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

How to Hold Onto Your Money, Wherever the Market Takes You

Crises abound, yet stocks have generated strong returns. Investors had better be ready for anything.

#exchange-traded-funds, #income, #interest-rates, #money-market-accounts, #mutual-funds, #standardpoors-500-stock-index, #stocks-and-bonds

Why These Millionaires Are Staying Put Despite a New Tax on Them

The reason has little to do with money. Family and community ties keep them from leaving their state.

#coronavirus-2019-ncov, #cuomo-andrew-m, #high-net-worth-individuals, #income, #personal-finances, #sanders-bernard, #states-us, #tax-credits-deductions-and-exemptions, #taxation, #tepper-david-a, #warren-elizabeth

U.S. Household Wealth Rose Before the Pandemic, but Inequality Persisted

A Federal Reserve survey of family finances shows that inequality was high last year. It’s likely to worsen because of the pandemic.

#black-people, #coronavirus-2019-ncov, #families-and-family-life, #federal-reserve-system, #hispanic-americans, #income, #income-inequality, #labor-and-jobs, #recession-and-depression, #stocks-and-bonds, #unemployment, #united-states-economy, #wages-and-salaries

U.S. Poverty Hit a Record Low Before the Pandemic Recession

The share of Americans in poverty in 2019 declined and median incomes were the highest on record, a Census Bureau report showed.

#census, #census-bureau, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #income, #income-inequality, #labor-and-jobs, #poverty, #united-states-economy

They’re Stuck at Home, So They’re Making Home a Sanctuary

With few places to go or reasons to spend, those lucky enough to be employed remotely are upgrading their surroundings. The impulse comes with guilt.

#cookware, #coronavirus-2019-ncov, #furniture, #income, #labor-and-jobs, #quarantines, #unemployment

Here’s How Moving to Work Remotely Could Affect Your Taxes

The rules are complicated and vary by state, so accountants are advising taxpayers to keep track of how many days they spend working in each state.

#accounting-and-accountants, #coronavirus-2019-ncov, #federal-taxes-us, #federal-state-relations-us, #income, #income-tax, #new-york-state, #states-us, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states

Remote Learning Is Hard. Losing Family Members Is Worse.

I’m a low-income student in a crowded apartment, and my family is vulnerable to Covid-19. The benefits of returning to school are not worth our health.

#computers-and-the-internet, #coronavirus-2019-ncov, #coronavirus-reopenings, #e-learning, #education-k-12, #hispanic-americans, #income, #income-inequality, #united-states

Ivanka Trump and Jared Kushner Report Income of at Least $36 Million in 2019

The couple’s investments, mostly in real estate, were worth at least $204 million and as much as $783 million.

#appointments-and-executive-changes, #income, #kushner-cos, #kushner-jared, #trump-international-hotel-washington-dc, #trump-donald-j, #trump-ivanka, #united-states-politics-and-government

As $600 Unemployment Benefit Expires, Many Are in Jeopardy

A supplement to unemployment benefits is at an end, and Congress is deadlocked over new aid. For some, that means hunger, evictions or bankruptcies.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #income, #labor-and-jobs, #law-and-legislation, #personal-finances, #unemployment-insurance, #united-states-economy

Why Hunger Can Grow Even When Poverty Doesn’t

The two issues are linked, but during the coronavirus pandemic the relationship is not always simple.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #finances, #food, #food-banks-and-pantries, #food-insecurity, #food-stamps, #illegal-immigration, #immigration-and-emigration, #income, #poverty, #recession-and-depression, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

With Tourists Gone, St. Patrick’s Cathedral Pleads for Help

The Manhattan landmark is struggling to pay its bills while the pandemic keeps visitors and Midtown workers away.

#churches-buildings, #coronavirus-2019-ncov, #coronavirus-reopenings, #fifth-avenue-manhattan-ny, #finances, #income, #shutdowns-institutional

Second Stimulus Check, Unemployment, Stocks and More During Coronavirus Pandemic

If your income has fallen or been cut off completely, we’re here to help. This guide will connect you to the basic information you’ll need to get through this, including on government benefits, free services and financial strategies.

#coronavirus-2019-ncov, #credit-and-debt, #income, #layoffs-and-job-reductions, #mortgages, #personal-finances, #retirement, #unemployment-insurance

Covid-19 and the Rural Fear of ‘Taking Advantage’

In my community, angst over the idea that some might receive too much help is shaping reactions to pandemic relief.

#arkansas, #coronavirus-2019-ncov, #food, #income, #labor-and-jobs, #little-rock-ark, #recession-and-depression, #unemployment, #unemployment-insurance, #united-states, #van-buren-ark, #welfare-us