With U.S. and global growth slowing, Federal Reserve chairman Ben Bernanke is pumping more money into the banking system in an attempt to rescue the economy. This has lowered interest rates, reducing the return from savings. Seniors are particularly hard-hit, because 10 percent of their income comes from interest on savings. If interest rates were 2 percent rather than 1 percent, the average senior would have an additional...
full articleTwo-thirds (66%) of college seniors who graduated in 2011 had student loan debt, with an average of...
If Congress cannot negotiate a compromise to avoid the so-called fiscal cliff, one result would be...
Economists Henry Siu and Nir Jaimovich point out that since the end of the Great Recession in June...
Some have claimed that the fiscal cliff threatens doom for state and local governments-are they ...