Nearly a Third of Gen Z Is Living at Home (and They Plan to Stay)

And among those who moved out of their childhood bedroom, a third are spending about half of their monthly income on rent or mortgage.

#coronavirus-risks-and-safety-concerns, #generation-z, #income, #inflation-economics, #real-estate-and-housing-residential

There’s a Better Way to Measure Economic Inequality

Differences in wealth or income are not good gauges.

#auerbach-alan-j, #economics-theory-and-philosophy, #income, #income-inequality, #internal-sub-only-nl, #kotlikoff-laurence-j, #united-states-economy

The Shrinking of the Middle-Class Neighborhood

Americans are increasingly living in areas that are either much richer or much poorer than the regional norm.

#affordable-housing, #income, #income-inequality, #nashville-tenn, #real-estate-and-housing-residential

Income and Spending Rose Less Than Prices in May

After the latest monthly consumer data, some analysts expect a second straight quarter of decline in the U.S. gross domestic product.

#commerce-department, #consumer-behavior, #gross-domestic-product, #income, #inflation-economics, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy

Less Takeout, More Produce Swapping: How Inflation Is Altering People’s Behavior

From driving fewer miles to downgrading vacations, Americans are making meaningful changes to their spending. Here’s how five households are coping with the highest inflation in decades.

#consumer-behavior, #income, #inflation-economics, #mortgages, #personal-finances, #prices-fares-fees-and-rates, #unemployment, #united-states-economy

Roth I.R.A.s for Kids: First, Earn That Money

But there are rules around opening one for a child. First: The child must have earned income.

#children-and-childhood, #content-type-service, #financial-aid-education, #income, #individual-retirement-accounts, #personal-finances, #retirement

Help With Medicare Costs: What You Need to Know

Low-income Americans on Medicare can get assistance paying their premiums and other expenses. Several states have allowed more people to qualify.

#age-chronological, #content-type-service, #drugs-pharmaceuticals, #elderly, #extra-help, #federal-aid-us, #health-insurance-and-managed-care, #income, #medicare, #medicare-savings-program, #personal-finances, #poverty, #retirement

Biden’s Tax Forms Show He and the First Lady Earned $610,702 in 2021

The president and his wife, Dr. Jill Biden, also reported donations of $17,394 to 10 charities.

#biden-foundation, #biden-jill-tracy-jacobs, #biden-joseph-r-jr, #emhoff-douglas-c, #flatiron-books, #harris-kamala-d, #income, #income-tax, #philanthropy, #simonschuster-inc, #united-states-politics-and-government

Far From the Big City, New Economic Life

Incomes are low in small-town Tennessee, but so is the cost of living. That attraction could be a key to reviving many rural areas.

#economic-conditions-and-trends, #income, #labor-and-jobs, #population, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #rural-areas, #tennessee

From Liverpool to London, Inflation Means Tighter Wallets and Colder Homes

In Britain, prices are rising at the fastest pace in three decades. People on the lowest incomes are running out of ways to cut back, and the worst is yet to come.

#bank-of-england, #banking-and-financial-institutions, #coronavirus-2019-ncov, #economic-conditions-and-trends, #food, #food-banks-and-pantries, #great-britain, #income, #inflation-economics, #liverpool-england, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #real-estate-and-housing-residential

Wealth Inequality Is the Highest Since World War II

During the pandemic, the rich got a lot richer.

#income, #income-inequality, #saez-emmanuel, #united-states-economy

Cash Aid to Poor Mothers Improves Brain Function in Babies, Study Finds

The research could have policy implications as President Biden pushes to revive his proposal to expand the child tax credit.

#babies-and-infants, #babys-first-years, #brain, #child-tax-credits-and-stipends, #federal-aid-us, #income, #income-inequality, #poverty, #proceedings-of-the-national-academy-of-sciences, #research, #united-states-politics-and-government, #welfare-us

How $1,000 a Month in Guaranteed Income Is Helping N.Y.C Mothers

A new, privately funded program offers families in poverty a steady stream of cash.

#bridge-project, #citizenscommittee-for-children-of-new-york, #income, #new-york-city, #parenting, #poverty

The Missing Data in the Inflation Debate

Until we know how price spikes affect the poor, we won’t see their real impact.

