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With a contracting retirement income system, rapidly rising health-care costs, and the prospect of long-term care expenses, one would have thought that people approaching retirement would be paying off their credit card debt and closing out their mortgages. But surveys suggest that people are
In the media
Alicia H. Munnell
It’s hard enough for any specific anti-poverty policy to achieve its mission, let alone work in tandem with other policies to tackle a problem that tends to be complex and entrenched. That's why Washington State’s food stamp program is remarkable, and a candidate for national expansion, if only
Blog
Ilana Novick
In the study Robert Hiltonsmith and I recently completed, we find that taxpayers underwrite nearly 2 million poorly-paid jobs through federal contracts and other funding streams that channel our public dollars to private companies that perform work on behalf of America, but treat their employees in
Blog
Amy Traub
The fight to raise wages for fast food workers has now spread to the American West, with employees of a Seattle Taco Bell walking off the job on Wednesday night, forcing the store to close. Workers at other fast food restaurants in the city walked off their jobs on Thursday.
Blog
David Callahan
Apparently Justin Bieber has nothing to do with the new Los Angeles billboard that uses his image and name to oppose raising the minimum wage, on the grounds that such a hike would keep the teenage unemployment rate high.
Blog
David Callahan
Apple always seemed like the perfect company. Not so fast. When CEO Tim Cook testified before Congress on May 25, he didn’t come to talk about Apple’s latest amazing gadget or the need to grant more visas to computer programmers. Rather, in his maiden voyage to Capitol Hill as Steve Jobs’s successor
In the media
Daniel Gross
It used to be that many Americans entered retirement having paid off their mortgages and most of their other debts. This should have been senior citizens' Golden Years. Nowadays, more and more people over the age of 65 are struggling with mounting debt levels, fueled primarily by mortgages and
In the media
Tami Luhby
According to a recent study, Gen X and late baby boomers are on track to replace only about half of their current income when they reach retirement — which means they’ll need to seriously downgrade their lifestyles. Most financial planners recommend replacing, at the very least, 70% of one’s income.
In the media
Laura Shin
On May 21, I had the opportunity to testify before a Congressional Progressive Caucus meeting on how federal dollars drive inequality by paying contractors who pay too many of their workers too little. The hearing was driven by a study from Amy Traub and her colleagues at Demos, a New York based
In the media
Julianne Malveaux
Melissa Roseboro has worked at the McDonald's outlet at the Air and Space Museum in Washington D.C. for nearly a year. The 53-year-old grandmother said she just got a raise—of 8 cents. That brings her hourly wage to $8.33 an hour and was the reason she joined 200 other federal contract workers in
In the media
Mark Koba