News release archive: Topic: Living standards
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Living Standards
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THIS SECTION includes EPI releases on factors that define most families' living standards: wages & income, healthcare & retirement, poverty, inequality.
Healthcare & Retirement
2008
JUNE 25 |
Older workers delay retirement despite weak economy
2007
FEBRUARY 2 | A health plan that's no cure
JANUARY 23 | Bush health plan no cure
JANUARY 11 | EPI launches Agenda for Shared Prosperity
(
News release [PDF]) (Web site)
2006
JULY 25 | Health Care:
U.S. Spends Most, Covers Least (Book Preview)
JUNE 12 | 5 Economic Trouble Spots (Policy Memo)
MAY 5 | Administration Attacks Contractor Health Benefits (Policy Memo)
MAY 1 | Administration Attacks Traditional Pension Plans (Policy Memo)
APRIL 12 | Don't Blame Health Insurance (Snapshot)
JANUARY 30 | It's Not Just Health Care Squeezing Wages, It's Profits Too (Issue Brief)
2005
OCTOBER 20 | New study charts steady erosion of health insurance coverage (Briefing Paper)
OCTOBER 19 | Budget Cuts Threaten Health Insurance for Children (Snapshot)
JULY 21 | EPI NewsFlash: Retirement grows
riskier
People near retirement are facing growing uncertainty as employers
have switched from traditional defined-benefit pensions to options
like 401(k) plans that are subject to the vagaries of the stock
market and inflation. While employers have been transferring this
greater risk to their employees, they have also been cutting their
contributions to employees' retirement savings. A new Economic
Policy Institute report by research director Lee Price, Shifting Risk, examines
this trend.
JULY 14 | EPINewsFlash: Social Security
proposal cuts deeper for minorities, those without safety
net
Bush administration proposals to cut Social Security
benefits and create a system of private retirement accounts will
have the deepest impact on minorities and households with no life
insurance or other retirement accounts. The Economic Policy
Institute looks at these two groups in separate reports released
today. Two Steps Back, by
researchers Ross Eisenbrey and William Spriggs, notes the positive
role Social Security currently plans in the retiremenet income of
African-American and Latino households, then explains why
minorities would lose under "reform" proposals being considered by
the administration. The second report, Looking
in the wrong places: Why benefit cuts will not solve Social
Security's financing problem, by researchers William Spriggs
and David Ratner, is an economic snapshot that shows that between
30 and 40 percent of Americans have no private equivalent of the
Social Security Old Age and Survivors' Insurance program, meaning
that Bush's proposal to cut income replacement rates will leave
many households with big income losses they cannot make up.
JULY 7 | EPI NewsFlash: Bush plan cuts
survivor benefits
Retirees are one of three groups that Social Security is designed
to help, as its formal name makes apparent: Old Age, Survivors, and
Disability Insurance. Yet, the debate over proposals to overhaul
Social Security has been virtually silent on how these changes
would affect families of workers who become disabled or die before
reaching retirement age. Today’s report, Social Security’s Cruelest
Cut, shows that the family of a worker who is now 25 but who
will die at age 45 would lose 9.4 percent of their survivor’s
benefit (more than $3,000 per year in today’s dollars) under the
administrations plan. It also shows that the impact would be even
greater for African Americans, who tend to earn less and die
younger.
JULY 6 | EPI NewsFlash: Sen. DeMint's
no-raid raid
A plan devised by South Carolina’s Senator Jim DeMint, touted as a
way to introduce private accounts by “stopping the raid” on the
Social Security trust fund, has been gathering support. In today’s
Economic
Snapshot, researchers Lee Price and David Ratner examine the
reality behind the rhetoric. They find that the DeMint proposal
actually raids Social Security by diverting money from the trust
fund into private accounts for a few years.
JUNE 22 | EPI NewsAlert: Congressional
testimony on Social Security's future
Despite assumptions
to the contrary, our economy can easily support the rapid increase
in the number of retirees in the coming decade, as the total
population per worker will grow only 8% over the next 40 years and
productivity grows 91%. This is according to testimony -
available
online - delivered by research director Lee Pride to some
members of the U.S. House Committee on Ways and Means.
JUNE 15 | EPI NewsFlash: Raising retirement
age no cure
Searching for a magic bullet to make Social
Security more solvent, some policymakers have seized on the idea of
raising the Social Security retirement age. This seemingly
common-sense proposal relies on theories, however, rather than on
the facts about when people actually stop working. Economist Elise
Gould explores those facts in today’s Economic
Snapshot, which maps employment rates by age (25 to 80) and
gender.
JUNE 1 | EPI NewsFlash: Bush-endorsed
privatization deepens SS cuts
In his push to privatize Social Security, President Bush has
endorsed a plan proposed by Robert Pozen — a member of Bush’s
Commission to Strengthen Social Security — that would blend the
current wage indexing of benefits with price indexing. A crucial
point lost so far in the discussion is that the Pozen proposal
would lead to substantial and ever-increasing benefit cuts for more
than 70 percent of Social Security beneficiaries, including future
retirees, widows, and surviving children. Click here to download
the report and the accompanying tables of data on benefit cuts.
