by Elena Popina | May 24, 2013 | Economy
Latoya Stevens of Laredo, Texas, in the third poorest congressional district in the country, is a single mother who works as part-time sales assistant. The only reason her daughters have food on the table is because they receive food stamps, $400 a month. Even so,...
by Elena Popina | Apr 28, 2013 | Economy
Don’t look at the personal income report that comes out Monday if you hope to find good news. Personal income probably increased modestly in March, economists surveyed by Bloomberg estimate, and consumer spending remained flat. The economists expect personal income to...
by Elena Popina | Mar 29, 2013 | Economy
Personal income and consumer spending increased in February by more than economists expected, adding to consumers’ confidence that wavered in the recent months amid tax hikes and automatic spending cuts. Personal income increased $143.2 billion, or 1.1 percent, almost...
by Elena Popina | Mar 22, 2013 | Economy
Rachel Rochelle, 24, checks her mail twice a day, waiting for her tax refund. She is expecting just over $2,000 from Uncle Sam, and she knows exactly what she’s going to do with it. She is going to put it into her savings account. “I prefer to have a solid sum of...
by Elena Popina | Mar 1, 2013 | Economy
Personal Income Makes Biggest Drop in 20 Years Americans’ income dropped significantly in January, marking the deepest monthly decline in 20 years. But the sharp drop was apparently caused by one-time factors. For most families, income was not quite so volatile. They...