David Lapp of Family Studies updates Lance’s story and explores how “shareholder capitalism” plays a strong role in the lives of the working poor: Man Cannot Live By Values Alone.
David Lapp of the blog Family Studies uses the story of Lance, age 24, to illustrate the lives of the working poor: “Lance got married before having kids, and he and his wife both work—yet they still come up short on rent.”
The Bureau of Labor Economics released a report on the number of “working poor” in the United States from 1986-2013.
The number of “working poor” in the United States was 10.5 million in 2013. The working poor are people who spent at least 27 weeks in the labor force during the year—either working or looking for work—but whose incomes were below the official poverty level. The working-poor rate, or the ratio of the working poor to all those in the labor force for at least 27 weeks, was 7.0 percent in 2013.
See the full report (PDF).
Emily Badger and Christopher Ingraham of Wonkblog use data from the Annie E. Casey Foundation’s Kids Count to map the best and worst states for children on a variety of indicators, including poverty, food security, housing, family structure, education, exercise, and incarceration rates.
See also, The growing wealth gap that nobody is talking about.
Jonnelle Marte of Wonkblog examines the costs of renting.
For many households, the monthly rent check is so big that it eats up the majority of their paycheck — and the burden is growing. Some 20.7 million rental households — or about half of all renters– spent more than 30 percent of their income on housing in 2013, according to a report from the Harvard Joint Center for Housing Studies. About 11 million of those households spent more than half of their paycheck on rent and utilities, up 37 percent from 2003, the study found. (Financial advisers typically recommend that people spend less than a third of their pay on housing costs.)
Click here for an interactive map.
The Pew Research Center released a report on the promise and reality of a global middle class.
In 2011, a majority of the world’s population (56%) continued to live a low-income existence, compared with just 13% that could be considered middle income by a global standard, according to a new Pew Research Center analysis of the most recently available data.
And though there was growth in the middle-income population from 2001 to 2011, the rise in prosperity was concentrated in certain regions of the globe, namely China, South America and Eastern Europe. The middle class barely expanded in India and Southeast Asia, Africa, and Central America.
When Guarding Student Data Endangers Valuable Research
Susan Dynarski | New York Times (Upshot Blog)
June 13, 2015
University of Michigan Public Policy professor, Susan Dynarski, warns researchers of pending legislation that would curtail sharing of educational data with researchers:
In response to such concerns, some pending legislation would scale back the authority of schools, districts and states to share student data with third parties, including researchers. Perhaps the most stringent of these proposals, sponsored by Senator David Vitter, a Louisiana Republican, would effectively end the analysis of student data by outside social scientists. This legislation would have banned recent prominent research documenting the benefits of smaller classes, the value of excellent teachers and the varied performance of charter schools.
Below is a summary of Vitter’s proposed legislation from his office:
Vitter Introduces Student Privacy Protection Act
David Vitter, R(LA) | From David’s Desk
May 14, 2015
The Federal Reserve released the 2014 Survey of Household Economics and Decisionmaking on May 27, 2015.
From the press release:
The Federal Reserve Board’s latest survey of the financial and economic conditions of American households released Wednesday finds that individuals’ overall perceptions of financial well-being improved modestly between 2013 and 2014 but their optimism about future financial prospects increased significantly.
Download full report (PDF)