The United States is still in the midst of one of its longest economic expansions in the country’s history — a decade as of June — but investors still cannot seem to shake the fear that the cycle is getting long in the tooth. Registered investment advisers reported in a recent sentiment survey that the No. 1 concern among their clients was a recession (33 percent), replacing volatility as the top spot (up 7 percent from the previous quarter), and their worries are well-founded. In August, the bond yield curve inverted, meaning the interest rates on short-term bonds were higher than interest rates paid by long-term bonds. It is a sign the market believes short-term investing is riskier than long-term, a pattern that has occurred before every U.S. recession since 1955. While no one knows for certain when the next recession will hit, it is likely we could see it within the next 18 months, according to an Economic Policy Institute report.
Real Assets Adviser
November 12, 2019
Using data from the Economic Policy Institute we mapped out how much an average family in each county in Maryland, Virginia and the District of Columbia spends annually on childcare for one child.
WUSA 9
November 12, 2019
That’s debatable. A 2019 review of studies on the impact of Airbnb by the liberal Economic Policy Institute concluded that those rentals in New York City “may have raised average rents by nearly $400 annually.”
Ann Arbor Observer
November 12, 2019
Yellen, a President Barack Obama appointee in 2014 to the Fed, appeared on a panel titled “Women in Economics: The Washington Edition.” The discussion, held at the Economic Policy Institute think tank, focused on female economists and the challenges they face in the real world of a white-male dominated profession.
Inside Sources
November 12, 2019
The Economic Policy Institute found that since 1979 American productivity has increased a staggering 69 percent. But hourly wages have only gone up 11 percent, meaning that Americans are working their hardest in decades and getting paid less than ever for it.
GQ Magazine
November 6, 2019
Employees who have manufacturing technology skills are incredibly valuable and compensated accordingly. A recent Economic Policy Institute paper notes manufacturing workers earn 13 percent more in hourly compensation (including both wages and benefits) than comparable workers in the rest of the private sector. Other studies point to similar compensation advantages.
Fox Business
November 6, 2019
One other observation: Employee participation in 401(k)-type plans is much more unequal than in traditional plans. The union-oriented Economic Policy Institute reported in 2016 that 68% of households in the top 20% of the income ladder had 401(k) plans, but only 4% of those in the bottom 20% of income. By contrast, 27% of the top fifth and 6% of the bottom fifth had defined benefit pensions. Munnell and Biggs gloss over this imbalance, as we’ll see.
LA Times
November 6, 2019
California is quite familiar with that gap. In 2017, the state had the seventh-greatest disparity in the U.S. between the richest 1% and everyone else, according to the Economic Policy Institute. One in five California children lives in poverty.
San Francisco Chronicle
November 6, 2019
According to the Los Angeles Daily News Nov. 3 editorial, we cannot afford Medicare for All. Are you kidding! The top .01 percent average annual income was $26.1 million according to the 2013 Economic Policy Institute report. Moreover, in 2018 the richest 400 families in the US paid an average effective rate of 23% while the bottom half of American households paid a rate of 24.2%. This is according to two University of California Berkeley economists Emmanuel Saez and Gabriel Zucman in their book, “The Triumph of Injustice.”
Monterey Herald
November 6, 2019
Dorsey lives in the Columbia Forest neighborhood in South Arlington with his wife, Rachel Feldman, and their two daughters. He is a policy and communications consultant for liberal organizations. Before joining the board, he was a senior leader at the Economic Policy Institute, a think tank that promotes progressive economic policies.
The Washington Post
November 6, 2019