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“Income levels and poverty rates were not statistically different for most states and metro areas from 2011 to 2012, according to statistics released today from the U.S. Census Bureau’s American Community Survey. Incomes remained lower and poverty rates were higher in 2012 than in 2007, the year before the recession. The percentage of people without …
“Prudential Financial, Inc. confirmed today that it has been notified by the Financial Stability Oversight Council (FSOC) that the company has been designated a systemically important financial institution by a final vote. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Prudential has 30 days to consider its response to FSOC’s determination.” American Banker …
“We recognize that social service agencies are a trusted resource for some consumers. Through our research and outreach, we have learned that case managers and frontline staff at social service agencies do not always have the knowledge, skills, and tools to support their clients in improving their financial lives. As a result, we took on …
Living Below the Line: Economic Insecurity and America’s Families. Shawn McMahon, Jessica Horning – Fall 2013 “Forty-five percent of US residents live in households that lack economic security. Thirty-nine percent of all adults and 55% of all children live in households that lack economic security incomes. Between 2007 and 2011, the overall economic insecurity rate rose from 38% to 45%. The …
AGA’s Annual Inspector General Survey: Effective Oversight in a Changing Environment – September 2013 “The top three challenges for the IG community identified by the survey were: Budget – Funding to meet growing oversight responsibilities in the areas of IT security, healthcare, financial services, and other specialized areas Human Resources – Acquiring and retaining people …
News release: “Information received since the Federal Open Market Committee met in July suggests that economic activity has been expanding at a moderate pace. Some indicators of labor market conditions have shown further improvement in recent months, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has …
Financial Planning Profiles of American Households: The 2013 Household Financial Planning Survey and Index, September 18, 2013 “Close to nine in 10 American households today engage in some type of formal or informal financial planning. These behaviors range from following a household budget that is not even written down, to setting up a retirement account, to working …
BEA news release: “Real GDP increased in 305 of the nation’s 381 metropolitan areas in 2012, led by growth in durable-goods manufacturing, trade, and financial activities, according to new statistics released today by the U.S. Bureau of Economic Analysis. Real GDP in metropolitan areas increased 2.5 percent in 2012 after increasing 1.7 percent in 2011. Today’s …
FEDERAL DATA TRANSPARENCY – Opportunities Remain to Incorporate Recovery Act Lessons Learned, GAO-13-871T, Sep 18, 2013 NATIONAL FLOOD INSURANCE PROGRAM – Continued Attention Needed to Address Challenges, GAO-13-858T, Sep 18, 2013 RACE TO THE TOP – States Implementing Teacher and Principal Evaluation Systems despite Challenges, GAO-13-777, Sep 18, 2013 DHS RECRUITING AND HIRING – DHS Is Generally Filling Mission-Critical Positions, but Could …
CRS – Rebuilding Household Wealth: Implications for Economic Recovery – Craig K. Elwell, Specialist in Macroeconomic Policy, September 13, 2013 “The pace of economic recovery from the 2007-2009 recession has been historically slow. Over four years of recovery, the annual rate of growth of real gross domestic product (GDP) has averaged 2%, well below the …
News release: “Sixteen percent of the U.S. civilian noninstitutional population age 15 and over (39.6 million people) provide unpaid eldercare, the U.S. Bureau of Labor Statistics reported today. Nearly one-fourth of eldercare providers engage in unpaid eldercare on a given day, spending an average of 3.2 hours providing this care. These estimates are averages for …
“Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP). That percentage is higher than at any point …
