The Great Recession officially ended in mid-2009, but a recent Census Bureau report shows that, for the average American family, 2010 only brought increased misery: Household incomes plummeted last year, while the number of people living in poverty rose sharply to an all-time high.
Hunger is not discriminatory, and it's everywhere. That's the message of a new study that shows children are struggling with hunger in every county and congressional district in America. But the Map the Meal Gap report also shows which states and regions are suffering disproportionately.
Poverty has been rising even faster in the suburbs than it has in cities -- about five times faster, according to the Brookings Institute. To help understand this phenomenon, 24/7 Wall St. has analyzed the 10 metropolitan areas with the highest rates of poverty in their suburbs.
Getting even a tentative handle on the multi-trillion dollar federal budget is no easy matter. Still, as the debate surrounding U.S. spending, taxes and the looming debt ceiling continues, it's worth asking: Exactly how does America spend all that cash, and what do the choices being debated really mean?
Divorce is a common affair in America today, but it hits some groups harder than others. Yes, race can be a factor -- but far more telling is financial status, among other things. For answers, 24/7 Wall Street digs into the Census Bureau%u2019s May report, Number, Timing, and Duration of Marriages and Divorces: 2009.
On Monday, the FBI trumpeted the news that violent crime dropped 5.5% in 2010 while reported property crimes fell 2.8%. The news, though, is not all so positive. A 24/7 Wall St. review of the data shows that violent crime rose in a several of the largest and poorest cities in the U.S.
In a one-on-one interview with DailyFinance, Paul Mitchell CEO John Paul DeJoria discusses the hair-care industry, his philanthropy efforts and why the company won't go public. "If Paul Mitchell went open market, I'd double my business overnight. But I always said that if we were lucky enough to make it, we'll be the only ones that never sold you out."
In a somewhat surprising report, The U.N. Environment Programme says one of the most promising green industries -- at least when it comes to creating economic growth, reducing poverty, fueling job creation and addressing major environmental challenges -- turns out to be tourism.
As earlier bouts of alarmism over Europe, then a double-dip recession and then deflation fade away, a new bogeyman is taking their place: Inflation, and the damage it could do to profits and stocks. Yes, prices are rising, but the main pain will be felt most among America's poorest.
The economy may be rebounding, but the benefits have yet to filter down to the hundreds of thousands of homeless Americans. Here's the story of one homeless mother: how she wound up in a shelter in a tough town and how the world looks from her perspective.
Mike Rowe, host of TLC's Dirty Jobs, knows a lot about tough jobs, but the toughest one he's tackling is helping America's veterans find employment. Rowe notes that joblessness for returning servicepeople is over 18%, adding "It's a scandal."
While the Great Recession caused the U.S. poverty rate to hit a 15-year peak, a longer trend has seen suburban poverty increasing. According to a new report, the recession only exacerbated the problem, with social safety nets providing fewer services to meet the rising need.
"More food stamps? Or more paychecks?" Former Speaker of the House Newt Gingrich suggests that's how the GOP should couch the national policy debate before the midterm elections. But will it work?
More than 43 million Americans were living in poverty in 2009, the largest number recorded in the 51 years of published estimates. The Census Bureau also said that the percentage of people without health insurance hit a record level.