JUNE 1 | EPI NewsFlash: June 7 Press
Roundtable — Chile's Privatized SS and Lessons for the
U.S.
Chile has had more than 20 years of experience with
the privatization of Social Security, the longest of any country in
North and South America. Most Chilean workers and retirees,
especially women, are not reaping benefits from private accounts,
however, and their plight offers lessons for the United States as
it debates privatizing Social Security. The Economic Policy
Institute (EPI) and the Global Policy Network (GPN) invite you to a
breakfast roundtable at the National Press Club — on Tuesday, June
7, from 9:30 to 10:30 a.m. — featuring new research from Carmen
Espinoza, an attorney, economist and director of Chile’s Program of
Economy and Work (PET). To reserve a space, email EPI at news@epinet.org, or call Stephaan
Harris at 202-775-8810 by 5:00 p.m., Monday, June 6.
MAY 25 | EPI NewsFlash: Social Security's
Importance in Retirement Wealth
A new EPI report finds that the growth of traditional Social
Security — not private pensions, better saving or the stock market
— has been the biggest contributor to secure retirement wealth,
especially for women and minorities.
Retirement Income: The Crucial Role of Social
Security,
by economists Christian
Weller and Edward N. Wolff, finds Social Security has given many
households the ability to replace pre-retirement income at least
twice the poverty rate.
MAY 11 | EPI NewsFlash: High Productivity
Will Bolster Social Security
President Bush has wrongly declared that Social Security benefits
are becoming a burden on working people. A new EPI Issue Brief finds
that, although the share of the population in retirement will rise
in coming decades, we can maintain a strong Social Security program
because productivity will rise even faster and create a higher
standard of living.
MAY 4 | EPI NewsFlash: President’s proposed
cuts to Social Security explained
Last week the president
endorsed a proposal to bring about substantial cuts in promised
Social Security benefits for most workers through partial price
indexing. Today’s economic Snapshot,
by research director Lee Price and deputy director of policy Amy
Chasanov, graphically shows how this proposed scheme collapses from
a public pension plan for all workers to an anti-poverty plan.
MAY 3 | EPI Alert: Resources for Mother’s
Day Reporting
As you write your stories themed to
Mother’s Day, it’s important to remember that as of 2003 (the 2004
data are not yet out) 71.1 percent of mothers of children 18 and
under were in the workforce. Here is a quick
list of relevant reports
and analyses that have been
posted to our website since last Mother’s Day.
APRIL 26 | Labor market trends, more than
longevity increase, drive Social Security gap
Two
striking economic trends that contribute to the widening Social
Security financing gap are sluggish wage growth and the rising wage
inequality that has made a larger share of the highest earners’
wages untaxed for Social Security purposes. This is the major
finding of a new report, Social Security’s Fixable
Financing Issues by economist Josh Bivens.
MARCH 24 | EPI NewsFlash: Majority of
Elderly Recipients Rely on Social Security for Most of Their
Income
Nationally, median elderly Social Security
recipients, age 65 and over, rely on Social Security for two-thirds
of their income, according to a new study released today by the
Economic Policy Institute. The study shows the degree to which
elderly recipients rely on Social Security, broken down by state,
race, and sex. Click
here
for news release
and list of state-level research organizations for information on
Social Security reliance in specific states. To view report, click
link at top of news release.
MARCH 23 | EPI NewsFlash: Putting Social
Security Trustees report in context
The annual report released today by the Social Security Trustees
predicts that starting in 2017 the program will need to supplement
trust fund cash receipts with general revenues in order to pay
promised benefits, a 'problem' seized on by administration
officials to buttress their case for major changes to the
program. However, economist Max Sawicky shows, in today's
Economic
Snapshot, that the Social Security 'problem' pales beside the
overall budget deficits created largely by the administration's tax
cuts.
MARCH 16 | EPI NewsFlash: Bush budget
threatens those over 55
To build support for its Social
Security plan, the administration has argued that the program is
moving toward a crisis in 2018 (when benefit payments are expected
to exceed revenues), but that everyone over age 55 can rest assured
that they have nothing to worry about. Today's Economic
Snapshot, by Research Director Lee Price, shows that over the
years the Social Security Trust Fund has, in fact, switched back
and forth between surplus and deficit and often much deeper
deficits than the one forecast for 2018.
MARCH 16 | EPI NewsFlash: Bush budget
undermines Social Security, Medicare
As President Bush crisscrosses the country seeking to reassure
seniors that their Social Security benefits are safe, the
administration's budget, which is analyzed in a new EPI report
tells a different story. The president's proposals would make it
all but inevitable that the president's promise cannot be kept for
workers 55 and older, not even for current retirees, according to
Collision Course: The Bush Budget and Social Security, by tax and
budget expert Max B. Sawicky.
