September 12, 2012 |
WASHINGTON -- Several years of rising poverty in the United States came to a halt in 2011 as more workers found full-time work, but overall household incomes on average continued a decade-long slide and inequality rose further last year, the government said Wednesday. The Census Bureau's annual report on income, poverty and health insurance coverage surprised analysts, who were projecting another tick up in the poverty rate, given the still-high unemployment rate and significant layoffs last year at local government offices.
April 18, 1991 |
People living along the East Coast enjoyed the fastest income growth during the record prosperity of the 1980s, the Commerce Department said Wednesday. At the top of the list were residents of New Jersey, whose per-capita incomes jumped an average 8% annually, to $24,968, between 1980 and 1990, according to a study by the department's Bureau of Economic Analysis. The national average was 6.5% annual growth, to $18,685, for the decade.
December 23, 2010 |
The Iranian government's removal of decades-old subsidies for food and energy in an attempt to boost its troubled economy has spurred price increases on everything from fruit and vegetables to gasoline, generated work stoppages and emboldened the political opposition. In Tehran, the nation's capital, taxi fares that officially were to rise by 10% shot much higher as drivers imposed their own price increases. Some truckers across the country refused to work, complaining of government threats to revoke their permits if they raised their prices to offset higher fuel costs.
September 13, 2011 |
The number of Californians living in poverty grew for the fourth straight year in 2010, more evidence that continued high unemployment and a struggling economy are weighing on the state's families. About 6 million Californians had incomes below the federal poverty line of $22,113 for a family of four in 2010, census data released Tuesday show. That's 16.3% of the population, up from 15.3% in 2009. Nearly 1 in 5 residents lacked health insurance last year, one of the highest rates in the nation.
November 1, 1993 |
Since the early 1980s, our wages have risen and the economy has grown, which leaves many of us wondering where the money has gone. We can show, for example, that the median income of a "typical family," a two-earner, married couple, has nearly doubled from $26,879 in 1980 to $51,883 in 1993, but we can also show that what's left to spend is only $4,504 more. Those numbers tell much about why, according to consumer studies, people sense they aren't making financial progress.
November 19, 2012 |
Scientists may have discovered the secret to avoiding the fiscal cliff: Happiness. Regardless of whether money can buy happiness, being happy may actually make you more money down the road, new research finds. People who express more positive emotions as teenagers and greater life satisfaction as young adults tend to have higher incomes by the time they're 29, according to a study published Monday by the Proceedings of the National Academy of Sciences. The difference was so great that when measuring life satisfaction on a 5-point scale, a 1-point jump at age 22 made a $2,000 difference in income down the line.