiv region kills at least 6 people and wounds dozens
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
Entertainment
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Entertainment
Why the paparazzi aren't what they once were
The Academy Awards are on Sunday night and Hollywood's biggest stars will be under the watchful eye of the paparazzi. Barry Petersen reports that those who once made a lot of money for their shots are no longer.
Meet one of the last true paparazzi
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Oscars 2026 predictions
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Jay Buchanan performs "Deep Swimming"
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Deep Swimming."
Jay Buchanan performs "Sway"
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Sway."
Technology
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Technology
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberates in social media trial
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
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.
Crime
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Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Players Championship start delayed amid manhunt for murder suspect
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Judge in Charlie Kirk murder case makes ruling on media access
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
FBI: Synagogue attacker died by suicide
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials give update on synagogue attack
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
Space
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Space
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Jocelyn Peters and the Notebook
Why did a man eat pages from a notebook when facing questions about the murder of a third grade teacher? "48 Hours" correspondent Anne-Marie Green reports.
Watch: TSA lines amid DHS shutdown
Since the Department of Homeland Security shut down last month, Transportation Security Administration employees have been working without pay. Travelers around the U.S. saw long lines and delays as the agency grappled with staffing shortages and resignations.
Choke Point | Sunday on 60 Minutes
Iranian attacks on tankers and cargo ships have choked the flow of oil and goods through the Strait of Hormuz, a narrow passage connecting Persian Gulf oil producers to global markets. The disruption threatens to drive U.S. gas prices to record highs.
Two fired federal workers helping others like them
Two former federal workers are turning their firings into a movement to help others. Nikole Killion has their story.
Fliers facing long lines in U.S. amid DHS shutdown
Fliers in the U.S. experienced long lines at security as TSA agents worked without pay. Tim McNicholas has more on the major problems looming this spring break.