New data paint an unpleasant picture of poverty in the U.S.
Child poverty has been relatively high in the U.S. since the late 1970s; for children in a female-headed household, the rate is near 50 percent.
Author Archives: Steven Pressman
Recent stock market sell-off foreshadows a new Great Recession
In early February, concerns about inflation and rising interest rates sent global financial markets into a frenzy, prompting the biggest single-day drop ever in the Dow Jones Industrial Average.
3 key quotes from Trump’s first State of the Union, explained
“It is time to rebuild our crumbling infrastructure … I am asking both parties to come together to give us the safe, fast, reliable and modern infrastructure our economy needs and our people deserve.”
GOP tax plan doubles down on policies that are crushing the middle class
President Donald Trump has portrayed the tax plan Congress is wrapping up as a boon for the middle class. The sad reality, however, is that it is more likely to be its final death knell.
‘Hot potato’ shows why workers won’t benefit from Trump’s corporate tax cut
Since the 1970s worker productivity has increased 74 percent, while average wages have risen only 12 percent. There is no reason to believe that tax cuts would all of a sudden generate greater corporate generosity for workers.
Tax ‘reform’ for the rich: Trump’s plan abandons his working-class supporters
He wants to repeal the estate tax, simplify the individual tax code and slash the rates corporations pay. Let’s consider each in turn.
What’s the deal with the debt ceiling? 5 questions answered
Just like the rest of us, governments must borrow when they spend more money than they receive.
Poor and middle-income families need a better way than 529s to save for college
The real reason so few families use 529 plans, however, is that they don’t actually make college more affordable.
What France and the UK can teach Trump about reviving America’s middle class
America’s middle class is in deep trouble.
Why Wall Street is like a used car lot
As the New York Stock Exchange marks its bicentennial, it is worth asking, what do stock markets actually do?