Americans’ ability to access basic life necessities are at recession lows. And the country likely won’t catch up with pre-recession incomes for a long time. Gallup’s Basic Necessities Index fell to a level on bar with lows measured in February and March 2009. At the same time, the U.S. median income declined 7 percent in the [...]
While the wealthiest people in the U.S. continue topull further and further ahead of the rest of society, the Great Recession has left millions out of work and even more living in poverty. Indeed, nearly one in six Americans are struggling to get enough to eat. And that has placed an ever-growing number of people in [...]
Children that grow up in poor neighborhoods have a significantly reduced chance of graduating from high school, according to a study in the October issue of the American Sociological Review Black children who grow up in neighborhoods with high levels of poverty and unemployment have a 76 percent chance of graduating from high school, compared to a [...]
The American economy may be faltering, but corporate executives needn’t worry: Regardless of how well they perform, each one of them stands a good chance of getting paid as much as all the others — if not more. That’s because of a practice known as “peer benchmarking” — a widely used method wherein corporations set [...]
Twenty-five percent of very young children in America are living in poverty, according to an analysis of Census data released Thursday. The number of children under six living in poverty rose to 5.9 million in 2010 from 5.7 million in 2009, researchers from the Carsey Institute at the University of New Hampshire found. The ranks of [...]
The closer one looks at the Census data on American poverty, the more discouraging it becomes. It was already known that the national poverty rateclimbed to 15.1 percent last year, the greatest percentage since 1993, and that the actual number of Americans living in poverty had hit 46.2 million, the highest number since the Census [...]
WASHINGTON — The Obama administration says that if Congress fails to reauthorize extended unemployment insurance, 6 million people will lose benefits next year. Starting in January, laid-off workers will be ineligible for further federal benefits after they’ve used up 26 weeks of state benefits (some states now provide fewer than 26 weeks). The average unemployed [...]
On a steamy summer morning inside the 116th Street food pantry in Harlem, Georgiana Williams moves slowly through the aisles. For Williams, this is important but exhausting business. This is how and where she manages her family’s poverty week to week. Williams picks out two bags of brown rice and a bag of split green [...]
As the American economy struggles to shake off a torpor that threatens to drag the country back into recession, the gap continues to grow between the nation’s richest citizens and everybody else. The economy is in evident peril, with unemployment high, wages falling, the housing market treading water and growth so slow as to be [...]
The promise of the American dream has given many hope that they themselves could one day rise up the economic ladder. But according to a study released Tuesday, those already in financially-stable circumstances should fear falling down a few rungs too. The study, by the Pew Charitable Trusts, found that nearly a third of Americans who [...]
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