Time to Rethink a Myth

Maybe parents might want to consider the effects of pushing their children to get a college education:

Cyndee Marcoux already was stretched thin, thanks to the $80,000 in student loans she racked up after getting divorced and going back to school a decade ago. Her breaking point came in 2010, when her daughter defaulted . . . → Read More: Time to Rethink a Myth

The Future Is Not Pretty For Women

The Grey Lady reports:

Sixty percent of women in the United States who are 65 or older do not have enough income to cover basic expenses without help, even if they are married, according to the report.

That is compared to 41 percent of men in that age group.

The report compares income, not . . . → Read More: The Future Is Not Pretty For Women

Raising your children

Thanks to Darwin Barton

There’s something to be said for raising your kids on a daily basis and that’s what I’m working on doing. A few years back my husband and I made the tough decision for me to quit my job and it’s been really nice, actually, since we’re able to have me . . . → Read More: Raising your children

Daily Ranking - inflation adjusted income growth

So I missed this last week, but I was away.  We’ve been noticing that Pittsburgh has been faring well in income growth of late compared to other regions.. but Wendell Cox in Newgeography.com takes it a bit further and adjusts for regional cost of living differences to measure recent growth rates.  We weren’t number 1, . . . → Read More: Daily Ranking – Inflation Adjusted Income Growth

Artificial states

The question of the artificial states has recently been brought up by the referendum in Southern Sudan on whether the southern part of the country should declare political independence from the northern part of the country. An article in New York Times (link) succintly discussed few notable fact-checked evidence of the increasing ethnic, political . . . → Read More: Artificial States

Getting Richer in Pittsburgh

Forbes: Where Americans Are Getting Richer.

You betcha…  No. 6.

They have a companion piece: 10 Highest State Income Tax Rates For 2011.  Might be worth noting that Pennsylvania is not on that list, nor anywhere near close.  Look at those state income tax rates and compare them to Pennsylvania’s.   A lot of those . . . → Read More: Getting Richer in Pittsburgh

How Important is the ‘Size of Government’ Component of Economic Freedom Indexes?

A few months ago a guest blogger on ‘The Baseline Scenario’ blog, StatsGuy, wrote a post entitled ‘Good Government Versus Less Government’. It was described as a ‘must-read’ in a post by Tyler Cowen on ‘Marginal Revolution’ and received a great deal of attention on a range of other blogs including Scott Sumner’s (here).

StatsGuy . . . → Read More: How Important is the ‘Size of Government’ Component of Economic Freedom Indexes?

September Ushers In Welcome News; Manufacturing Growth Accelerates and Adds Jobs for Ninth Straight Month

The beginning of September saw good news flowing in many corners of the economy.

The consumer made a comeback in July-in both income and spending. Personal income in July posted a 0.2 percent gain, following no change in June. The July figure was a little lower than the consensus expectation for a 0.3 percent . . . → Read More: September Ushers In Welcome News; Manufacturing Growth Accelerates and Adds Jobs for Ninth Straight Month

Consumers Score Another 2010 Trifecta

Income, Spending, and Saving All Grow in May

According to the Bureau of Economic Analysis the month of May provided a triplet of economic good news — personal income, spending, and savings all grew. Furthermore, income grew even greater than consumer expenditures and consequently, savings grew as well.

All three measures added similar gains . . . → Read More: Consumers Score Another 2010 Trifecta

Economic Events on May 3, 2010

The figures for motor vehicle sales in April will be released today.  The consensus estimate is that 8.8 million autos were sold in April, which would be the same number of autos sold in March.

At 8:30 AM EDT, the monthly Personal Income and Outlays report for March will be released.  The consensus for . . . → Read More: Economic Events on May 3, 2010