I’d wager heavily that most people would answer “rent.” It’s a bigger slice of personal spending. Short-term accommodation accounted for just 1% of U.S. household budgets in 2016, compared to the 16% spent on housing, according to analysis from the Economic Policy Institute, a think tank based in Washington, D.C.
Bloomberg
January 22, 2020
According to the Economic Policy Institute, the average wealth for white families is seven times higher than the average wealth for black families.
USA Today
January 21, 2020
Despite working in an expanding economy with low levels of unemployment, Americans’ wages are only slowly inching up.2 According to a 2018 report from the Economic Policy Institute, labor income for the bottom 90 percent of Americans as a share of all market-based income shrunk by 11 percentage points between 1979 and 2015.3
Center for American Progress
January 21, 2020
Recently, the Trump administration also succeeded in getting Congress to agree to its USMCA trade deal with Canada and Mexico. USMCA will replace NAFTA, a trade agreement that allowed Mexico to suppress their workers’ rights and wages to entice U.S. businesses to move abroad. NAFTA has been nothing but devastating for Tennessee. The Economic Policy Institute found that Tennessee lost over 16,000 jobs because of the spike NAFTA caused to the U.S.-Mexico trade deficit – and that was in 2010. It was high time for change, and the Trump administration delivered it. It’s remarkable how, in just three years, the president has completely changed the competitive standing of the U.S. – especially considering how little changed in the decades prior. Unfortunately, however, despite the business-friendly environment the administration has bended over backward to create, the U.S. is still not immune to cheats that try to game the system. This is not the fault of the administration; it’s always an inevitability. Even if the president lowered the corporate rate to 0-percent, there would still be bad actors looking to capitalize on unclosed loopholes.
The Tennessee Star
January 21, 2020
(All the following statistics come from the U.S. Census Bureau and the Economic Policy Institute.)
This is the effectiveness of the self-funded savings of retirees in America:
- The mean retirement savings of all working-age families is $95,776,
- The median amount, which factors in the nearly 50% of Americans who have no retirement savings, is just $5,000.
This is how the timeline typically looks:
- The average American retires at age 62.
- The average length of retirement is 18 years.
Valdosta Daily Times
January 21, 2020
Big banks and other major companies have tried to play off the tax law’s benefits as a boon to the American worker regardless. In the immediate aftermath of the bill becoming law, many private companies issued press releases touting bonuses for their workers. However, the total bonuses workers received in 2018, compared to the year before, was just one cent more, according to the Economic Policy Institute.
The National Memo
January 21, 2020
CityLab cites a report from the Economic Policy Institute in its article on the rankings, which states that the problem could have stemmed from racial segregation. The report also shares that black populations could have moved to the Midwest for economic opportunities and then experienced disproportionate fall-out during de-industrialization.
Cleveland.com
January 21, 2020
A 2018 Economic Policy Institute report found that about one in eight Americans lives below the poverty line.
Public News Service
January 21, 2020
The gender split of workers is not evenly divided across sectors, and it shows up in certain professions at different intervals. For example, “in recessions in general, men lose more jobs than women,” said Elise Gould, senior economist at the Economic Policy Institute, a nonpartisan think tank. That is because jobs in cyclical sectors like industrials and energy tend to employ more men than women, and are often the first to dwindle in a downturn.
WRAL Tech Wire
January 21, 2020
Según el Economic Policy Institute (EPI) el 77% de los que trabajan en construcción y fábricas son hombres mientras que el 77% de quienes están ocupados en educación y servicios de salud son mujeres. “Entre 2018 y 2019 la construcción y las manufacturas añadieron 356,000 empleos pero educación y servicios de salud sumaron 603,000”.
El Diario
January 21, 2020