#consumer-price-index, #income, #income-inequality, #inflation-economics, #interest-rates, #powell-jerome-h, #united-states-economy

Inflation Worries Say a Lot About You (and May Move Prices)

Age, region, education and income all influence what people think consumer prices will be a few years from now. And that creates a policy puzzle.

#age-chronological, #consumer-behavior, #consumer-price-index, #federal-reserve-bank-of-new-york, #federal-reserve-system, #income, #inflation-economics, #prices-fares-fees-and-rates, #research, #united-states-economy

Pandemic-Era ‘Excess Savings’ Are Dwindling for Many

The drop in cash reserves has vast implications for the working class and could dampen consumer spending, a large share of economic activity.

#consumer-behavior, #coronavirus-2019-ncov, #federal-aid-us, #income, #inflation-economics, #labor-and-jobs, #personal-finances, #prices-fares-fees-and-rates, #savings, #united-states-economy

Where Are Young People Most Optimistic? In Poorer Nations.

More than half of Americans, young and old, say children today will be less economically successful than their parents, a global survey shows.

#anxiety-and-stress, #income, #optimism, #polls-and-public-opinion, #poverty, #third-world-and-developing-countries, #youth

I Bonds, Offering a Safe Space for Cash, Get a Big Rate Bump

The rise in prices has affected not only consumer goods but some government savings bonds, and it could benefit some investors looking for safe spaces for their money.

#content-type-service, #government-bonds, #income, #inflation-economics, #stocks-and-bonds, #treasury-department

Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home

As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.

#biden-joseph-r-jr, #corporate-taxes, #corporations, #donohoe-paschal-1974, #europe, #federal-budget-us, #federal-taxes-us, #foreign-investments, #group-of-twenty, #house-of-representatives, #income, #income-tax, #internal-revenue-service, #national-assn-of-manufacturers, #organization-for-economic-cooperation-and-development, #patriotic-millionaires, #tax-cuts-and-jobs-act-2017, #tax-shelters, #treasury-department, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries, #yellen-janet-l

A Billionaire’s Tax Isn’t as Crazy as It Sounds

Parts of the existing tax code are not that different from Biden’s proposed tax on the ultrawealthy.

#high-net-worth-individuals, #income, #income-tax, #taxation, #united-states

The Economic Mistake Democrats Are Finally Confronting

The left needs to think as much about supply as it does about demand. 

#biden-joseph-r-jr, #democratic-party, #economic-conditions-and-trends, #economics-theory-and-philosophy, #income, #inflation-economics, #liberalism-us-politics, #niskanen-center, #prices-fares-fees-and-rates, #public-and-subsidized-housing, #rationing-and-allocation-of-resources, #united-states, #united-states-economy, #united-states-politics-and-government, #welfare-us

U.S. Soccer Proposes Collective Talks on Equal Pay

Seeking a new way out of a costly legal battle, U.S. Soccer’s president asks the men’s and women’s teams to negotiate together on the biggest obstacle: World Cup bonuses.

#income, #international-federation-of-association-football-fifa, #parlow-cindy, #soccer, #suits-and-litigation-civil, #united-states-soccer-federation, #united-states-womens-national-soccer-team, #women-and-girls, #womens-world-cup-soccer

China’s Xi Pressures Tycoons With ‘Common Prosperity’ Talk

As the country’s leader prepares for a likely third term, he is promising “common prosperity” to lift farmers and working families into the middle class.

#china, #communist-party-of-china, #economic-conditions-and-trends, #high-net-worth-individuals, #income, #income-inequality, #labor-and-jobs, #ma-jack, #philanthropy, #property-taxes, #socialism-theory-and-philosophy, #xi-jinping, #zhejiang-province-china

Cutting off jobless benefits early may have hurt state economies.

Prematurely ending federal programs had little effect on pushing people back to work, researchers find, but sharply cut their spending.

#american-rescue-plan-2021, #federal-aid-us, #income, #labor-and-jobs, #research, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

Women and Social Security: How to Get the Biggest Check

Women tend to live longer than men, so they need as much retirement income as possible. Whether you’re 30 or 60, here’s what you need to know.

