Archive for the ‘Income’ Category

A misleading critique of my inequality and growth analysis

September 29th, 2014

Sorry, but Steve Roth’s critique of my Inequality and Growth paper for CAP is misleading and inaccurate. Moreover, he had to work pretty hard to miss my points linking inequality to macro-instability and thus persistent periods of weak growth. Not only does Roth somehow miss my emphasis on what I think are critically important linkages… Read more

2013 poverty and income results: Rising tide lifts a few boats, but the levee needs work.

September 16th, 2014

They’re out and I’ve got an extensive analysis up at PostEverything. For here, some highlights. –The poverty rate fell more than I expected last year–down half-a-percentage point from 15% in 2012 to 14.5% in 2013. It was fully driven by a sharp decline in child poverty rate, which fell almost two percentage points, from 21.8%… Read more

Tomorrow is poverty/income day!

September 15th, 2014

IE, tomorrow AM the Census Bureau will host a webinar wherein they release poverty and household income results for 2013. I’ve got some speculation as to what we might see over at the Upshot. As you’ll see, it looks to me like inequality and fiscal drag have dampened gains in poverty and median household incomes,… Read more

Absent full employment or a bubble, middle class income and wealth will fall.

September 15th, 2014

Robert Samuelson covers some useful ground this morning, reviewing income and net worth trends from the recent Survey of Consumer Finances, a triennial (it comes out every three years) survey of family income and wealth. I wanted to add a few points regarding timing of the trends he cites. First, Samuelson notes that if you… Read more