- News conference call at 1 pm Eastern time. Contact us at news@epinet.org for access numbers.
-
Click here
for news release. To
view embargoed report, click link at top of news release.
MARCH 9 | EPI NewsFlash: Social Security
Cap, Boon for Top Earners
Most earners around the country make less than the $90,000 earnings
cap on Social Security taxes. Meaning that roughly 94 percent of
Americans over the last 22 years have paid the tax on 100 percent
of their earnings to receive the maximum benefits. Economic Policy
Institute senior fellow, William Spriggs, illustrates in today's
Economic
Snapshot that the remaining six percent who earn over $90,000
are taxed at an ever lower rate the higher their earnings go.
FEBRUARY 24 | EPI NewsFlash: Social Security
and the States
Nationwide, over 47 million people
currently receive some kind of Social Security benefit. But what
impact would proposed changes in Social Security have in different
states? EPI has done a
state-by-state ranking
and compiled
data on individual states.
FEBRUARY 17 | EPI NewsFlash: Removing the
Social Security Cap
In this Snapshot,
EPI economist Josh Bivens examines the impact that eliminating
the current $90,000 salary cap on both Social Security wages and
benefits would have on the anticipated Social Security
shortfall.
FEBRUARY 9 | EPI NewsFlash: Impact of
re-indexing Social Security
The Bush administration has
spoken positively about a proposal to change the way Social
Security benefits are calculated, going from wage-indexing to
price-indexing. Todays Economic Policy Institute Snapshot
looks at the effects of such a change.
FEBRUARY 2 | EPI NewsFlash: Private accounts
compound gender gap
Proposals to shift Social Security
from its current structure to a partially privatized system will
create a special disadvantage for women, who are still paid less
than equally educated males. Thats because women typically spend
more time in their 20s out of the workforce, often because they are
attending school or are having and raising children. In todays
Economic
Policy Institute Snapshot, economist Bill Spriggs, with
research assistant David Ratner, examines the motherhood penalty
under private accounts.
FEBRUARY 2 | EPI NewsFlash: Issue Guide
Clarifies Impact of Social Security Privatization
Just in
time to answer all the important questions that will be raised
during tonights State of the Union message, the Economic Policy
Institute has expanded its Social Security Issue Guide with new
information in a question and answer format specifically about
privatization. The presidents speech is expected to give details
about the administrations plans for the program.
The Basic Facts about Social Security Privatization and its
Impact addresses the impact of one proposal by the Presidents
Commission to Strengthen Social Security known as Plan 2.
JANUARY 26 | EPI NewsFlash: Private accounts
no answer for young workers
Replacing part of Social Security payments with private accounts
would leave todays young generation of workers farther behind in
retirement than if nothing was done to head off an anticipated
shortfall in funding, which has been predicted to occur right
around the time theyre hitting retirement age. In todays Economic
Policy Institute Snapshot, economist Josh Bivens examines the
impact of partial privatization of Social Security on todays 25- to
35-year-old workers.
JANUARY
12 | EPI NewsFlash: Social Security Proposal Cuts Income
Replacement
A key proposal by President
Bush's commission on Social Security would cause Social Security
benefits to erode over time and result in larger income declines
for retirees, the disabled, and survivors, hurting low- and
middle-income families. Read the EPI
Snapshot.
JANUARY 3 | EPI NewsFlash: Online Social
Security Issue Guide Updated
Visit the Economic Policy
Institutes updated Social
Security Issue Guide, now posted with the most current data. In
January, we will further update the guide with frequently asked
questions (FAQs) on Social Security Privatization.
2004
DECEMBER 22 | EPI NewsFlash: Private
accounts put deep retirement income cuts on menu
The administrations proposal to divert funds from Social Security
to private retirement savings accounts will serve up an ever
shrinking portion for U.S. retirees, according to projections by
both the Presidents commission on Social Security and Goldman
Sachs. Read EPI analysis of both projections in this weeks EPI
Snapshot.
DECEMBER 13 | EPI ADVISORY: News Briefing
Critique of Economic Summit
News Briefing Conference Call
Tuesday, December 14 at 1:00 p.m. (EDT)
Before the Bush administration holds its Economic Summit on
Wednesday, December 15 and Thursday, December 16, economists at the
Economic Policy Institute, The Brookings Institution, and the LBJ
School of Public Affairs at the University of Texas, will brief
reporters on Social Security and other, more urgent economic
issues. To reserve a place on the call contact the EPI
Communications Department at 202-775-8810 or e-mail news@epinet.org.
NOVEMBER 18 | EPI NewsFlash: Social Security
well named
Its no surprise that income drops after 65.
Only a lucky 15% of senior households have income greater than
$50,000, while 61% have to make do on $25,000 or less, and more
than one in five have $10,000 or less coming in. In todays Snapshot,
economist Josh Bivens lays out the fundamental data showing why it
is impossible to overstate the importance of Social Security for
U.S. seniors.
