Total personal income is income earned by an area’s workforce.
Nevada was arguably one of the most-unequal states in the country during that stretch: The income of the top 1 percent jumped
To some it appears that there are two separate electorates in the U.S. -- one for the general election that closely resembles the makeup of the actual population, and one for the mid-terms that skews heavily toward older, more Republican voters. That perception is generally true, but it's not entirely that simple.
Incomes for the bottom 90 percent of Americans only grew by $59 on average between 1966 and 2011 (when you adjust those incomes for inflation), according to an analysis by Pulitzer Prize-winning journalist David Cay Johnston for Tax Analysts. During the same period, the average income for the top 10 percent of Americans rose by $116,071, Johnston found.
To put that into perspective: if you say the $59 boost is equivalent to one inch, then the incomes of the top 10 percent
The problem is how to create enough new jobs to generate more demand for goods and services. And only government is in a position to do that at present. Nothing else will generate the growth we need.
WASHINGTON, Dec 21 (Reuters) - U.S. consumer spending rose in November by the most in three years as incomes climbed, suggesting
. In a recent Economic Premise - "Avoiding Middle-Income Growth Traps" - Pierre-Richard Agénor, Michael Jelenic and I suggest that the region can now provide a new round of lessons.
Are you in your late thirties or early forties? Our condolences, then. The recession was probably especially horrible for
Meanwhile, real wages for American workers fell two percent, once accounting for inflation, according to a recent report