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.
Back in January I posed a question regarding the health of our economy and the job market. Finally a new study has attempted to answer it.
Are you worried about the government running deficits in the hundreds of billions of dollars and a debt in the trillions? If so, then you should be really angry at people calling for the Federal Reserve Board to raise interest rates.
If the latest unemployment report tells us anything, it is that government isn't the problem that has caused the weak U.S. recovery, but a private sector that is focused solely on maximizing profits for their investors and CEOs, rather than creating more jobs.
How can we look into the eyes of these unemployed workers -- or ourselves in the mirror -- without acknowledging our failure to address this crisis? Don't we have a moral obligation to our fellow Americans who had nothing to with creating this ongoing jobs crisis?
Maybe it's worth asking if the numbers aren't the problem. Maybe the main problem in the U.S. economy at the moment is not structural, but psychological. Maybe America's got the blues, and that pessimism is keeping us down.
I'm really shocked at how efficient this new life phase has forced me to be -- and how tolerable it actually is.
In a surprisingly downbeat look at last month's job market, today's jobs report shows payrolls up only 142,000 in August, a downward revision to June's gain, flat weekly hours, and a slight tick down in the labor force.
Fundamentally, most policy makers have failed to realize that those who are impacted by laws, respond to the laws accordingly.
I want to buy a house. Would you be willing to loan me $250,000 for 30 years at 4.25 percent? Your answer is crucially important. Before you answer, keep in mind that you will be taxed on the interest you receive.
Huffington Post Reader Question Dear Steve, I lost my job (no advance notice) in June 2007. I was unemployed for 75% of the next 5 years. I work...
There is no job security anymore. It doesn't matter how long you've been at a place or how good a job you did. It doesn't matter how many nights and weekends you worked or how many times you chose work over family. The reality is times have changed
It's the starving part of artist that Daniel Francis finds hard to stomach. His hang-dog jeans, cuffed at the ankles to take up the slack, were made for a much weightier man, the one he used to be.
We should do more to help potential entrepreneurs in places where domestic economies are too weak to assist. If we give this effort a higher priority in our country's foreign policy, we can create a healthier balance of world commerce.
Our elected representatives would rather upset those who come back from the office or the factory than those returning from the supermarket. The person elected chooses to encourage the lowering of product prices because that appeals to the consumer, even though this decrease favors imports and hurts local workers. The elected official chooses to increase taxes on work and to lower taxes on consumption: more income tax and less value added tax.
There are 10.6 million poor people who have a job, and often head households with children. Modest policy efforts can help change the negative dynamics that poverty creates. Luckily, there are tools that can help and which have a proven track record.