OCTOBER 21 | EPI NewsFlash: New Report Maps
Middle-Class Squeeze
From 2000 to 2003, typical
middle-income families lost ground before taxes, after taxes, and
especially after taxes and health care expenditures. A new analysis by the
Economic Policy Institutes Lawrence Mishel, Michael Ettlinger, and
Elise Gould examines income trends for four kinds of families:
married couples with children; single mothers; elderly couples 65
and older; and young singles age 25-34.
OCTOBER 20 | EPI NewsFlash: Health care: US
Spends More, Gets Less
Today's Snapshot
from the Economic Policy Institute compares the United States to 29
of the world's other industrialized nations to illustrate the
relationship between health spending and life expectancy.
JUNE 17 | EPI NewsFlash: Health Care Squeeze
on Retirees and Older Workers
The rising cost of individual health insurance and the
discontinuing of retiree health coverage are contributing to a
crisis in health care affordability for retirees and older workers,
according to a new report published by the Economic Policy
Institute, and released jointly with the Center for American
Progress. REPORTERS:
Contact EPI Communications for a review copy
of Health
Insurance Coverage in Retirement: The Erosion of Retiree Income
Security by Christian E. Weller, Jeffrey Wenger, and Elise
Gould.
JUNE 15 | EPI NewsFlash: Conference Call on
Looming Health Care Crisis
On Thursday at 12 Noon (ET), EPI and the Center for American
Progress will hold a national media conference call over a new
report that details the health insurance crisis facing current and
future retirees, including how employer cuts will leave some
retirees vulnerable. To sign-up for the call and see more details,
click here.![]()
JUNE 9 | EPI NewsFlash: Job quality dims for
new high school graduates
For the 31 percent of workers
who enter the U.S. labor force armed with a high school diploma,
the chances of finding a good job are becoming slimmer. This
Snapshot
gives details and a graph.
MAY 12 | EPI NewsFlash: Growing Industries
Provide Less Health Coverage
Using health insurance coverage as the yardstick, the quality of
U.S. jobs in industries that are expanding is lower than in those
that are contracting, according to the Economic Policy Institute.
Read the Economic
Snapshot.
APRIL 27 | EPI NewsFlash: Budget Cuts
Compassion
Does the Bush administration mean to keep its tax cuts, as well as
to honor its commitments to support Social Security, Medicare,
defense and homeland security and to stand by its implied promise
to balance the budget in ten years? If so, it will force a 63% cut
by 2014 in the part of the budget that pays for things like
education, environmental protection, federal law enforcement, and
new technology. Read the Snapshot
by EPI research director Lee Price.
MARCH 4 | EPIdeas:
Offshoring and Stubborn Unemployment
Long-term unemployment is rising fast for workers with college
degrees and those who are 45 and older. And the unemployment rate
does not count the growing population who have given up looking for
work in a labor market with three job seekers for every one
opening. For more about these issues, please
click here ![]()
2003
DECEMBER 3 | EPI SNAPSHOT:GDP Growth Unbalanced
NOVEMBER 26 | EPI SNAPSHOT:How the New Medicare Will Fail Seniors
AUGUST 20 | EPI SNAPSHOT:Trends in Health Insurance for Children
JULY 16 | EPI SNAPSHOT: Older Workers in Labor Force Increasing
JULY 15 |
EPI NewsFlash: Retirees At Risk Under Bush Pension
Proposals
![]()
Click here to read Christian Weller's U.S House Testimony On
Pension
![]()
JULY 9 | EPI SNAPSHOT:Medicating the Elderly Into Poverty
JULY 8 | EPI
Pension News![]()
JULY 2 | EPI SNAPSHOT:Health Care Costs Defer Retirement
MAY 12 | EPI NewsFlash: Call it the Pension INsecurity Act
MARCH 17 |
Social Security Report Due Out Today ![]()
2002
AUGUST 22 |
New approaches needed on retirement: Report shows private
investments cannot meet retirement needs ![]()
Inequality
2008
JUNE 18 | Wages
surge for topmost sliver
2007
MARCH 28 |
Recent Gains Only Went to Highest Incomes
JANUARY 17 | Unprecedented
income inequality
2006
AUGUST 9 | Poverty Rates and Work for Single Mothers (Snapshot)
JULY 25 | Health Care: U.S. Spends Most, Covers Least (Book Preview)
JULY 7 | Black-White Income Gap Re-Widens (Snapshot)
JUNE 27 | CEO Pay vs. Lowest-Paid Workers (Snapshot)
JUNE 21 | CEO-worker pay imbalance grows (Snapshot)
MAY 17 | How the Rich Will Get Richer (Snaphsot)
MAY 11 | Swim Together or Sink Alone? (Book)
MAY 3 | White House Economic Spin Analyzed (Snapshot)
APRIL 20 | Income Gap Widens in South Africa, Narrows in Brazil (Snapshot)
APRIL 20 | Dispelling the High School Graduation Myth (Book)
MARCH 15 | The Minority Wealth Gap (Snapshot)
FEBRUARY 17 | Gulf Grows Between Minimum Wage and Average Workers (Snapshot)
FEBRUARY 16 | Report Shows Effectiveness of Living Wage Policies (Briefing Paper)
FEBRUARY 15 | The Rise of Immigrant Worker Centers (Book)
JANUARY 26 | Income Inequality on the Rise (Report)
JANUARY 24 | EPI Founder Decodes the "Party of Davos" (Book)
2005
DECEMBER 14 | Worker Centers for Immigrants Changing Workplace, Debate (Briefing Paper)
OCTOBER 26 | Gulf Rebuilding May Worsen Residents' Plight (Viewpoint)
SEPTEMBER 14 | EPI NewsFlash: Pay losses mount from gender gap (Snapshot)
JULY 27 | Single mothers
face steeper job market climb
The employment rates of
both married parents and single mothers fell in the recession and
jobless recovery. But while the married parents' rate has
begun to recover over the past year, the rate for single mothers
remains distressingly low - signaling an uphill battle in the
labor market for tehse economically vulnerable families. In
today's Snapshot,
EPI senior economist Jared Bernstein shows the steep decline in job
opportunities for single mothers, especially compared to their
married counterparts. The Snapshot looks at the share of
employment for both types of working parents at the first quarter
of every year from 2000-2005 to show how the employment rate for
single mothers remains depressed.
