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Older Americans rely on credit cards as their financial safety net and pay down less of their debt than younger consumers, a new study shows. Last year, the low- and middle-income 50-plus population had an average credit card balance of $8,278, compared with the younger generation's balance of $6
In the media
Christine Dugas
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.
Blog
J. Mijin Cha
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
Blog
David Callahan
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.
Blog
Amy Traub
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.
Blog
David Callahan
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
Blog
J. Mijin Cha
Demographic changes of African Americans, Latinos, Asian Americans/Pacific Islanders, and working women & young voters in 2012.
Blog
Michael Jackson
US labor markets ended 2012 with a whimper, as Friday’s release of the December unemployment numbers showed all major indicators essentially unchanged.
Blog
Catherine Ruetschlin
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
Blog
David Callahan
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
Blog
J. Mijin Cha