household income

Why Wall Street Paychecks Dwarf Those of Most Americans

Why is that so -- when the average worker hasn't enjoyed even a small raise? That's because Wall Street enjoys at least four major advantages that other industries can only dream about, including an implied backstop against losses by the federal government.

Consumers Lose Some Confidence in October

The Thomson Reuters/University of Michigan survey found that consumer sentiment slipped to 67.9 in October from 68.2 in September, as Americans continued to be reluctant about purchasing decisions amid uncertain income gains.