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.
September 27, 2010 |
For all the talk these days of porous borders and external threats to the United States, the core of our sense of security and identity as a nation has always come from within. What's surprising, perhaps, is that it derives less from our vaunted democracy or our freedoms than it does from that rather nebulous notion we call the American dream. The dream is the glue that keeps us all together. It's the vague promise that our lot will get better over time that gives us the patience to endure whatever indignities we suffer at the moment.
December 3, 2012 |
Speaking to donors after the election, Mitt Romney attributed his loss to President Obama to the administration's strategy of "giving a lot of stuff" to blacks and Latinos, citing in particular "free healthcare" and "amnesty for the children of illegals. " But data show a more plausible explanation: Black, Latino and Asian American voters, who overwhelmingly voted for Obama, were simply evaluating the long-term record of each party. The data we analyzed show unequivocally that minorities fare better under Democratic administrations than under Republican ones.
December 21, 2012 |
WASHINGTON - With the sudden collapse of House Speaker John A. Boehner's Plan B to avert most year-end tax increases, President Obama and congressional leaders face a daunting choice: compromise in the few days remaining before tax hikes and spending cuts kick in, or call it quits and soar off the "fiscal cliff. " Obama appeared in the White House briefing room late Friday to urge congressional leaders to at least prevent income tax increases on household income of less than $250,000, continue long-term unemployment benefits and delay the mandatory spending cuts set to begin in January.
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.