Financial literacy promotion may sound perfectly sensible—who wouldn’t want to teach children and adults the secrets of managing money?—but in the face of recent research it looks increasingly like a faith-based initiative.
Thanks to decades of stagnant wages and the Great Recession, more than half of American working-class households are at risk of being unable to sustain their standard of living past retirement. Duncan Black is trying to change that.
Our reserves of trust can be affected by economic conditions. So two sociologists looked at how those reserves fared in communities hardest hit by the recession.
The good news: Economists are starting to come up with some decent theories as to why this recovery is so bad at generating employment. Now here's the bad news.
America is now dotted with “temp towns”—places where it’s difficult to find blue-collar work except through a temp agency and where workers often suffer lost wages, no benefits, and high injury rates.
Worries about oil and gas hog the airwaves. But copper is also essential to keep the world running: It threads through your house, your computer, your eco-correct hybrid car. And it's getting just as difficult, expensive, and environmentally menacing as oil to extract. We have entered the era of tough ore.