#content-type-service, #divorce-separations-and-annulments, #elderly, #income, #longevity, #retirement, #social-security-us, #social-security-administration, #widows-and-widowers, #women-and-girls

Poor Americans More Likely to Have Respiratory Problems, Study Finds

Despite improvements in air quality and other advances, low-income Americans more often have asthma, lung disease and related illnesses.

#asthma, #centers-for-disease-control-and-prevention, #chronic-obstructive-pulmonary-disease, #income, #income-inequality, #lungs, #poverty, #race-and-ethnicity, #smoking-and-tobacco, #united-states, #your-feed-science

The Persistent Grip of Social Class on College Admissions

The SAT is falling out of favor, but factors like the essay have their own issues.

#admissions-standards, #colleges-and-universities, #income, #sat-college-admission-test, #tests-and-examinations, #university-of-california

Community College Should Be More Than Just Free

For Biden’s community college plan to work, students are going to need a holistic system of support, not just free tuition.

#colleges-and-universities, #community-colleges, #dropouts, #graduation-rates, #income, #tuition, #united-states

How to Spend Your Guaranteed Income

It’s your money; spend it on whatever you need and enjoy the peace of mind.

#food-stamps, #income, #welfare-us

Middle-Class Pay Lost Pace. Is Washington to Blame?

A new paper by liberal economists presents evidence that policymakers helped hold down wages for four decades.

#bivens-josh, #economic-policy-institute, #economics-theory-and-philosophy, #income, #income-inequality, #labor-and-jobs, #mishel-lawrence, #productivity, #united-states-economy, #wages-and-salaries

Will Songwriting Survive Streaming? Abba’s Bjorn Ulvaeus Is Worried.

One of pop’s most successful songwriters on fighting for the value of his craft, and on the young talents he admires most.

#abba-music-group, #audio-recordings-downloads-and-streaming, #content-type-personal-profile, #copyrights-and-copyright-violations, #income, #pop-and-rock-music, #royalties, #spotify, #ulvaeus-bjorn

College Athletes Seek to Use March Stage to Pressure N.C.A.A.

The #NotNCAAProperty movement is the latest iteration of long-held criticisms of how benefits for athletes have not kept up with the profits in college sports.

#basketball-college, #college-athletics, #emmert-mark, #income, #livers-isaiah-1998, #national-collegiate-athletic-assn, #ncaa-basketball-championships-men, #ncaa-basketball-championships-women

Stimulus payments start to arrive on Wednesday, although some banks gave people access already.

More payments will be made in coming weeks, including for people who will receive theirs by mail as a check or debit card.

#american-rescue-plan-2021, #biden-joseph-r-jr, #content-type-service, #income, #internal-revenue-service, #personal-finances, #stimulus-economic, #united-states

Andrew Yang Isn’t Doing His Signature Policy Right

There are better ways to follow the Rev. Dr. Martin Luther King Jr.’s call for a guaranteed income.

#income, #income-inequality, #king-martin-luther-jr, #labor-and-jobs, #united-states-economy, #yang-andrew-1975

A Safety Net for American Children

Inside the $1.9 trillion economic stimulus bill, there is a provision that is revolutionary in the way the U.S. government regards minors.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #deparle-jason, #families-and-family-life, #income, #stimulus-economic, #tax-credits-deductions-and-exemptions, #united-states-economy

Biden Agrees to Lower Income Caps For Stimulus Payments

President Biden blessed the plan to lower the income cap for Americans receiving checks of up to $1,400, a crucial concession to moderates whose backing is needed to pass the bill.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #income, #republican-party, #senate, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

Put Working Families at the Front of the Line for Help

A policy that sustains people in joblessness is not ultimately anti-poverty.

#income, #labor-and-jobs, #minimum-wage, #poverty, #republican-party, #romney-mitt, #unemployment, #welfare-us

They Were on Equal Footing. Then the Ground Shifted.

A year of pandemic restrictions has meant some friends are flush and others foundering.