JULY 14 | EPINewsFlash: Social Security
proposal cuts deeper for minorities, those without safety
net
Bush administration proposals to cut Social Security
benefits and create a system of private retirement accounts will
have the deepest impact on minorities and households with no life
insurance or other retirement accounts. The Economic Policy
Institute looks at these two groups in separate reports released
today. Two Steps Back, by
researchers Ross Eisenbrey and William Spriggs, notes the positive
role Social Security currently plans in the retiremenet income of
African-American and Latino households, then explains why
minorities would lose under "reform" proposals being considered by
the administration. The second report, Looking
in the wrong places: Why benefit cuts will not solve Social
Security's financing problem, by researchers William Spriggs
and David Ratner, is an economic snapshot that shows that between
30 and 40 percent of Americans have no private equivalent of the
Social Security Old Age and Survivors' Insurance program, meaning
that Bush's proposal to cut income replacement rates will leave
many households with big income losses they cannot make up.
JULY 7 | EPI NewsFlash: Bush plan cuts
survivor benefits
Retirees are one of three groups that Social Security is designed
to help, as its formal name makes apparent: Old Age, Survivors, and
Disability Insurance. Yet, the debate over proposals to overhaul
Social Security has been virtually silent on how these changes
would affect families of workers who become disabled or die before
reaching retirement age. Today’s report, Social Security’s Cruelest
Cut, shows that the family of a worker who is now 25 but who
will die at age 45 would lose 9.4 percent of their survivor’s
benefit (more than $3,000 per year in today’s dollars) under the
administrations plan. It also shows that the impact would be even
greater for African Americans, who tend to earn less and die
younger.
JUNE 1 | EPIdeas: Fresh Perspectives on the
Economy
Book an Economic Policy Institute Expert for Your Talk Show. EPI’s
economists and policy experts have vast media experience and are
ready to explain how economic trends affect working people and
their families. For interviews or more information, please contact
EPI's communications department at (202) 775-8810 or news@epinet.org.
MAY 3 | EPI Alert: Resources for Mother’s
Day Reporting
As you write your stories themed to
Mother’s Day, it’s important to remember that as of 2003 (the 2004
data are not yet out) 71.1 percent of mothers of children 18 and
under were in the workforce. Here is a quick
list of relevant reports
and analyses that have been
posted to our website since last Mother’s Day.
APRIL 29 | EPI News Alert: Employment Cost
Index shows wages stuck in cellar
Today’s release of the
Employment Cost Index shows that wage growth remains stuck at its
slowest rate on record as a persistently slack job market, and
faster inflation continues to squeeze workers’ paychecks.
Click here for
analysis.
APRIL 28 | EPI NewsFlash: Slow Growth
in GDP and Wages
The sharp decline in the growth rate of
the gross domestic product is mirrored in listless wage and salary
growth. See the analysis in today’s
GDP Picture.
APRIL 26 | Labor market trends, more than
longevity increase, drive Social Security gap
Two
striking economic trends that contribute to the widening Social
Security financing gap are sluggish wage growth and the rising wage
inequality that has made a larger share of the highest earners’
wages untaxed for Social Security purposes. This is the major
finding of a new report, Social Security’s Fixable
Financing Issues by economist Josh Bivens.
APRIL 6 | EPI Advisory: Tax Enforcement in
Crisis - News Forum April 12
If taxpayers run true to
form next week, the combined total they pay in taxes will be
significantly less than what they actually owe. The majority of
honest taxpayers are carrying a significant burden for those who
are not paying their full share. The Economic Policy Institute will
convene a panel of experts, including former IRS Commissioners, to
examine this problem and possible solutions at a tax week news
forum. Two new reports will be released at the forum, which is open
to the media and others interested in issues of taxation and
budget. Click
here
for a list of
speakers.
