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Baby boomers are the first generation in American history to be entering retirement saddled with debt, including unpaid balances on credit cards. The financial crisis in 2008 that sent the economy into a recession crippled many baby boomers’ retirement accounts, forcing many to stay in the workforce
In the media
Roman Shteyn
Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time.
In the media
Bob Herbert
There have been a number of news stories about the closing of Hostess’ factories and plans to liquidate the company in the wake of the refusal of one of its unions to accept reductions in pay and benefits and other concessions. It appears as though this will leave Hostess’ 18,000 workers without a
Blog
Dean Baker
The financial industry is coming under growing scrutiny for its shady involvement in student loan debt.
Blog
Tamara Draut
The price paid by American families for the reckless greed of Wall Street has been well documented and includes severe losses of household wealth – more than half for African American families and two-thirds for Latino families – due to the decline in housing values and employment. The Great
Blog
Lisa Lindsley
NEW YORK -- With $4 trillion in annual revenue, over 15 million employees and projections to be one of the largest sources of new jobs in the next decade, the retail sector plays a vital role in the economy, wielding great influence over the living standards for many Americans.
Press release/statement
Hurricane Sandy is the most recent storm to have shed light on the dangers of development in waterfront areas along the Eastern seaboard, but communities from Colorado to Missouri to South Dakota have also grappled for years with the growing risk of environmental damage from everything from rising
Blog
Ilana Novick
Americans made their voices heard on Election Day 2012, according to a new analysis.
Press release/statement
There are basically two ways to thwart regulatory oversight of Wall Street: One, block new rules or weaken existing rules; and, two, make sure that whatever rules exist are not fully enforced. The finance industry and its allies in Congress are pursuing both strategies. Yet while the campaign
Blog
David Callahan
Strike Debt is one of Occupy Wall Street's progeny. They debuted with The Debt Resistors' Operations Manual, a resource to help people dealing with debt and those seeking to circumvent it altogether.
Blog
Jack Grauer