Who makes minimum wage?
Perhaps surprisingly, not very many people earn minimum wage, and they make up a smaller share of the workforce than they used to.
56% of Americans Believe They Are ‘Falling Behind’ Financially
Public views of the job market have improved modestly, but overall economic optimism remains limited. Many say their incomes are falling behind the cost of living and 45% have experienced a serious financial hardship.
Wage gap between high and low earners rising most among Hispanics
The earnings gap in the nation’s workforce has widened in recent years as the pay of high-wage workers has risen and the pay of low-wage workers has fallen, but Hispanics may be feeling the impact more acutely than others.
Five years in, recovery still underwhelms compared with previous ones
The current economic recovery, which hit the five-year mark this month, has underperformed other recent expansions that have lasted at least as long.
Immigrants No Longer the Majority of Hispanic Workers
For the first time in nearly two decades, immigrants do not account for the majority of Hispanic workers in the United States. And most of the job gains made by Hispanics during the economic recovery have gone to U.S.-born workers.
Public and private college grads rank about equally in life satisfaction
College graduates report about the same amount of personal satisfaction and economic well-being later in life whether they attended a private or public college.
By many measures, more borrowers struggling with student-loan payments
More people are having trouble keeping up with their student-loan payments than in years past, several studies show.
Student Debt Weighing on Economic Fortunes of Young Adults
Households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation and tend to carry larger amounts of other kinds of debt.
5 key findings about student debt
A record 37% of young households had outstanding student loans in 2010 and a median student debt of $13,000.
What will become of America’s kids?
When asked about the future prospects of “children today,” Americans generally said that when today’s kids grow up, they would be worse off financially than their parents. While this is a pretty glum judgment about what lies ahead for today’s children, Americans’ optimism resurfaces when people are asked about their own kids.