Economy

EDITORIAL: Obama regulatory agenda quietly belts economy on holiday weekend

Editorial via the Las Vegas Review-Journal  “The new package — the highest-priority rules for federal agencies in the coming year — is bigger than the previous agenda and contains 3,415 regulations, including 189 new rules that will cost the economy more than $100 million apiece. Its rollout marks the fifth time the Obama administration has […]

Things the middle-class can no longer afford

Business Insider ranked some of the things today’s ‘middle-class’ can no longer afford. Vacations – A Statista survey found that this year 54% of people gave up purchasing big ticket items like TVs or electronics so they can go on a vacation. New Car – “Median-income families in only one major city [Washington DC] can afford […]

Half of Households Don’t Have Enough Savings for Emergencies

Nearly half of all households in major cities don’t have enough money saved to cover essential expenses in an emergency, according to a study that the Corporation for Enterprise Development and reported by The Upshot in the New York Times. For many Americans, living without any cushion can lead to financial disaster. “This is not […]

A Quarter of Americans “Just Getting By”

One in four Americans said that they’re “just getting by” and one in three said that, “they were somewhat worse off or much worse off than before the Great Recession hit in 2008.” Why are so many people sour about their economic well-being? According to the Associated Press’ analysis, it’s because “Millions are working part […]

Study: More Than 35% of Americans Have Been Reported to Collection Agencies

The Associated Press reports that, “More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even past-due […]

Unemployed Americans Nearly Twice As Likely To Be Depressed

National Journal’s Matt Berman writes about tough news regarding America’s unemployed.  “The longer Americans are out of work, the greater the risk that they will become depressed. That’s according to new data released from Gallup from a yearlong survey of 356,599 Americans. The risk of depression gets especially severe at unemployment’s high end: While the […]

Income Inequality Highest in Urban Areas

Bloomberg Rankings, drawing on U.S. Census data, have measured the level of inequality in each of the 435 U.S. congressional districts. It’s a fascinating list that reveals all sorts of interesting things.

Almost 1/5 of Homeowner Mortgages Still ‘Underwater’

The Wall Street Journal’s Conor Dougherty reports that, “Nearly 10 million U.S. households remain stuck in homes worth less than their mortgage and a similar number have so little equity they can’t meet the expenses of selling a home, trends that help explain recent sluggishness in the housing recovery.” At the end of the first […]

Jobs Remain Top Concern Among Americans

Twenty percent of Americans name unemployment or jobs as the most important problem facing the country in May, up from 14% who mentioned these issues in April, according to a recent Gallup survey.

College Debt Keeps Grads From Buying Homes

The share of twenty-five-year-olds with student debt continued to increase in 2013, with average student loan balance reaching $20,926, according to a new report by Liberty Street Economics. For those twenty-five-year-olds with student loans, student debt now comprises 69 percent of the debt side of their balance sheets. Given the increased popularity of student loans, […]