R. M. Geren

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Student debt over $50K is on the rise

Janessa Robinson will soon join the "mega loan club" of college graduates with over $50,000 in student debt.<p>The 24-year-old didn't intend to join those ranks, but her bachelors' degree from Tulane University left her nearly that much in debt, and she plans to start graduate school soon.<p>"The price …

What Does Living In Poverty Really Mean?

<b>Listen · 5:42</b><p><b>Toggle more options</b><p><b>Download</b>• <b><br>Transcript</b><p>Financial writer Tim Harford, author of the new book <i>The Undercover Economist Strikes Back</i>, says the poverty line for a single American in 2012 was $30.52 per day. But Harford, talking with NPR's David Greene, says it's also about how people view …

An Unholy Alliance Is Forcing Veterans To Pay For 12 Years Of War

In doing so, it was given aid and comfort by knowledge-starved pundits, axe-grinding editorial boards, and self-anointed armchair analysts everywhere, as it left the military and veteran community standing with their jaws on the ground in despairing disbelief. Exploiting pressure to strike a budget …

Military Spending

McDonald's to Its Minimum-Wage Workers: Here's How to Tip Personal Trainers and Nannies

Under the iPads and PS4s the ghoul of debt is lurking

It's the sticky chicken lollipops that are the most baffling: £14 for a box from M&S, complete with a "sweet soy, mirin" – a Japanese condiment, apparently – "and ginger glaze".<p>"Don't bother – they are rank," advises one poster on Mumsnet, but at both ends of the market, 2013 feels like the year of …

Mapping The Wealth Of U.S. ZIP Codes Shows The Haves Hiding From The Have-Nots

The <i>Washington Post</i> recently showed how high-earners are clustering into “Super ZIPs” where median household incomes are more than $120,000, and where …

Occupy Wall Street buys $15 million of Americans' medical debt

An Occupy Wall Street spin-off group has bought up $14.7 million worth of Americans' personal medical debt and forgiven it over the last year as part of its Rolling Jubilee project, the group announced Monday.<p>The Rolling Jubilee project, organized by Occupy Wall Street's Strike Debt group, has so …

Congressional Odd Couple Could Be Key To Any Budget Breakthrough

Twenty-nine lawmakers are supposed to come up with a long-term budget deal by mid-December. They meet again Wednesday around a conference table, led by two people who couldn't be more different: Democratic Sen. Patty Murray of Washington state and Republican Rep. Paul Ryan of Wisconsin.<p>At 6-foot-1, …

Who will be the world's first trillionaire?

One trillion is huge. It's so hard to comprehend that 79% of Americans don't know how many millions are in a trillion. (It's one million times one million.)<p>But Credit Suisse's annual Global Wealth Report reported something astounding this week: "Two generations ahead, future extrapolation of …

About 15% of Americans live in poverty, so why is no one talking about it?

It's not my intention to belittle the government shutdown or the political showdown underway between President Obama and the GOP, but more often that not, America's fickle news media is dominated by one subject. It's what gets left out that is often more telling than what everyone (or at least the …

Happy Birthday! Or not. Income tax turns 100 years old

It's doubtful most people will notice, let alone celebrate, Friday's 100th anniversary of the U.S. income tax code. But, yes taxpayers, Oct. 4, 2013, is the centennial.<p>So, happy birthday income tax?<p>"Obviously, it depends on your perspective," said Ajay Mehrotra, a history professor at Indiana …

Where Americans—Rich and Poor—Spent Every Dollar in 2012

Food, clothes, and housing account for more than 60 percent of all spending among the poor.<p>Here it is, fresh from the Bureau of Labor Statistics: all of American spending in one big color wheel.<p>Since some of you (inexplicably) don't like pie charts, here's the same data in bars.<p>Averages are …

'Survivors, scrapers:' Why the middle class feels like it just can't get ahead

After years of struggling just to make ends meet, many Americans who describe themselves as middle class say they feel like they are barely hanging on, rather than getting ahead.<p>That’s no surprise, given the years of economic data showing just how hard it has been for many people in the middle of …

