According to the Economic Policy Institute’s family budget calculator, a single adult with no children needs an annual salary of $45,517 to survive in Boulder. That number increases to $74,594 with the addition of a child. In comparison, a full-time minimum wage worker in Colorado earns a salary of $23,088 before taxes.
CU Independent
November 27, 2019
The latest episode of The President’s Inbox is live. I sat down with Jennifer Hillman, CFR’s senior fellow for trade and international political economy, and Thea Lee, president of the Economic Policy Institute, to talk about U.S. trade policy.
Council on Foreign Relations
November 27, 2019
Even though the national unemployment rate has been at or below 4% for more than a year, with veteran unemployment rates even lower, the lack of consistently strong wage growth is one of the remaining weaknesses of the labor market in 2019, according to the Economic Policy Institute.
Military Officers Association of America
November 26, 2019
The rise in personal loans points in part to a paradox of the current economic expansion. Heidi Shierholz is a senior economist and director of policy for the Economic Policy Institute in Washington, D.C. “Nominal wages grew 3.0% year-over-year in October, which is slower than expected in an economy where the unemployment rate has been at or below 4.0% for the past 20 months,” according to her. “Wage growth — which was picking up from late 2017 to late 2018 — has been backsliding this year.”
MultiBriefs: Exclusive
November 26, 2019
When it comes to retirement, many Americans remain financially unprepared. According to the Economic Policy Institute, the median retirement savings balance for the typical working age family is $5,000. The median savings for 32-to-37-year-olds is just $480.
Investopedia
November 26, 2019
The federal minimum wage is worth 17% less than it was 10 years ago and nearly one-third less than it was in 1968, according to the Economic Policy Institute.
Woodall’s Campground Management
November 26, 2019
The long-term trend of wages not keeping up with the prices of essentials hasn’t improved much, as it’s been reported that minimum-wage workers can’t afford a two-bedroom apartment anywhere in the US. (The Economic Policy Institute—7/19/18, 2/5/19—found that if the minimum wage tracked productivity growth since the 1960s, it would now be over $20 an hour.)
Truthout
November 26, 2019
New figures from the Economic Policy Institute show Latinas make much less, about 56% of what white men are paid, and 66% of what white women earn.
91.5 KJZZ
November 26, 2019
24/7 Wall St. reviewed cost of living estimates from financial think tank the Economic Policy Institute’s Family Budget Calculator. The estimates are of the costs needed for a family of two (two adults and no children) to lead a “modest yet adequate standard of living.” These costs include all of the basic necessities for a decent life, including housing, food, transportation, health care, and other necessities, as well as taxes. The income required varies from just under $43,000 in one state to over $66,000 in another. This is much higher than the Census Bureau’s official poverty threshold for a household with two people — $16,247.
24/7 Wall St.
November 26, 2019
Wage growth has been tepid over the past few years, while home prices are going through the roof. | Source: Economic Policy Institute
CCN
November 26, 2019