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Middle-income Americans age 50 and older are carrying more credit card debt on average than younger people, according to Demos’ 2012 National Survey on Credit Card Debt of Low- and Middle-Income Households.1 That is a reversal of findings from a survey conducted by Demos in 2008.

As unemployment rates continue to decline, not enough attention is being paid to the kinds of jobs that are being created. A new report from the Working Poor Families Project shows exactly why we need to consider job quality, not just job creation. Analyzing Census Bureau data, the report finds that

Tonight on NBC Nightly News, Chris Jansing reports on a new study that shows Americans age 50 and older are carrying an average of $8278 in credit card debt, thousands more than younger people. In addition, nearly 18 percent of those nearing retirement said they are using their retirement funds to

This is not a good idea. The New York Times is shutting down its environment desk. The justification for closing the desk is that the environmental beat is no longer siloed.

The United States isn't the only country that has a problem with giant banks that take too many risks, are not transparent, and are effectively above democratic oversight. The U.K. has the same problem, and in fact, that country's economy is even more financialized than the U.S.'s -- with all the

This wasn’t a good week for Walmart. The business model of the nation’s largest private employer is built on a lack of accountability.

A New York Times article yesterday reported that Fix the Debt, the deficit hawk group which positions itself as a neutral body of wisemen, includes a number of corporate lobbyists and board members.

In his State of the State yesterday, New York Governor Andrew Cuomo laid out his plan to make the state a clean tech leader. Cuomo proposed extending a program to increase solar panel installations for homes and businesses and investing in an electric car network with statewide charging stations and

Now is not the time to cut government spending, with the economy still limping along. This fact may not be obvious to Washington, but it's obvious to the American public, which has consistently said that fixing the economy and creating jobs should be a higher priority than cutting the deficit. For

Talk about biting the hand that bails you out of bankruptcy. AIG shareholders have brought suit against the federal government because the bailout deal had a “punitive” interest rate of more than 14 percent and diluted the holdings of existing shareholders due to the government’s large stake in the