Study: America's Richest 7% Got Richer During Recovery
The richest Americans got richer during the first two years of the economic recovery while net worth declined for the other 93 percent of U.S. households, a new report says.
The richest Americans got richer during the first two years of the economic recovery while net worth declined for the other 93 percent of U.S. households, a new report says.
Years of newsroom cutbacks have had a demonstrable impact on the quality of digital, newspaper and television news and in how consumers view that work, a new study finds.
Working mothers increasingly want full-time jobs, and tough economic times might be a big reason, a Pew Research Center poll finds.
The Washington Post's Michelle Singletary calls it the "caregiver cliff." It's what will happen to the U.S. economy as a result of millions of caregivers "taking time off from work, and thus risking their jobs, or tapping into their limited resources to provide care."
Young adults are in less debt than they were a decade ago, but it's not because people under 35 have suddenly become fiscally responsible. It's more likely that their shaky economic status keeps them from qualifying for loans.
President Obama is going all out to warn Americans about what could happen if the sequester hits. The country's response: a collective yawn, as we assume that after the political grandstanding, a deal will be struck as usual. But that may not happen this time.
The announcement of Kate Middleton's pregnancy last week was joyous for the Windsor family and royal-watchers alike. But all the fuss around the story hides an uncomfortable truth: For many of us, having an heir is getting unaffordably expensive and folks feeling the pinch are putting it off.
There are many reasons the middle class feels squeezed right now: unemployment, underwater mortgages, rising college tuition. But it's a combo of three other factors that made the 2000s a lost decade for average Americans: declining household income, shrinking net worth, and a smaller middle class.
Living in multigenerational households isn't a new phenomenon: It was the norm for centuries, and in much of the world, it still is. But the financial pains of the Great Recession are pushing more of us back into into such homes -- and that could be an excellent thing.
The economy does seem to finally be rebounding, but not all that fast, and the job market is still brutal for the youngest workers. How brutal? More than half of the class of 2012 will be moving back in with mom and dad.
As Friday's Facebook IPO -- and its gory aftermath -- proves, even experts can run into trouble investing in social media. But if you're still looking to get in on the Facebook action, and want to mitigate your risks, this ETF might be the way to go.
The boom in e-readers and tablets -- such as the iPad, Nook and Kindle -- has resulted in Americans starting to read more books, according to a new study from the Pew Research Center.
Today's economy is especially rough for the young members of Generation Y. And it's hard not feel sympathetic for them ... until you hear this alarming tidbit: Gen Y believes that success comes through luck. Yes, luck, not hard work.
Do you think that the biggest conflict in America today is between the rich and the poor? If so, join the club: According to a recent Pew Research Center poll, 66% of Americans believe the wealth gap is the greatest cause of tension in this country.
Practically nobody ever reads the disclosures that came with a bank account, and that's no surprise -- they average 111 pages long. That's way too much fine print, say Sens. Dick Durbin (D-Ill.) and Jack Reed (D-R.I.), who are calling on banks to cut those disclosures down to just one easy-to-comprehend page.