APRIL 6 | EPI NewsFlash: African-Americans
Lose Traction In Labor Market
In this Snapshot,
senior economist Jared Bernstein shows that African-American
workers still struggle in the job market even though the jobless
recovery is solidly behind us. He compares current conditions and
those of the early 1990s recovery to gauge the workers'
fortunes.
FEBRUARY 2 | EPI NewsFlash: Private accounts
compound gender gap
Proposals to shift Social Security
from its current structure to a partially privatized system will
create a special disadvantage for women, who are still paid less
than equally educated males. Thats because women typically spend
more time in their 20s out of the workforce, often because they are
attending school or are having and raising children. In todays
Economic
Policy Institute Snapshot, economist Bill Spriggs, with
research assistant David Ratner, examines the motherhood penalty
under private accounts.
JANUARY 5 | EPI NewsFlash: Gender Wage Gap
Shrinks As Men's Earnings Slow
By late 2004, the gender
gap in wages shrunk as the female median earnings jumped to 81% of
male earnings, from 76% in the late 1990s. But that's because male
median earnings, after rising consistently over the latter 1990s,
have since flattened. Read more in this EPI
Snapshot.
2004
OCTOBER 27 | EPI NewsFlash: Female
Employment Rates Decrease, Reversing Trend
Economic
Policy Institute economist Sylvia Allegretto finds employment rates
(the ratio of employment to population) for females decreased by
1.7 percentage-points since the last business cycle peak in March
2001. At this point in every past cycle since 1948, female
employment rates have gone up. Allegretto illustrates this
substantial decrease and reversal of historic upward trends with
two graphs in todays economic Snapshot.
OCTOBER 7 | EPI NewsFlash: Safety
Net for Single Mothers is Fraying
For low-income single
mothers, the safety net of programs such as welfare, unemployment
insurance, and food stamps have helped to blunt the impact of an
economic downturn. But we're moving towards a system that boosts
single mothers' incomes in good times but fails to prevent losses
in bad times. In this week's Snapshot
, EPI senior economist Jared Bernstein looks at how the safety net
for low-income single mothers is failing to prevent their incomes
from contracting.
AUGUST 12 | EPI NewsFalsh:
Education Weak Buffer Against Downturn
Higher education
is typically a buffer against economic downturns. But as an
Economic Policy Institute analysis shows, 13 quarters into this
weak recovery no educational status was left unscathed. Todays
Snapshot
by EPI economist Sylvia Allegretto shows that college graduates
experienced larger decreases in employment rates than all other
educational categories.
JULY 13 | EPI NewsFlash: Most
Stock Wealth Not Shared With Many Workers
Stock
ownership is out of the reach of many workers. A report from the
forthcoming State of Working America finds that half of American
households dont hold stock in any form, including mutual funds and
pensions two keys to a secure retirement. Read
here
for more.
JUNE 9 | EPI NewsFlash: Job
quality dims for new high school graduates
For the 31
percent of workers who enter the U.S. labor force armed with a high
school diploma, the chances of finding a good job are becoming
slimmer. This Snapshot
gives details and a graph.
JUNE 2 | JOURNALISTS BEWARE:
Anti-immigration group is distorting EPI research
Recent news releases from a group that calls itself FAIR
(Federation for American Immigration Reform) have misstated the
current trends in U.S. wages and misused the Economic Policy
Institute's analysis to support its contention that immigration is
chiefly what is depressing U.S. wages.
MAY 19 | EPI NewsFlash: Single
Moms Lose Ground
The Economic Policy Institute charted the rising incomes of
low-income single mothers during the 1990s labor market boom, as
many moved from welfare to jobs. The latest data now available show
safety net programs like welfare, unemployment compensation, and
EITC, are not reversing the damage done by the recession and
jobless recovery. Read the Economic
Snapshot.
MAY 7 | EPI NewsFlash: Confronting
the Black-White Achievement Gap
The stubborn achievement gap between black and white students is a
key measure of our countrys failure to achieve true equality.
National education expert Richard
Rothstein finds that focusing on social class differences that
affect learning are vital to closing that gap, according to his new
book Class
and Schools: Using Social, Economic, and Educational Reform to
Close the Black-White Achievement Gap. Read the
press release. ![]()
- Press Conference in Washington DC: Thursday, May 13, 10
A.M.
Read the advisory.
Listen to an audio
recording and view photos from this conference. - National Media Conference Call for non-DC area journalists:
Friday, May 13, NOON (EST). Read the
advisory.

- To see Mr. Rothstein's lectures on the black-white student achievement gap in video form, visit http://www.tc.edu/educationalequity.
APRIL 21 | EPI NewsFlash: Sex and the
Unemployment Rate
Recently the labor force participation rate of college educated men
and women fell by the same amount.This challenges the notion that
many women are voluntarily withdrawing from the labor force to stay
home to care for young children. Research director Lee Price's
Snapshot
looks at unemployment rates by gender and offers insights into the
missing labor force.
