June 13, 2012 |
WASHINGTON — A new survey of U.S. family finances released by the Federal Reserve on Monday documents in painful detail just how deeply the Great Recession and its aftermath has been felt in household budgets across America. The Survey of Consumer Finances, conducted every three years and covering a span from 2007 to 2010, documents steep declines in family income that correspond to what many Americans already know about their own declining net worth. It also shows how the South and West have felt more pain than the rest of the country because of the severity of the housing sector's downturn there, and provides evidence that the self-employed and business owners have taken it on the chin in recent years.
March 12, 2012
By Lewis Diuguid Because of this country's racist past, the future for people of color, and for the United States overall, doesn't look too promising. That was the conclusion of a report by the group United for a Fair Economy. Consider that in 1980, the U.S. population was 80 percent white. By 2010, the white portion had dropped to 65 percent. The Census Bureau now projects that by 2042, eight years sooner than once predicted, the United States will become a majority-minority nation.
February 16, 2011
AMONG the more egregious shortcomings of your Legislature - a bloated body known for greed, avarice and inaction - are its disregard for the people it's supposed to serve and its high regard for serving itself. An example is the shameful silence of its so-called leaders on the issue of health insurance for lower-income working Pennsylvanians. A state program called adultBasic, which provides low-cost, minimal health-care coverage to 41,424 folks (5,999 in Philly), is set to expire Feb. 28 because it has run out of money.
April 9, 2010 |
Democratic gubernatorial candidate Dan Onorato and his wife, Shelly, reported $111,636 in total income last year, according to a partial copy of the tax return they filed with the IRS. The return, along with similar reports for each of the four previous years, were released Thursday to The Inquirer at the newspaper's request. Onorato, of Pittsburgh, earned $90,000 as the elected Allegheny County executive. Most of the rest of the family's income came from Shelly Onorato's work as a part-time dental hygienist and health-care consultant.
March 28, 2010 |
Their 2008 family income ranged from a little above $83,000 to almost $216,000. Four of the six candidates running for governor - two Democrats and two Republicans - complied with a request from The Inquirer to release income-tax information for recent years so that voters could gain a sense of their finances. Three of the candidates, as requested, also released statements from their doctors on their physical fitness to serve as governor. Democrats Dan Onorato, the Allegheny County executive, and State Sen. Anthony Hardy Williams, of Philadelphia, failed to supply either sort of information.
March 28, 2007 |
Michael L. Krancer, a Republican candidate for state Supreme Court, lives in a $1.7 million home atop a rolling hill in Bryn Mawr with a pool and a cabana. Taxes alone were $42,000 a year. Then there is private-school tuition for his two daughters and his five cars, including two Mercedes-Benzes. There's just no way he could afford all this on his $127,000 salary as a judge with the state's Environmental Hearing Board, lawyers for a challenger argued yesterday. They asked a state judge to bump Krancer from the May 15 primary ballot, claiming he had failed to disclose other sources of income.
March 24, 2006 |
Following through on a promise to make it easier for low- and middle-income students to attend the University of Pennsylvania, president Amy Gutmann announced yesterday that Penn would cover the full cost of undergraduate education - including room and board - for students with family incomes of $50,000 or less. "The signal it sends is you can afford to come to Penn, if you can get into Penn," said Gutmann, who described "equal educational opportunity" as one of her "highest priorities.
September 5, 2005 |
John Sweeney is president of the AFL-CIO This Labor Day, we read that more jobs are out there and the housing market is booming. The nation must be doing well, right? Not so fast. Despite the "recovery," economic dissatisfaction among working Americans is increasing. Nearly 60 percent are not happy with the country's economic situation, according to new research by Peter D. Hart Research for the AFL-CIO. And it's deeper than rising gas prices. Working people are facing tough times - even if the talking heads haven't noticed yet. A record 53 percent of working people say their family's income is falling behind the cost of living; that's the first time more than half have reported falling behind.
March 15, 2005
Wrong Bucks towns got handouts from state RE: Christine Schiavo's March 10 article "4 towns get improvement funds," on the first Bucks County communities to receive $2.3 million in state grants for municipal improvements: Which struggling, low-income towns would one imagine would be in need of government subsidies to finance projects they cannot afford to pay for themselves? Bristol Borough, Penndel or perhaps Morrisville? Hardly. They were Yardley, Quakertown, Doylestown Borough and Doylestown Township.
January 23, 2005 |
On television they are the undisputed queens of the household, swapping families in one show and living desperate lives on another. In the movies, they might come in the Stepford variety. Wives. Throughout history, "The Mrs. " has worn many hats - from husband's chattel to modern independent spouse. Gone are the days when brides automatically adopted their husbands' names. Erased are the marriage vows that required a woman to "obey. " Forgotten is the archaic man-and-his-castle mentality.