Lee Legal keeps abreast of the local economy in Virginia, Maryland, and Washington, D.C. so you benefit from current developments. Lee Legal examines the legal and financial big picture to determine what options are best for you.

From income inequality to minimum wage to personal finance issues, we want you to feel comfortable with the solutions we present. Context is important.

Are You ALICE? 43 Percent of All Americans Are

June 8, 2018 Brian V. Lee

The United Way has released a study on Americans they classify as ALICE, which stands for Asset Limited, Income Constrained, Employed. The study found that this group does not make the money needed “to survive in the modern economy.” Are you [ . . . ]

How Do We Reverse Extreme Wealth Concentration?

February 19, 2018 Brian V. Lee

The Institute for Policy Studies (IPS) published a white paper titled Billionaire Bonanza: The Forbes 400 and the Rest of Us. The IPS is a multi-issue think tank that has been conducting research on inequality for more than 20 years. The key [ . . . ]

Are We All Just Jealous of the 1 Percent?

January 3, 2017 Brian V. Lee

Wealth Inequality The Walton family owns Walmart. They also own more wealth than 40 percent of all Americans. The 400 wealthiest people in the nation own more wealth than 61 percent of the country combined, or about 194 million people. Do we envy [ . . . ]

American Employees: Consumers or Costs?

August 22, 2016 Brian V. Lee

Henry Blodget, CEO of business news site Business Insider, recently published a blog titled Time for a Better Capitalism. The article examines how U.S. corporations think of American employees as “costs,” instead of as consumers. Blodget claims that shift has, over time, fundamentally changed [ . . . ]

Income Inequality and Income Mobility Go Hand in Hand

August 15, 2016 Brian V. Lee

I have previously written about the stunning state of income inequality in America. Two necessary ingredients of Americanism — meritocracy and momentum — are missing in America today. This article looks the relationship between income inequality and income mobility. We define income inequality as [ . . . ]

Happy Equal Pay Day from Lee Legal

April 12, 2016 Brian V. Lee

The United States celebrates Equal Pay Day today. The purpose of the day, which was first observed in 1996, is to mark how long women must work to earn what men earned in the previous year. On average, a woman [ . . . ]

Increasing Debt is the New Economic Crisis

March 17, 2016 Brian V. Lee

A Time article Why the World’s Debt Epidemic May Lead to a New Economic Crisis (free for subscribers) posits that there is an unprecedented amount of public, private and consumer debt in the world today. Specifically, there’s now $57 trillion [ . . . ]