chief economist

Black, Latino Communities Spending Almost Half Their Incomes on Rent

 03/31/2017 - 06:17
 In cities like Los Angeles, renters in white communities spend 50 percent of their income on rent — well above the recommended 30 percent, but still far less than renters in Hispanic neighborhoods, who pay a premium of 63 percent.

Renters living in predominantly Hispanic or black neighborhoods have to spend more of their income on rent than those in white communities. Devoting nearly half of one’s income to rent each month makes economic mobility that much harder as well.

Friday, March 31, 2017 - 6:00am
Plain Text Author: 
AL DIA News

[OP-ED]: Should the Fed run the economy ‘hot’?

 03/14/2017 - 17:44
The recovery, though encouraging, is certainly no economic panacea. Mounting inequality remains a big issue. From 2000 to 2016, the best-paid 5 percent of men achieved a 30 percent wage increase, according to Bureau of Labor Statistics data analyzed by Gould. For women, the comparable gain was 24 percent.

Toward the end of 1942, Winston Churchill, in announcing a rare victory over the German army, uttered one of his more memorable phrases: “This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” The same might be said today of the American economic recovery. Progress, though real, is incomplete.

Tuesday, March 14, 2017 - 5:15pm
Plain Text Author: 
Robert J. Samuelson