Demographics

Your Kids And Money: Teaching The Value Of A Dollar

What's the point of an allowance?<p>For Ron Lieber, personal finance writer for <i>The</i> <i>New York Times,</i> it'sa tool to help teach values and character traits like patience, moderation, thrift and generosity. And Lieber, who's writing a book, The Opposite of Spoiled, about kids, money and values, tells <i>Morning</i> …

Government Helps Rich Much More Than Everyone Else, Americans Say

U.S. government policies since the recession have benefited the wealthy significantly more so than they have helped the poor and middle class, according to a new report by the Pew Research Center.<p>The report, entitled “Five Years after Market Crash, U.S. Economy Seen as ‘No More Secure,’” was based …

Biggest beneficiary of federal tax breaks? You

A USA TODAY analysis shows that a tax code bias in favor of corporations is a bit of a myth.<p>WASHINGTON — "Tax expenditures" — those deductions, credits, exclusions, loopholes and other goodies that clutter up the tax code — now amount to nearly $1.2 trillion a year, the government says.<p>It's not all …

These 2 Stats Prove California's $10 Minimum Wage Is A Big Deal

California is very, very close to making a $10 minimum wage a reality. Doing so nationwide would change the lives of America’s working poor.<p>A June study by Restaurant Opportunities Centers United, a national organization focusing on racial equity in the restaurant industry, found that <b>(statistic #1)</b> …

Top 1% take biggest income slice on record

The gulf between the richest 1% of the USA and the rest of the country got to its widest level in history last year.<p>The top 1% of earners in the U.S. pulled in 19.3% of total household income in 2012, which is their biggest slice of total income in more than 100 years, according to a an analysis by …

Monkeys Understand Basic Forms Of Wealth

When the money is water, "wealthier" monkeys take more risks. Which makes them a decent model for human behavior.<p>Much like their human cousins, wealthy primates are more likely to monkey around with their money, says a new study on how monkeys perceive wealth and risk.<p>Currency means little to a …

Did I Participate In A Pyramid Scheme?

How college students like me get recruited into multi-level marketing, which seems to defy the laws of mathematics<p>People dressed in business suits, many of them about my age, began to fill the rows of seats inside a private room at the Proud Bird restaurant near LAX. I was brought, along with a …

Your Money: Programs to help shed student debt

Corey Nelson, 27, graduated from Michigan State University's law school in 2012 with a plan to work his way out of a six-figure student loan debt.<p>His goal was to work in public service by getting a job as an attorney for the government, maybe on the state or local level, and qualify for a federal …

Paying for college: We don't spend as much as we think

August 30, 2013 | 5:54 AM<p>Embed Code<iframe src="https://www.marketplace.org/2013/08/30/wealth-poverty/paying-college-we-dont-spend-much-we-think/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Four tips for teaching your kids how to handle money

Encouraging children to save can provide lasting lessons<p>For parents with young children, almost everything is a learning opportunity, and money lessons can't come soon enough.<p>Recent Northwestern Mutual research found that Americans have difficulty saving for the long-term—they know they need to …

Tightrope: Smart spending sets good retirement path

<b>Hi, Gladys, I was talking to a friend recently and our discussion led to retirement. My friend said that entrepreneurs never retire. His belief is that because we choose our businesses and we enjoy being in business we have a "til death do us part" attitude. I want to retire and I want to do it</b> …

Life on Minimum Wage Around the World

Rust Belt Chic And The Keys To Reviving The Great Lakes

Over four decades, the Great Lakes states have been the sad sack of American geography. This perception has been reinforced by Detroit’s bankruptcy filing and the descent of Chicago, the region’s poster child for gentrification, toward insolvency.<p>Yet despite these problems, the Great Lakes’ future …

America's most popular six-figure jobs

The median household income in the United States has increased slightly over the past two years, but it is still down more than 6% from the start of the recession. As of June, a U.S. family earned an estimated median of $52,100 annually, according to Sentier Research. This means that the vast …