Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
close shareTools At every age, the chances of not working have changed in the last 15 years. Teenagers are far more likely not to work. Older people are retiring later and working more. In the ages in between — the periods of life when most people work — the changes have been smaller, but they…
The December jobs report falls right in line with the course the Fed is trying to chart for its monetary policy, and the upshot is that the numbers mean the Fed is most likely not going to hike rates any earlier than April, WSJ chief economics correspondent Jon Hilsenrath said this morning on the MoneyBeat…
There is little empathy at the top. Most of America’s richest think poor people have it easy in this country, according to a new report released by the Pew Research Center. The center surveyed a nationally representative group of people this past fall, and found that the majority of the country’s most financially secure citizens…
When young college graduates decide where to move, they are not just looking at the usual suspects, like New York, Washington and San Francisco. Other cities are increasing their share of these valuable residents at an even higher rate and have reached a high overall percentage, led by Denver, San Diego, Nashville, Salt Lake City…
Photo Credit Mikey Burton close shareTools The day when people are no longer forced to pay for dozens of cable channels they never watch seems to be coming nearer. But subscribers may want to be careful what they wish for. On Monday, the Dish Network unveiled a new web streaming service with a handful of…
Every year, the American Time Use Survey asks thousands of Americans to record a minute-by-minute account of one single day. For many “prime-age” adults, those between the ages of 25 and 54, a significant chunk of time on weekdays is taken up by work. But for the almost 30 million prime-age Americans who don’t work,…
Today’s jobs report, while overall very strong, showed a slight tick down in the labor force participation rate, from 62.8% last month to 62.7% this month. It’s now at the lowest rate since 1978. Why the participation rate has fallen so much is one of the most hotly debated questions in economics. On the one…
Medicaid, the nation’s public health insurance program for low-income people, covers health and long-term care services for over 66 million Americans. Medicaid beneficiaries include many children, working families, low-income elderly, and individuals with disabilities. To participate in Medicaid, states are required to meet federal core requirements; however, states have significant flexibility to expand beyond program…
Much like our own recent housing crisis, the European financial mess is unfolding in a foreign language. It is the lingua franca of financial obscurity — “sovereign credit spreads” and other terms that most people don’t need, or care, to know. Yet the bottom line is simple: Europe’s problems are a lot like ours, only…