Social Security expert Larry Kotlikoff has long encouraged you to wait until age 70 to collect your retirement benefit. But you’re not the only one who will lose by taking it early. Taking benefits before full retirement age also reduces the total lifetime benefits available to your survivors. Continue reading
According to Friday’s jobs report, the unemployment rate dropped from 6.2 percent to 6.1 percent. However, the number of Americans dropping out of the workforce rose. Sudeep Reddy, an economics editor at the Wall Street Journal joins Hari Sreenivasan from Washington to talk about the long-term effects these exits may have on the nation’s economy. Continue reading
Though economists predicted a month of strong hiring, only 142,000 positions were added to the market in August. Paul Solman explains why the growth disappointed many. Continue reading
- Noisy data aside, the big question from August’s jobs report is who’s dropping out of the workforce?
The economy added a fewer than expected 142,000 jobs last month — the lowest monthly gain of the year. But the unemployment rate ticked down to 6.1 percent, which is good news, right? Maybe not. That all depends on who’s dropping out of the workforce: baby boomers, whose departure is expected, or discouraged workers down on their luck? Continue reading
Thirty-four percent of the American workforce, or 53 million workers, are freelancers, according to a survey commissioned by the Freelancers Union released Thursday. But just how independent those freelancers are depends on what type of work they’re doing and whether or not they’re holding down other part-time or full-time jobs. Continue reading
The job hopping that has become synonymous with Millennials is a false depiction of the current predicament that they find themselves in, according to the Census Bureau. In fact, the Washington Post reports, the number of young people changing jobs in the last two years has been significantly less than generations prior, due in part to the Great Recession.
Giving — not just money — but time and talent, too, is good for us. And yet, three-quarters of Americans don’t volunteer. That’s what Christian Smith and Hilary Davidson call “The Paradox of Generosity.” In the second post adapted from their book, they look at where Americans could stand to be more generous with their family relations and neighbors. Continue reading
Given the popularity of the Ice Bucket Challenge this summer, you might think Americans are a fairly generous group. Indeed, more than $100 million has been raised for the ALS Association. But although we enjoy, and benefit from, giving money voluntarily, research from the University of Notre Dame suggests we’re not that good at it. That’s what researchers Christian Smith and Hilary Davidson call the “Paradox of Generosity.” Continue reading
Three years ago, sociologists Richard Arum and Josipa Roksa found that college students learn little while in school. Their book, Academically Adrift, shocked the academy and provoked angry responses. Now, the two provocateurs are back. Their sequel is called Aspiring Adults Adrift. It follows the same students after graduation and concludes that schools focus on social life rather than academics, and that levies a high tariff on young adults. Continue reading