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Category Archives: Financial System

Where Does All the Money Go: Shifts in Household Spending Over the Past 30 Years

Brookings – Shifts in Household Spending Over the Past 30 Years, Jun 2016.

“Economic progress occurs unevenly, diffusely, and at times unpredictably: whole categories of spending diminish or grow as technology and preferences shift. For instance, as the relative price of clothing has plummeted, the share of spending going to clothing has declined; at the same time, health care has become more expensive and it has increased as a share of total spending. This economic analysis describes shifts in consumer spending patterns over the last thirty years, and how the experiences of low-income households have differed from higher-income households. We show that low-income households today spend a higher share of their budgets on basic needs—defined as the major budget components of housing, food, transportation, health care, and clothing—than they did three decades ago..”

The State Pension Funding Gap: 2014

Pew Charitable Trusts, New accounting rules help provide a clearer picture, august 23, 2016 – “The nation’s state-run retirement systems had a $934 billion gap in fiscal year 2014 between the pension benefits that governments have promised their workers and the funding available to meet those obligations. That represents a $35 billion decrease from the shortfall… Continue Reading

Proposal for an Innovative Security for Retirees

Shankar, S. Gowri, Proposal for an Innovative Security for Retirees (August 4, 2016). Journal of Retirement (JOR), Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2828360 [The author] “advocates for the issue of a new US Treasury security to help retirees with modest savings earn a safe, steady retirement income. The proposed new security would pay out… Continue Reading

Improving access to government services through a shared authentication platform

“18F, which is part of the General Services Administration’s Technology Transformation Service, is building an authentication platform to make online interactions with the U.S. government simple, efficient and intuitive. This platform will be a service shared by agencies to streamline logging in and to allow the public to securely access personal information and federal government… Continue Reading

Success and Failure in Stock Exchange Consolidations: Implications for Markets and Their Regulation

Jordan, Cally, Success and Failure in Stock Exchange Consolidations: Implications for Markets and Their Regulation (January 24, 2016). CIFR Paper No. 118/2016. Available for download at SSRN: http://ssrn.com/abstract=2829188 “The catalyst for the preparation of this working paper was the epochal merger in 2007 of the New York Stock Exchange with Paris-based Euronext, itself a consolidation… Continue Reading

State and Local Finance Initiative’s State Economic Monitor

Via Urban Institute: “The State and Local Finance Initiative’s State Economic Monitor tracks and analyzes economic and fiscal trends at the state level. Its interactive graphics highlight particular differences across all 50 states and the District of Columbia in employment, earnings, housing, and taxes.” Continue Reading

Report and Recommendations: Fighting Elder Financial Exploitation through Community Networks

CFPB – “Elder financial exploitation destroys the financial security of millions of older Americans annually. In response to this crisis, hundreds of communities across the United States have created collaborative networks to protect their older residents.  To increase our understanding of how elder financial protection networks can grow and endure, the CFPB conducted research nationwide.… Continue Reading

Data shows how much you must earn to buy a home in 27 metro areas

Tim Manni, HSH.com, Aug 22, 2016: “See [this data to know] exactly how much salary you would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in 27 metro areas. Key takeaways: Only three metro areas were more affordable during the second quarter: Tampa, Orlando and… Continue Reading

Iran: Politics, Gulf Security, and U.S. Policy

CRS report via FAS – Iran: Politics, Gulf Security, and U.S. Policy. Kenneth Katzman, Specialist in Middle Eastern Affairs. August 19, 2016. “Since the Islamic Revolution in Iran in 1979, a priority of U.S. policy has been primarily to reduce the perceived threat posed by Iran to a broad range of U.S. interests, including the… Continue Reading

Flood Insurance: Review of FEMA Study and Report on Community-Based Options

Flood Insurance: Review of FEMA Study and Report on Community-Based Options, GAO-16-766: Published: Aug 24, 2016. Publicly Released: Aug 24, 2016. “The Federal Emergency Management Agency (FEMA) used reasonable objectives and methodology for its study on community-based flood insurance (CBFI)—flood insurance that a community would purchase to cover all properties located within it. FEMA contracted… Continue Reading

CRS – How Treasury Issues Debt

How Treasury Issues Debt, Grant A. Driessen, Analyst in Public Finance. August 18, 2016. “The U.S. Department of the Treasury (Treasury), among other roles, manages the country’s debt. The primary objective of Treasury’s debt management strategy is to finance the government’s borrowing needs at the lowest cost over time. To accomplish this Treasury adheres to… Continue Reading

Small-Business Financing after the Financial Crisis: Lessons from the Literature

Working paper – Small-Business Financing after the Financial Crisis: Lessons from the Literature, Stephen Matteo Miller, Adam J. Hoffer, David Wille. Aug 23, 2016. “Small businesses feature prominently in the US economy because they employ about 50 percent of the workforce and pay about 50 percent of American wages. Also, small businesses are often a… Continue Reading