MARCH 17 | EPI NewsFlash: More College Grads
Than Dropouts Now Unemployed
The number of unemployed
college graduates has surpassed that of high-school dropouts.Senior
economist Jared Bernstein's
Snapshot shows how labor market problems in the current economy
are creeping up the education ladder.
MARCH 4 | EPIdeas:
Offshoring and Stubborn Unemployment
Long-term unemployment is rising fast for workers with college
degrees and those who are 45 and older. And the unemployment rate
does not count the growing population who have given up looking for
work in a labor market with three job seekers for every one
opening. For more about these issues, please
click here ![]()
MARCH 3 | EPI
NewsFlash: Victims of long-term joblessness
In 2003 long-term unemployment rose to its highest level in two
decades, according to BLS data. Two groups having an especially
hard time finding a new job are people with more education and more
experience. A report by Sylvia Allegretto of the Economic Policy
Institute and Andrew Stettner of the National Employment Law Center
analyses the new data and identifies which groups are most affected
by the rising tide of long-term unemployment.
News Release.![]()
FEBRUARY 11 | EPI NewsFlash: Long term
unemployed shifts to more educated workers
The current recession and weak recovery are unique in the extent to
which workers with substantial education are also economic victims.
Long-term unemployment between 2000 and 2003 increased 299 percent
for workers with a bachelor's degree or more. EPI economist Sylvia
Allegretto details these trends in the economic
Snapshot .
JANUARY 28 | EPI SNAPSHOT: Economic growth not reaching middle- and lower wage earners
2003
SEPTEMBER 17 | EPI SNAPSHOT:Study Says Race Discrimination Persists In Hiring
SEPTEMBER 03 | EPI SNAPSHOT:New CBO data show dramatic rise in inequality
2002
SEPTEMBER 30 |
Efforts to close achievement gap must begin much earlier, new
report shows
![]()
AUGUST 22 |
Historic economic gains for minorities tempered by inequalities,
downturn
![]()
AUGUST 22 |
Women test the new economy: Unprecedented gains, but what's the
tradeoff?
![]()
AUGUST 19 |
College grads saddled with rising loan debt as jobs picture
dims
![]()
Poverty
2008
JULY 2 | Poverty:
official rate understates level and trend
2006
AUGUST 9 | Poverty Rates and Work for Single Mothers (Snapshot)
JULY 26 | States Help Raise Minimum Wage's Value (Snapshot)
JULY 25 | Health Care: U.S. Spends Most, Covers Least (Book Preview)
JULY 19 | Child Poverty Higher in US than Developed Nations (Snapshot)
JUNE 12 | 5 Economic Trouble Spots (Policy Memo)
MARCH 29 | New Census Measures Undercount Poverty (Issue Brief)
MARCH 22 | Working and Still Poor (Snapshot)
FEBRUARY 17 | Gulf Grows Between Minimum Wage and Average Workers (Snapshot)
FEBRUARY 16 | Report Shows Effectiveness of Living Wage Policies (Briefing Paper)
2005
DECEMBER 21 | Inflation Eats Away Minimum Wage's Value (Snapshot)
NOVEMBER 9 | Katrina Evacuees Face Very High Unemployment (Snapshot)
OCTOBER 26 | Gulf Rebuilding May Worsen Residents' Plight (Viewpoint)
OCTOBER 12 | Income and Poverty Affect College Completion (Snapshot)
SEPTEMBER 28 | Gulf families’ recovery at risk (Snapshot)
SEPTEMBER 13 | WSJ Gets Minimum Wage Facts Wrong (Viewpoint)
SEPTEMBER 1 | The Incredible Shrinking Minimum Wage (Issue Brief)
SEPTEMBER 1 | Report Charts Basic Living Costs In Hundreds Of Areas
AUGUST 31 | EPI NewsFlash: Expanded Analysis
of Census Poverty and Income Report for 2004
The Economic
Policy Institute’s
Income Picture, released today, is an expanded analysis of
yesterday’s Census Poverty and Income Report.
MAY 3 | EPI Alert: Resources for Mother’s
Day Reporting
As you write your stories themed to
Mother’s Day, it’s important to remember that as of 2003 (the 2004
data are not yet out) 71.1 percent of mothers of children 18 and
under were in the workforce. Here is a quick
list of relevant reports
and analyses that have been
posted to our website since last Mother’s Day.
JANUARY 24 | EPI-FYI: Which EPI is
which?
Whats in a name? A world of difference if the names in question are
the ECONOMIC Policy Institute and the EMPLOYMENT Policies
Institute, both known as EPI. We (the original EPI) believe that
higher minimum wages and better working conditions are sound
economic policy because thats what the research data show. They
(EPI#2) actually try to make a case that it hurts minimum-wage
workers to raise their pay. Theres a huge difference between the
two institutes, and just to help you keep it straight, heres a
helpful hint: Think of them not as the EmployMENT Policies
Institute, but as the EmployERS Policies Institute, and its easy to
remember.
