Oct 04 Why Millennials are struggling, grannies are thriving, and what to do about it A "lost decade" has made it difficult for millennials to launch careers and cost them earnings. It takes them longer than young adults in their parents' generation to reach the middle of the wage distribution. Photo courtesy of Flickr user… Continue reading
Oct 04 Why Millennials Are Struggling, Grannies Are Thriving, and What to Do About It By Anthony Carnevale, Andrew Hanson and Artem Gulish It takes millennials longer than young adults in their parents' generation to reach the middle of the wage distribution. Photo courtesy of Flickr user Clint McMahon. Editor's Note: Millennials are the most… Continue reading
Oct 03 One-week shutdown will reduce 4th quarter growth The Committee for a Responsible Federal Budget assembled analysts' and banks' predictions of how the shutdown will affect GDP growth into what WonkBlog is calling, "How the shutdown hurts the economy, in one chart." "The consensus is… Continue reading
Oct 03 Treasury warns of catastrophic consequences if debt ceiling isn’t raised Photo by Flickr user Tyler Merbler The U.S Treasury warns that a failure to raise the debt ceiling would have devastating economic consequences that could lead to a recession as severe, or worse, than the events of 2008. Continue reading
Oct 03 Financial savvy peaks at age 53: what to do when you get stupid Make your financial decisions and establish a source of guaranteed income before your mental capacity to do so declines, says Lew Mandell. Photo courtesy of Flickr user Keoni Cabral. Continue reading
Oct 03 Financial Savvy Peaks at Age 53: What to Do When You Get Stupid By Lew Mandell Make your financial decisions before your mental capacity to do so declines, says Lew Mandell. Photo courtesy of Flickr user Keoni Cabral. Lew Mandell, author of "What to Do When I Get Stupid: A Radically Safe… Continue reading
Oct 02 Watch How long before shutdown has major impact on the economy, private sector? How long before shutdown has major impact on the economy, private sector?… Continue watching
Oct 02 Did we really add 166,000 jobs? By Simone Pathe Service sector employers added the most jobs in ADP's monthly payroll report released Wednesday. But that report can't take the place of the Bureau of Labor Statistics data we'd get Friday if the government weren't shut down. Photo courtesy of… Continue reading
Oct 02 Did We Really Add 166,000 Jobs? By Simone Pathe Service sector employers added the most jobs in ADP's payroll report released Wednesday. But that report can't take the place of the Bureau of Labor Statistics data we'd get Friday if the government weren't shut down. Photo courtesy of Daniel… Continue reading
Oct 02 Are our parents stealing from our kids? No, they’re not Spending on children's services does not preclude spending on seniors -- just the opposite, argues Dean Baker. Photo courtesy of Flickr user Bruce Tuten. Continue reading