Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Entry Text Living in America has taught Matt Taibbi that we as a society have “a profound hatred of the weak and the poor.” That’s one claim the former Rolling Stone writer makes in his new book, “The Divide: American Injustice in the Age of the Wealth Gap.” Taibbi defended this statement in a HuffPost…
Back in the fat years – two or three decades ago, when the “mainstream” media were booming – I was able to earn a living as a freelance writer. My income was meager and I had to hustle to get it, turning out about four articles – essays, reported pieces, reviews – a month at…
Continue reading the main story Video Love Letters to the Gravity Boss Dan Price, chief of Gravity Payments, raised the annual salary floor for his employees to $70,000. Most responses were positive, but Mr. Price says that even the negative letters were valuable. By ERICA BERENSTEIN and JESSEY DEARING on Publish Date July 31, 2015….
“Millennials,” a demographic group defined by a slavish devotion to “keeping it real” by purchasing the correct consumer products, are now old enough to be “out there” in the world, “doing their thing.” Instead, they are living at home. Of course, it is not the fault of the millennial generation that they are living at…
What are your odds of being a millionaire, do you think? One in 10? One in 50? One in 100? If you’re over 62, your odds of having at least $1 million in net wealth (your total assets minus your total debt) are relatively achievable — about 1 in 7. But if you are under 40,…
Photo The McDonald’s on Eighth Avenue in Manhattan, between 34th and 35th Streets, is a throwback to a seedier era in New York City. Credit Hilary Swift/The New York Times Some customers pour beer into clear McCafé plastic cups and drink it right in the open. A man called Shamrock swills straight vodka from a…
Entry Text Millennials may be spending more for college and racking up record debt, but they don’t mind, according to a new survey of 500 university graduates by Credit Sesame. In summary, despite the skyrocketing cost of higher education, Millennials (individuals born between 1981 and 2004) have a more positive opinion of college than Gen…
National Archives (United Kingdom) The official poverty line, as I wrote yesterday, is a dated and crude statistical concept that in many ways fails to capture America’s historical success at fighting economic need. It was based on the cost of food in 1963, mostly because the Department of Agriculture had some idea of what a basic grocery budget should…
… Rich parents. Jessica Rinaldi / Reuters We noticed that you have an AD BLOCKER ENABLED Please consider disabling it for our site, or supporting our work in one of these ways Subscribe Now > Millions of America’s young people are really struggling financially. Around 30 percent are living with their parents,…
Photo The house at 339 Livingston Street is the home that Johnnie McDowell, shown with his daughter, Erin, would like to buy, but can’t afford. Credit Fred R. Conrad for The New York Times WESTFIELD, N.J. — To Johnnie McDowell, the house on Livingston Street seems to taunt him every time he walks by. It’s…