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Alex Henderson – 10 Economic Woes Generation X Faces

You hear a lot about millennials being in a tight spot financially, but less about the generation sandwiched between them and the baby boomers: Generation X. The oldest Gen-Xers were born in the mid-1960s and are now in their early 50s; many other Xers are well into their 40s, and they’ve suffered the brunt of several economic downturns. Gen-X, which …

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Richard Eskow – What’s Killing the American Middle Class?

A new study by the Pew Research Center spurred a rash of headlines last week about “the dying middle class.” But the word “dying” might be more appropriate if we were watching the regrettable but inevitable effects of natural forces at work. We’re not. We’re seeing the fruits of deliberate action – and sometimes of deliberate inaction – at the …

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Revealed: the 30-year economic betrayal dragging down Generation Y’s income

The full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world. A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, …

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Sanders is Right. The Childcare System in the US is a Disaster

One presidential hopeful’s assessment is that the child care system in the U.S. is disastrous. And based on the findings of a new survey, many working parents in the U.S. have reason to agree. The Pew Research Center report, which surveyed over 1,800 parents of kids under 18, offered a reflection of the widening inequality gripping the country. It found, …

free market

Discredited Ideas: Free Market Theory is at Odds with Reality

Despite the practical failures of free-market economics, too many mainstream economists have continued to embrace simplistic ideas about how the economy works. Such ideas are often rooted more in ideology than in evidence. These beliefs and the policies that follow led directly to the 2008 financial crisis and the Great Recession. They also centrally contributed to the nation’s subpar performance …