#coronavirus-2019-ncov, #income, #income-inequality, #labor-and-jobs, #layoffs-and-job-reductions, #shutdowns-institutional, #stimulus-economic, #unemployment, #united-states-economy

Stimulus Checks Helped Personal Income Surge in January

Personal income and spending both surged in January as a new round of government checks hit Americans’ bank accounts.

#commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #federal-aid-us, #income, #inflation-economics, #recession-and-depression, #stimulus-economic, #united-states-economy

How to Get Really Rich!

Getting into the right job is the key.

#a-republic-of-equals-a-manifesto-for-a-just-society-book, #doctors, #income, #inequality, #labor-and-jobs, #real-estate-and-housing-residential, #wages-and-salaries

How a Minimum-Wage Increase Is Being Felt in a Low-Wage City

Is $15 an hour too much, or not enough? Fresno, Calif., may be a laboratory for a debate over the minimum wage that is heating up on the national level.

#california, #fresno-calif, #income, #labor-and-jobs, #law-and-legislation, #minimum-wage, #poverty, #prices-fares-fees-and-rates, #restaurants, #united-states-economy, #wages-and-salaries

Will the Stimulus Plan Help Working Mothers?

How President Biden’s proposed stimulus package might affect women and families.

#child-care, #children-and-childhood, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #income, #labor-and-jobs, #minimum-wage, #parenting, #stimulus-economic, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries, #women-and-girls

Changes in FAFSA May Reduce College Aid for Some Families

A new formula will no longer offer a break to many parents who have multiple children in college at the same time, experts say.

#alexander-lamar, #colleges-and-universities, #content-type-service, #financial-aid-education, #income, #murray-patty

Yang’s Rivals in the Mayoral Race Co-opt His Signature Idea

Andrew Yang favors a modified version of universal basic income that would provide payments of about $2,000 to a half million of the poorest New Yorkers.

#adams-eric-l, #democratic-party, #elections-mayors, #income, #menchaca-carlos, #morales-dianne, #new-york-city, #universal-basic-income, #yang-andrew-1975

Jobless, Selling Nudes Online and Still Struggling

OnlyFans, a social media platform that allows people to sell explicit photos of themselves, has boomed during the pandemic. But competition on the site means many won’t earn much.

#coronavirus-2019-ncov, #cyberharassment, #income, #labor-and-jobs, #layoffs-and-job-reductions, #onlyfans, #sex-work, #social-media, #unemployment

New Signs of Economic Distress Emerge as Trump Imperils Aid Deal

A decline in consumer income and spending poses a further challenge to the recovery as jobless claims remain high and benefits approach a cutoff.

#commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #federal-aid-us, #income, #labor-and-jobs, #labor-department-us, #law-and-legislation, #layoffs-and-job-reductions, #stimulus-economic, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy

ACA Open Enrollment: What If You Make Too Much for a Subsidy?

Millions of middle-income earners may find that paying for their own health care is a huge burden. Here are some tips.

#content-type-service, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #healthcare-gov, #income, #kaiser-family-foundation, #patient-protection-and-affordable-care-act-2010, #personal-finances, #tax-credits-deductions-and-exemptions, #united-states

Up to 30 Million in U.S. Have the Skills to Earn 70% More, Researchers Say

The findings point to the potential of upward mobility for people without a college degree.

#colleges-and-universities, #hiring-and-promotion, #income, #labor-and-jobs, #productivity, #research, #united-states-economy, #wages-and-salaries

Recession With a Difference: Women Face Special Burden

Hit hard by job losses and the pandemic’s effect on schooling and child care, American women face short-term difficulties and long-term repercussions.

#careers-and-professions, #child-care, #coronavirus-2019-ncov, #families-and-family-life, #income, #labor-and-jobs, #parenting, #recession-and-depression, #shutdowns-institutional, #united-states-economy, #women-and-girls

A Guaranteed Monthly Check Changed His Life. Now He Sends Out 650.

Michael Bohmeyer’s website, “My Basic Income,” has given randomly selected people almost $1,200 a month for a year to see if it improves their lives. His answer: Yes.

#bohmeyer-michael, #germany, #income, #labor-and-jobs, #my-basic-income-web-site, #research