While many American households now face a bright and promising economic future, it is now clear that the recession and post-recession recovery has a different look and feel depending on whether you are wealthy, middle-class, or poor.
Fundamentally, most policy makers have failed to realize that those who are impacted by laws, respond to the laws accordingly.
This year's rate of food insecurity remains virtually unchanged from last year, with 14.3 percent of American households unable to consistently provide enough food for an active, healthy lifestyle for all of its members.
How can success be disaster, even in health care? As the Michael W. Smith song says, "Let me show you the way."
The latest reports from Europe indicate that the continent is slipping back into recession. The U.S. is doing only slightly better, with positive economic growth but scant progress on the jobs front, and no growth in the earnings of the vast majority of Americans. Meanwhile, global climate change continues to worsen, producing unprecedented policy conundrums of how to reconcile the very survival of the planet with improved living standards for the world's impoverished billions and for most Americans, whose real incomes have declined since the year 2000. Amid all of these serious challenges, what common strategies are top U.S. and European leaders pursuing? Why, a new trade and investment deal modeled on NAFTA, to make it harder for governments to regulate capitalism.
There's nothing wrong with staying at home, especially when it's the practical choice for a young career worker who's looking to remain in their hometown.
There you have it: two extremely prominent political figures who got rich off the housing bubble, now taking time from their busy schedule to call on the Fed to raise interest rates and destroy millions of jobs. In the "show no shame" contest, this looks like a real winner.
So there are more jobs. But they're paying less. I'd frankly rather pay my existing people a little more to get things done in order to avoid hiring a new person at a higher wage. This is why new jobs added since the recession are not paying well.
Where is the good news to get us out of this funk of no growth and the pain of the recession still lingering for businesses and individuals?
Though in an earlier study I raised some questions about the claim that high inequality dampens growth, I clearly think there's something there, especially as regards mobility barriers, over-leverage leading to inevitable busts, and the interaction of wealth concentration and money-in-politics.
I'm a 51-year-old college graduate working a $20-an-hour job clearing dirty dishes off tables at black-tie events. Back when I had money and good income, I used to attend these functions, clad in tux and tails.
My view may not have been so different from that of Maureen Dowd, who once wrote that President Obama had to look deep into his soul to determine who he was. In her view, he emerged with the realization that he was Barry, president of the Harvard Law Review.
In 2014, most experts agree that we've already escaped the worst of the recent economic trouble. As the economy slowly recovers, and rough patches like joblessness and underwater mortgages become less common, the imperative to protect your credit still remains
While the state economy appears to be on the mend, it's certainly a slow one and Illinoisans are running low on patience. Job growth during the coming months could have a telling impact in November.
On top of devastating the country, wiping out many people's savings, and increasing the obscene gap between the wealthy and the rest of us, the Great Recession may have had the side effect of increasing racial tension.
Five years after the end of the Great Recession, the economy is far from healthy. A tragic mix of budgetary blunders and congressional inaction deserve the lion's share of the blame for this.