The gap between the household wealth of black and white families is massive. There are lots of reasons for this difference and a new study offers great data on one of them: the need to assist poor relatives.
While giving a raise worth more than $3,000 a year to the country's lowest paid workers is definitely a good thing, it is hard to get too excited about a situation in which these workers will still be earning less than their counterparts did almost 50 years ago.
While college completion certainly gives you a solid leg up, both in terms of jobs and earnings, it doesn't inoculate you against global wage arbitrage, accelerating labor-saving technology, and high unemployment.
Just Like My Child Foundation officially signed a covenant with community members for a sustainable water irrigation project, which aims to generate income within the community of Keur Cheikh in Senegal.
Americans saw a hit in their paychecks this week, which makes things harder on working families. Payroll taxes were raised by 2 percent. This means less money for necessities like gas, clothing, groceries and entertainment. Here are some ways to combat it.
What irritates me is the extent to which Noonan is still out of touch with reality when it comes to the Republican brand. As long as Republicans can't see that people making $400,000 a year are actually rich, they will have a hard time building a new constituency for their party.
The World Bank has been tracking the world progress against poverty since the late '80s, but the release of 2008 data was the first time in which all regions of the developing world showed a decline in the number of people living below poverty lines!