2004
DECEMBER 1 | EPI NewsFlash: States, Not
Feds, Take Lead On Minimum Wage
The president and Congress have failed to raise the hourly minimum
wage of $5.15 since 1997, but 13 states stepped in to enact wage
minimums higher than the federal level, with several others poised
to do the same. This EPI Snapshot
traces the value of the minimum wage since 1979 and looks at the
history of how states have acted in response to federal
inaction.
OCTOBER 15 | EPI NewsFlash: Minimum Wage
Hike Supported by Nobel Economists
Wednesday nights
presidential debate brought the issue of a long overdue increase in
the minimum wage back into the national spotlight. Last week, in a
signed
statement released by the Economic Policy Institute (EPI), 562
economists, including four Nobel Prize winners in economics, agreed
that this is an important national issue that deserves more
attention than its gotten recently.
OCTOBER 7 | EPI NewsFlash: Safety Net for
Single Mothers is Fraying
For low-income single mothers,
the safety net of programs such as welfare, unemployment insurance,
and food stamps have helped to blunt the impact of an economic
downturn. But we're moving towards a system that boosts single
mothers' incomes in good times but fails to prevent losses in bad
times. In this week's Snapshot
, EPI senior economist Jared Bernstein looks at how the safety net
for low-income single mothers is failing to prevent their incomes
from contracting.
OCTOBER 6 | Economists Support Minimum Wage
Raise
Its been seven years since Congress last increased
the minimum wage the second longest stretch of government inaction
since the minimum wage was enacted in 1938. In a
signed statement,
released
today by the Economic Policy Institute, 562 economists, including
four Nobel Prize winners in economics, support a modest increase in
the minimum wage, saying it can significantly improve the lives of
low-income workers and their families. These economists also
support raising state minimum wages, including proposed raises in
Florida, Nevada, and New York.
SEPTEMBER 1 | EPI NewsFlash: Low Wages,
Part-time Can Block UI Benefits
Todays Snapshot
from the Economic Policy Institute illustrates that policies in 25
states block many unemployed part-time minimum wage workers who are
seeking part-time jobs from getting Unemployment Insurance
(UI).
AUGUST 5 | EPI NewsFlash: Other Nations Lead US: Higher
Productivity, Lower Poverty
New Economic Policy Institute research released today shows seven
European countries have surpassed the United States productivity
levels with fewer working hours and lower poverty rates. This is
report is a preview of the
international comparisons chapter
in the forthcoming EPI book, The State
of Working America 2004/2005, a comprehensive review of the U.S.
labor market and living standards.
JULY 19 | EPI NewsFlash: To help poorest
working families, raise minimum wage.
Opponents of raising the minimum wage say it wouldnt help the
poorest households, but the data say differently. In a new Economic
Policy Institute Snapshot, EPI economist Jeff Chapman shows
that in a typical state the lions share of the benefits of a higher
minimum wage would flow to low-income working households.
JUNE 23 | EPI NewsFlash: US Child Poverty
Rate High, Social Spending Low
From a look at 17 rich, industrialized countries, the United
States' child poverty rate 22 percent is by far the highest, and
one reason appears to be the relative lack of spending our country
commits to social services for disadvantaged families. In an
insightful Snapshot,
Economic Policy Institute economist Sylvia Allegretto finds that
countries with higher social expenditures as a percentage of gross
domestic product (GDP) have dramatically lower poverty rates among
children.
MAY 19 | EPI NewsFlash: Single Moms Lose
Ground
The Economic Policy Institute charted the rising incomes of
low-income single mothers during the 1990s labor market boom, as
many moved from welfare to jobs. The latest data now available show
safety net programs like welfare, unemployment compensation, and
EITC, are not reversing the damage done by the recession and
jobless recovery. Read the Economic
Snapshot.
MAY 11 | EPI NewsFlash: Raising the Minimum
Wage, Federal and State
Congress is considering whether to raise the minimum wage from
$5.15 to $7.00 an hour. Twelve states and the District of Columbia
have already raised their minimum wages. Two reports released today
by the Economic Policy Institute, show that increases in the
minimum wage do not result in job losses and clearly outline the
need for raising the minimum wage to enable individuals and
families to escape poverty. Read the
news release.![]()
APRIL 28 | EPI NewsFlash: Minimum wage raise
overdue
In the six years since Congress last raised the federal minimum
wage, the value of that $5.15 per hour, which translates to $10,712
per year for a full-time worker, has slipped to a historic low, far
below the poverty line. Two proposals now in the talking stages in
Washington would bump the hourly rate up to $7.00 or to $6.25.
Snapshot
author, Amy Chasanov, EPIs deputy policy director, finds that
although the raise to $7.00 would help 7.4 million low-wage workers
over two-thirds of them adults the benefits of a raise of this
magnitude would be far smaller than in the 1996-97 increase.
JANUARY
