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Five years after the Great Recession hit savers hard, a survey shows that more than half of investors are back on their feet and have regained their confidence.
Despite the battering of the housing market, young adults still intend to own a home.
The housing crash is not only slowing the economic recovery in the U.S., but helped spark global financial troubles …
Those in the highest echelon of income earners — the 1 percenters — are speeding past the rest of the population when it comes to rebuilding wealth after the recession of 2007 to 2009.
A study by E. Morris Cox Professor of Economics at Berkeley Emmanuel Saez, “Striking it Richer: The Evolution of Top Incomes in the United States,” shows that in 2009 to 2010, the 1 percenters captured an astounding 93 percent of income growth. The stock market, which has doubled in three years, is responsible for most of the gains of the wealthy since the recession, while the majority of Americans are still suffering from a sluggish housing market and jobs recovery.
Fed up with a widening gap between the haves and have-nots, protestors have taken their grievances public in the form of growing street protests. Known as the Occupy Wall Street Movement, groups have been forming mostly in the Manhattan area to complain that they don’t wield the same political influence over Washington politics as the
Not to belabor the whole investing in a recession topic, but Vanguard released a paper this week, “Recessions and balanced portfolio returns,” to address a common investor concern during economic contractions. “Given the rising risk of a renewed U.S. recession, investors may wonder about the merits of a more ‘defensive’ posture for their broad portfolio,”
It’s difficult sometimes to get a big-picture view of everything that is going on with so much information. There’s so much news about everything that the forest gets lost in all of the trees. Two news stories really highlight that phenomenon today. The first comes from the USA Today website. “Many investors quit stocks: Is
The R-word is flying around again. Last week, the Economic Cycle Research Institute, or ECRI, a business cycle forecasting firm, released an announcement stating “U.S. economy tipping into recession.” From their news release: Why should ECRI’s recession call be heeded? Perhaps because, as The Economist has noted, we’ve correctly called three recessions without any false
Call them “recession babies.” The effects of this month’s dramatic downturn in the stock market on the heels of the recession just three years ago is instilling a fear of risk in the very investors who have the most time to benefit from long-term stock market investments. The last generation to exhibit this level of
It’s no secret that the Great Recession hit some people harder than others, but for blacks and Hispanics it has become the great wealth divide. Both groups have lost decades’ worth of financial gains, with whites now claiming an average of 20 times the net worth of blacks and 18 times that of Hispanics. The
