FRB: Press Release–Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households–May 27, 2015

Release Date: May 27, 2015 sDate For release at 12:00 p.m. EDT The Federal Reserve Board’s latest survey of the financial and economic conditions of American households released Wednesday finds that individuals’ overall perceptions of financial well-being improved modestly between 2013 and 2014 but their optimism about future financial prospects increased significantly. The 2014 Survey…

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You Will Not Get To Retire: How Old Age Became Unaffordable And Unhealthy, And How We Can Fix It | Co.Exist | ideas + impact

Planning to retire? Not long ago, many of us would have automatically answered “yes” to that question, and with good reason. In the 20th century, retirement became the norm—something most people did. Thanks to generous programs like Social Security (enacted in 1935) and Medicare (1965), millions of people who once might have worked till they…

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Getting A Job At McDonald’s Harder Than Getting Accepted To The Ivy League | Zero Hedge

Submitted by Dark Bid In society, exclusivity creates desirability. Whether it’s that special country club or elite college, privilege is defined by the rejection rate. In the previous era, the Ivy League was one of those prized organizations, and McDonald’s was the exact opposite. Now, the New Normal has seized our social convention and turned…

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The best way to nab your dream job out of college? Be born rich – Quartz

The American dream of equal opportunity, based on the conviction that intelligence, hard work and character are the keys to success, may be on life support. These days children raised at the top or bottom fifths of the income pyramid tend to stay there, even as adults. Higher education is considered a major contributor to economic…

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‘Can You Think About Rising?’ – POLITICO Magazine – POLITICO Magazine

Last May, the first women to edit the New York Times and Le Monde were very publicly forced out of their jobs within a few hours of each other. What followed was perhaps just as surprising as the events themselves: a viral national debate about a previously little-noted problem, the incredible paucity of women running…

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