Personal Incomes

6:46am

Mon June 17, 2013
The Two-Way

Cringe! Miss Utah Fumbles On Income Inequality Question

Originally published on Mon June 17, 2013 11:47 am

Miss Utah USA Marissa Powell during a commercial break in the 2013 Miss USA pageant in Las Vegas on Sunday.
Ethan Miller Getty Images

12:51pm

Fri June 14, 2013
Planet Money

When People Make Their Own Banks

Originally published on Fri June 14, 2013 4:12 pm

Harlem funeral directors Tamara Bullock and Patricia Hamilton are going to spend their next savings-club payout on a sky-diving trip (unless Bullock can get out of it).
Marianne McCune NPR

Miguelo Rada doesn't seem like the kind of guy who'd have extra cash. He just spent 32 years in prison, he lives in a halfway house in West Harlem, and his current income comes only from public assistance.

He uses food stamps for food, wears hand-me-down clothes and buys almost nothing. He is also an unofficial bank.

"If somebody asks me, 'Can I borrow $20?' If I have it I'll say, 'Here!' " he says.

This kind of borrowing is one way people do what economists call "consumption smoothing" – basically making spending more regular, even when income is not.

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5:08am

Mon June 10, 2013
Law

50 Years After The Equal Pay Act, Gender Wage Gap Endures

Originally published on Mon June 10, 2013 6:18 pm

President Kennedy passes out pens on June 10, 1963, after signing the Equal Pay Act.
Harvey Georges AP

On this day 50 years ago, President John F. Kennedy signed the Equal Pay Act in an effort to abolish wage discrimination based on gender. Half a century later, the Obama administration is pushing Congress to pass the Paycheck Fairness Act, designed to make wage differences more transparent.

Some dispute the frequently cited figure that women are paid 77 cents for every dollar a man earns. But even those who argue the gap is narrower agree it's most prominent when a woman enters her childbearing years.

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3:50pm

Wed May 29, 2013
It's All Politics

The 10 Biggest Tax Breaks (And How Much They Cost)

Originally published on Wed May 29, 2013 4:01 pm

The 10 biggest breaks, deductions and credits in the U.S. income tax code are costing the Treasury $900 billion this year, with more than half of that total benefiting the wealthiest 20 percent of taxpayers.

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3:51am

Sat May 4, 2013
Economy

More Jobs, But Wait: They May Not Pay Much

Originally published on Sat May 4, 2013 9:53 am

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. The economy added 165,000 jobs in April. That exceeded the expectations of economists. It also drove down the unemployment rate to a four-year low, 7.5 percent. Unfortunately, the biggest gains were in lower-paying fields like hospitality and temp agencies. And as the school year comes to a close and young people start looking, the question is will there be enough work for them. NPR's Sonari Glinton reports.

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