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Income

What Does The Minimum Wage Do? An Interview With Author/Economist Paul Wolfson

Jared Bernstein | Posted 07.24.2014 | Politics
Jared Bernstein

To celebrate the fifth anniversary of the last increase in the federal minimum wage and to call attention to the fact that the federal wage floor has not risen in five years, the U.S. Department of Labor has declared July 24th to be a "Day of Action."

The Case for a Guaranteed Minimum Income

David Vognar | Posted 07.08.2014 | Politics
David Vognar

The lack of a guaranteed income floor has been a social and cultural issue that has considerably affected America. It is also a leading reason why interpersonal violence, psychological struggle and economic collapse happen.

Poor Hillary?

Chris Weigant | Posted 07.02.2014 | Politics
Chris Weigant

Poor Hillary? I don't think so. I think she's perhaps a little surprised at which particular aspect of her life is now being attacked (if she had a cartoon thought bubble over her head right now, it might read: "This is all you got? Really?!?"), but I don't think she's surprised the attacks have started.

How to Increase Your Income by 60 Percent

Lauren Bowling | Posted 07.03.2014 | Money
Lauren Bowling

Let's face it -- opportunities to significantly increase your income are few and far between. Diversifying your income streams, either through multiple jobs, a side hustle, or a rental property is always a good idea.

F. Scott Fitzgerald's Last Will and Testament

Anne Margaret Daniel | Posted 07.01.2014 | Books
Anne Margaret Daniel

He died in Hollywood on December 21, 1940, eating a chocolate bar and making notes in pencil on a football story in the Princeton Alumni Weekly. The last words F. Scott Fitzgerald ever wrote complimented the author of the story: "Good prose."

Adventures in Online Dating: Should You Reveal Your Income?

LearnVest | Posted 06.25.2014 | Women
LearnVest

There are some women who only date guys with salaries in the high six-figures, but I am not one of them. Actually, my mother chastises me for dating men of modest means. And, to be honest, meeting a guy who makes six figures makes me think, Oh, he's out of my league.

America's Dying Factories Are Widening Income Inequality

AP | By MICHAEL RUBINKAM | Posted 06.16.2014 | Business

READING, Pa. (AP) — In August 2008, factory workers David and Barbara Ludwig treated themselves to new cars — David a Dodge pickup, Barbara a spor...

The Costs of Inequality to the Growth of Most Households' Incomes

Jared Bernstein | Posted 06.03.2014 | Business
Jared Bernstein

Occasionally I run into people who want to argue that the increase in inequality is just the benign outcome of "just desserts" as economist Greg Mankiw frames it. It may boost those at the top, but not at the expense of others. By this metric, not so.

The Current Economy: Green Shoots or Brown Ones?

Jared Bernstein | Posted 05.29.2014 | Politics
Jared Bernstein

I was listening to an interview with Tim Geithner this weekend, and after going through his new book, they asked him where he thought the economy was headed. "I don't believe forecasts," he said, which sounded smart to me.

7 Questions You Need to Ask About the New Qualified Mortgage Rules

Michael Corbett | Posted 07.01.2014 | Money
Michael Corbett

After a tumultuous few years in the housing market, the rules are starting to change -- for the better. Here are seven frequently asked questions about the new 'qualified mortgage' rules and answers about how it affects your mortgage.

Do You Earn a Living Wage?

Reboot Illinois | Posted 06.21.2014 | Chicago
Reboot Illinois

Debate over the minimum wage is all the rage at the moment at both the federal and state levels.

Divorce Confidential: The Importance of Being Financially Savvy During Divorce

Caroline Choi | Posted 06.18.2014 | Divorce
Caroline Choi

Budgeting your finances and being mindful of how you spend will be key in creating a foundation for a healthy financial picture going forward.

Women in the U.S. Are Still Second-Class Citizens: Not Interested? You Should Be

Samantha Paige Rosen | Posted 05.24.2014 | Politics
Samantha Paige Rosen

Despite the progress women have made in the last several decades, they are still treated like second-class citizens in all the ways that matter. Caring about the equal treatment of women in society doesn't make people feminists -- it makes them good humans.

Are you a SINK? The Manifesto for The-Single-Income-No-Kids Female

Christine Deakers | Posted 05.21.2014 | Women
Christine Deakers

What's the function of a woman who's married, yet childless? Better yet, what's the function of a woman who is single by volition, financially independent, and has no kids?

America's Most Unequal Metros

Jed Kolko | Posted 05.13.2014 | Business
Jed Kolko

Income inequality has been growing in America, driven by technology, globalization and other factors. It's caused tensions between the haves and have-...

Which Illinois Counties Have the Highest Median Income?

Matthew Dietrich | Posted 05.11.2014 | Chicago
Matthew Dietrich

The progressive tax versus flat tax debate is raging on -- if Illinois moves towards a progressive tax system, where taxes vary based on income, counties with higher median incomes will probably have a lot to say.

Sister, Can You Spare a Dime?

Nikki Luongo | Posted 04.07.2014 | Women
Nikki Luongo

The biggest concern our generation and our parents generation right now is the economic struggle to just survive.

This Is How Americans Are Grappling With Income Inequality

AP | By ADAM GELLER | Posted 04.04.2014 | Business

ASHBURN, Va. (AP) — The wealthiest county in America is settled deep in 4 a.m. slumber when Neal Breen threads the mini-mansion subdivisions and sno...

Beyonce or Poverty: Which One Will Matter to Women 50 Years from Now?

C. Nicole Mason | Posted 03.15.2014 | Women
C. Nicole Mason

Although women have made tremendous gains in terms of labor force participation, access to higher education and hold more high profile positions in government and corporations than any time other time in our nation's history, they still remain at the bottom of the economic totem pole. The question is why?

Many Americans Can No Longer Afford The Dollar Store

Quartz | Matt Phillips | Posted 01.25.2014 | Business

Quartz At first glance, the fortunes of American families have significantly improvement recently. Household net worth has rebounded back to roughl...

Amazing Grace

Linda Bloom LCSW and Charlie Bloom MSW | Posted 02.25.2014 | Healthy Living
Linda Bloom LCSW and Charlie Bloom MSW

My recovery from work addiction helped me to see that my issues were not unique to me. I was able to put things into a perspective that enabled me to recognize the cultural, social and institutional factors that contribute to the dysfunction that showed up at home and in the workplace.

Who Will Overspend This Holiday Season?

Hersh Shefrin | Posted 02.16.2014 | Money
Hersh Shefrin

The temptation to overspend is extremely strong when people do their holiday shopping. The truth is that some shoppers have more self-control than others. It's easy to come up with all kinds of anecdotes to illustrate this point, but only research can paint an accurate picture of what is going on.

Obama: Income Inequality Is 'Defining Challenge Of Our Time'

AP | Posted 12.05.2013 | Politics

BY JIM KUHNHENN, THE ASSOCIATED PRESS WASHINGTON (AP) — President Barack Obama turned his focus Wednesday to the pocketbook issues that Americans...

The Mythology of the Minimum Wage

Douglas Holtz-Eakin | Posted 01.25.2014 | Politics
Douglas Holtz-Eakin

Raise the minimum wage and combat poverty! That sounds like a great idea, but... not so fast. As it turns out, increasing the minimum wage actually hurts the working poor, is a windfall for affluent families, and raises the barriers facing the unemployed.

Want To Help The U.S. Economy? Get Hitched

Posted 11.11.2013 | Weddings

Want to do your part to help America's economy? Get married. A recent Gallup poll says that married Americans spend more money than their single c...