While unemployment rates in this recovery are similar to what we saw in the late 1990s recovery, wages have not grown nearly as fast or as evenly across race and gender as they did during that period. From 1996 to 2000, wage growth was above 9% for white men, white women, and black women, and […]
Wage growth is weak for a tight labor market—and the pace of wage growth is uneven across race and gender
CEO compensation has grown 940% since 1978
Chief executive officers (CEOs) of the largest firms in the U.S. earn far more today than they did in the mid-1990s and many times what they earned in the 1960s or late 1970s. They also earn far more than the typical worker, and their pay has grown much more rapidly. Importantly, rising CEO pay does […]
Seniors facing eviction fear homelessness and isolation as California’s housing crisis rolls on
The threat of displacement and loss of community and routine can take a mental and physical toll. Experts say that’s especially true for seniors, who are perhaps the most vulnerable to California’s rising rents and evictions of any age group, and the fastest growing in the state. There are signs that seniors are disproportionately affected […]
Will the Financial Fragility of Retirees Increase?
The elderly have long been seen as financially fragile, meaning that they may be ill-equipped to absorb a financial shock. The key reason is that, once retired, they have little ability to increase their income compared to working households. Going forward, retirees will get less of their income from Social Security and traditional pensions and […]
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