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Investors who were paying attention got a cold slap of reality this spring when the progressive think tank Demos released a study showing that the median household could expect to pay more than $150,000 in 401(k) fees over the course of a working lifetime, or about a third of potential investment

Sixteen years ago, when Bill Clinton signed a harsh welfare reform law, one upside seemed to be that U.S. society could move past the endless, polarizing debate about welfare dependency.

Summertime in an election year in Colorado always has a certain excitement. Candidates marching in parades, petitioners gathering signatures at festivals ... some years we even get regular visits from the presidential candidates. Coloradans experience democracy in action well before Election Day.

Ben Protess made an interesting comparison today in a DealBook article on the rise of CFTC Chief Gary Gensler and the agency's successful work on the LIBOR rate fixing scandal:

Pennsylvania state court judge Robert Simpson refused to issue a preliminary injunction against the state’s controversial voter ID legislation today, despite allegations that the law was discriminatory and passed for partisan gain.

Social Security turned 77 today. Unfortunately, it's not a happy day for the historic program: new data compiled by the U.S. Treasury Department for Smart Money reports:

When I was a student, my English-major friends warned me that economists were people who didn’t have enough personality to become accountants. It seemed like a terrible accusation at the time. Today, I worry less about the personality than the efficacy of both professions.

More evidence this morning that the rich are doing swell.

Well, that was quick. One day Standard Chartered bank and its powerful allies are complaining that New York's bank regulator, Benjamin Lawsky, has overreached and saying that, at most, they had laundered only $14 million for Iran. The next day -- as in today -- Standard Chartered is agreeing to pay

It seems there is little real relief on the horizon. “If you’re coming out of college with an average number of $20,000 to $25,000 in debt and there’s no job out there, you’ve got a real problem,” said John Quinterno, a researcher who has studied the consequences of student debt.