Personal Incomes

4:02pm

Tue September 10, 2013
Business

Study Says America's Income Gap Widest Since Great Depression

John Moore Getty Images

The gap between the 1 percent and the 99 percent is growing, according to an analysis of IRS figures by an international group of university economists, and it hasn't been so wide since 1928.

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12:43pm

Thu August 29, 2013
Shots - Health News

How Money Worries Can Scramble Your Thinking

Originally published on Fri August 30, 2013 1:29 pm

Worrying about finances can tax the brain just as much as staying up all night.
Illustration by Katherine Streeter for NPR

There's no question that dealing with mortgages, car payments and other bills takes up time and energy. But having a tight budget may also zap our ability to think clearly, scientists report Thursday in the journal Science.

In a series of clever experiments involving farmers in India and shoppers in New Jersey, scientists found that people are worse at solving puzzles — similar to those on the IQ test — when they're first reminded of money problems.

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6:12am

Thu August 29, 2013
Business

Largest Strike So Far By Fast-Food Workers Set For Thursday

Originally published on Thu August 29, 2013 7:45 am

Outside a Taco Bell restaurant in Warren, Mich., early Thursday, supporters of the push by fast-food workers to raise the minimum wage were marching.
Jessica J. Trevino MCT/Landov

Organizers say workers at fast-food restaurants in cities across the nation will walk off their jobs Thursday in what's expected to be the largest such strike so far, The Associated Press writes.

As the wire service adds:

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10:16pm

Mon August 26, 2013
Planet Money

A College Kid, A Single Mom, And The Problem With The Poverty Line

Originally published on Tue August 27, 2013 3:02 am

Marion Matthew is a home health aide supporting herself and her 17-year-old son.
Pam Fessler NPR

The College Kid

Rico Saccoccio is a junior at Fordham University in the Bronx. He's from a middle-class family in Connecticut and he spent the summer living at home with his parents, who cover about $15,000 a year in his college costs.

According to the U.S. government, Saccoccio is living in poverty. The $8,000 he earns doing odd jobs puts him well below the $11,945 poverty threshold for an individual. In fact, the U.S. Census Bureau recently reported that more than half of all college students who are living off campus and not at home are poor.

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5:04pm

Wed August 14, 2013
Personal Economy

That 2012 Bundle Of Joy Will Cost You $241,080 To Raise

Originally published on Thu August 15, 2013 8:19 am

Eight-week-old Eleanor Delp attends a "What to Expect" baby shower with her mother in August of 2012 in Springfield, Virginia.
Alex Wong Getty Images

The United States Department of Agriculture has crunched the numbers and it concludes today that if you had a child in 2012, it'll cost you $241,080 to raise him or her for next 17 years.

If you adjust it for inflation, that number soars to $301,970.

This represents a 2.6 percent increase from 2011. The USDA reports:

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