Over the last ten years, the share of U.S. national income taken home by workers has plummeted to a record low.
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Americans Pessimistic About Income Growth
Americans tighten belts as they are squeezed by rising prices and stagnant wages.
Consumers are being squeezed on both sides by wages that aren’t increasing and rising prices. According to survey data by Goldman Sachs, the number of people who believe they will bring home more money one year from now is at its lowest in 25 years.
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Baby Boomers Face Uncertainty, Fear Outliving Their Retirement Savings
Many baby boomers fear they have not saved enough and will run out of money during their retirement.
Nearly half of baby boomers face so much uncertainty that they fear that their retirement will result in poverty, according to a new study by California-based investment advisers Financial Engines.
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Record Number of Americans Participated in Recreational Boating in 2010
32.4% of American adults participated in recreational boating in 2010
They didn’t have enough cash for a cruise to the Caribbean. They didn’t have the available credit on their credit card to charge a flight to Disney World.
But 75 millions of Americans during tough economic times the perfect little getaway in 2010: a weekend of boating.
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Top 10 Cities Where Rents Are Spiking
San Jose, California
When the landlord hikes your rent it’s usually not welcome news. But a surge in rents this year represents a counterintuitive bit of good news for the economy and perhaps even for the beleaguered housing market.
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5 Industries on the Verge of Extinction
Record store
If you read the print edition of a newspaper, still make calls over a landline or plan to rent a tuxedo for an upcoming wedding, you are doing what many of your friends and neighbors gave up long ago.
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CEO Pay Jumps 27% While Workers’ Pay Stalls
The highest paid of the CEOs was Philippe Dauman, CEO of Viacom.
CEOs didn’t have to cry poor for long. The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.
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Gen Y Just Slow Starters, Not Slackers: Study
Dependence on Mom and Dad prepares them to be successful adults.
Generation Y is often thought of as a slacker group of young adults who have failed to launch, delaying real careers and families until later in life. But new research suggests their heavy dependence on Mom and Dad might ultimately prepare them to be successful adults.
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Unemployment Rates Decline While Underemployment is on the Rise in the U.S.
Study finds no one is immune to the possibility of experiencing underemployment.
While unemployment has been a frequent topic of discussion during the recession, underemployment and its effects have not, even though the number of underemployed workers has also increased. A study published online last week in the Journal of Management, “‘I Have a Job, But…’ A Review of Underemployment,” by University of Nevada, Reno Assistant Professor Frances M. McKee-Ryan and University of Alabama Assistant Professor Jaron Harvey brings attention to the topic and its potentially detrimental effects to individuals, organizations and society.
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1 in 4 U.S. Counties Are Dying
A coal truck drives through an railroad tressel near downtown Welch, W.Va.
Nestled within America’s once-thriving coal country, 87-year-old Ed Shepard laments a prosperous era gone by, when shoppers lined the streets and government lent a helping hand. Now, here as in one-fourth of all U.S. counties, West Virginia’s graying residents are slowly dying off.
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Tennessee College Bucks the Trend by Lowering Tuition
Sewanee, a Tennessee liberal arts college.
For those who wonder how college tuition costs manage to keep rising year after year, apparently defying laws of economic gravity, Sewanee, a liberal arts college in Tennessee, has an answer: they can’t. On Wednesday, Sewanee announced that it will cut its $46,000 annual bill for students by 10 percent in the fall.
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Survey Finds Recession Can Strengthen a Marriage
Recession strengthens marriage vows.
While money problems sometimes strain a marriage, the opposite may also hold true: More than one-quarter of married Americans polled in a recent survey said the current recession has strengthened their union.
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