While our economy is supposedly expanding and consumers have more money in our pockets thanks to lower gas prices, new data from the U.S. Census Bureau shows that that we’re not spending that money in retail stores, online or in real life. If we’re not out hitting the malls, where’s all that money going? [More]
Independent contractors are nothing new — taxi drivers paying to use a medallion, barbers renting out chairs to cut hair, local artisans selling jewelry and apparel on consignment — but the boom in online platforms that give everyone immediate access to these services and products has resulted in an “on-demand” economy and workforce whose true size and scope is unknown. In an effort to get a more accurate picture on this issue, one U.S. senator is calling on federal officials to provide more relevant data. [More]
Like many people in their late 30s, I sigh whenever I see some superstar athlete, billionaire, or Oscar winner who was born way back in 1989, when I was but a pimply adolescent with dreams of being chauffeured around in a stretch Porsche limousine. Know what else is depressing about 1989? The median household income in the U.S. was higher than it was in 2012. [More]
If you were to subtract the cost of health care expenses from family incomes, an additional 10 million more Americans would be considered in poverty by official measures, the U.S. Census Bureau said this week in a new report. [More]
The latest Census Bureau results show that 17.45% of homes in Florida are vacant. That’s 1.558 million houses sitting there soaking up the sun. Florida’s housing bubble was one of the hottest and now their vacancy rate is the highest. [More]
Don’t panic if a stranger shows up at your door sometime in the next few months asking how many people live in your home. They work for the Census Bureau, not IDT, and they’re starting their decennial door-knocking party to figure out how big a slice of the federal government’s annual $300 billion pork pie your community deserves.