Retirement incomes will become more unequal, study finds, By Annie Nova, August 7, 2018, CNBC: “If income inequality continues to grow, so too will the gap between wealthy and struggling retirees. That’s the takeaway from a new report by the Urban Institute, a progressive think tank in Washington, D.C., and funded by the Department of Labor, which analyzed how rising inequality will shape the landscape of American retirement…”
Tag: Income
Poverty in Philadelphia, PA
Philadelphians feel squeezed as U.S. economy seems to hum. That’s a poverty problem, By Alfred Lubrano, July 9, 2018, Philadelphia Inquirer: “You’ve got your wallet on your mind, and your mind on your wallet. At least, that’s what you told us when you voted on which story idea should launch Curious Philly, our new question-and-response forum that allows you to submit questions about your community and have our journalists seek the answers. This is what you asked us to look into first: ‘Despite seeing improvement in the national economy, what we hear about the average income for Philadelphians is that it’s still down. Why is that..?'”
Low-Wage Occupations
For millions, low-wage work really is a dead end, By Irina Ivanova, April 20, 2018, CBS News: “The U.S. economy is booming, unemployment is at a 17-year low and wages appear to be picking up. So what’s not to like? If you’re one of the approximately 65 million Americans in low-paid service jobs, getting a share of that economic prosperity may be unbearably difficult. Jobs may be plentiful, but finding one that pays better than your current gig is much more rare than commonly believed, according to new research paper from the Federal Reserve Bank of New York…”