AMID the global economic turmoil and seesawing markets, millions of Americans have one overriding question: When will my pay increase arrive? The nation’s unemployment rate has fallen substantially since the end of the Great Recession, sliding to 5.1 percent from 10 percent in 2009, but wages haven’t accelerated upward, as many had expected. In fact, […]

Japan now has a higher proportion of working women than we do. I’m trying to get my head around this fact. “Everyone else is continuing to rise and we’ve declined, and now we’re basically tied with Japan. And Japan’s on the upswing and we’re still going down,” said Jason Furman, chairman of President Obama’s Council […]

Wealthy and middle-class baby boomers can expect to live substantially longer than their parents’ generation. Meanwhile, life expectancy for the poor hasn’t increased and may even be declining, according to a report published Thursday by several leading economists. Call it a growing inequality of death — and it means that the poor ultimately may collect less […]

When it comes to paying taxes, most Americans think the wealthy do notpay their fair share. There is a sharp divide, however, between Republicans and Democrats when it comes to taxing the rich, who provide most of the cash for political campaigns. All the Republican tax proposals, in fact, cut taxes for the wealthiest Americans. […]