September 12, 2012 |
The vise on the middle class tightened last year, driving down its share of the income pie as the number of Americans in poverty leveled off and the most affluent households saw their portion grow, new census data released Wednesday showed. Income inequality increased by 1.6 percent, the Census Bureau said in its annual report on poverty, income and health insurance. This was the biggest one-year increase in almost two decades and suggested that a trend in place since the late 1970s was picking up steam.
August 3, 2012 |
1 . Today's middle-class Americans are worse off than their parents. The standard of living for Americans in the broad middle of the income ladder — households with incomes higher than the bottom 20 percent and lower than the top 20 percent — hasn't stagnated or worsened in the past generation. It has improved. Analyzing data from the Panel Study of Income Dynamics, a long-running survey of U.S. households, the Pew Charitable Trusts' Economic Mobility Project found that as of 2000-08, 86 percent of Americans...
June 12, 2012 |
Are American unions history? In the wake of labor's defeated effort to recall Wisconsin Gov. Scott Walker (R) last week, both pro - and anti-union pundits have opined that unions are in an all-but- irreversible decline . Privately, a number of my friends and acquaintances in the labor movement have voiced similar sentiments. Most don't think that decline is irreversible but few have any idea how labor would come back. What would America look like without a union movement?
April 27, 2012
The April 14 article " Window on a great divide " ended with the commentary that the average salaries of $26,470 and $26,550 for workers in sporting goods and office supply stores, respectively, "fall short of the median household income in the U.S. in 2010, which was $49,455. " This was misleading, since dividing this amount by 1.95, the mean number of adult residents in a household in 2010, according to the Census Bureau , produces an average salary per adult of $25,361, somewhat lower than the averages cited.
March 3, 2012 |
Andrew Schiff was sitting in traffic in California after giving a speech on gold at an investment conference. He turned off the satellite radio, got out of the car and screamed a profanity. "I'm not Zen at all, and when I'm freaking out about the situation, where I'm stuck like a rat in a trap on a highway with no way to get out, it's very hard," said Schiff, director of marketing for broker-dealer Euro Pacific Capital . Schiff, 46, is facing another kind of jam this year.
February 3, 2012
A headline on the Jan. 28 Real Estate cover story said, " Tough economic times bring a more streamlined approach to modern era kitchen renovations . " The article features a Southwest D.C. couple who adopted the "smaller is better" approach by spending (only) $35,000 to remodel their kitchen cabinets. Are any other readers as dismayed by this as I am? According to Census Bureau data , the median individual income in the United States for 2010 was $27,344 and the median household income for the same period...