Retirees Face Uneven Recovery

The economic fortunes of American families are evolving at different paces after the great recession. From nearly 10% in 2009, unemployment has dropped to 4.9% today. During the recession, many abandoned their place in the labor force and the participation rate remains low today. The median family faces stagnation in income and net worth following […]

Consumers Still Glum Despite Job Growth

Consumer attitudes toward the U.S. economy and their place in it track many factors, but the behavior of prices and the jobs picture have oversized influence.  Consumer attitudes help guide changes in their spending, and consumer spending accounts for 70% of GDP.  The continued slump in housing prices, the loss of high paying jobs, and […]