All Articles Tagged "income"
Atlanta-Area Incomes Fell in 2009
(Atlanta Journal Constitution) — More proof of how painful it has been: Per capita income in metro Atlanta last year fell nearly three times as much as the U.S. average.
Government data released Monday shows income falling in most American metro areas in 2009, with Atlanta down 4.8 percent – a loss of nearly a dollar in each $20.
Nationally, personal income slid 1.8 percent in 2009, according to the report by the Bureau of Economic Analysis.
Personal income includes earnings of various kinds, including paychecks, rental income, dividends and interest, as well as payments from the government. So the loss of jobs alone often does not push an area’s income down.
Money Can Buy You Happiness
(TG Daily) — It seems your mother was completely wrong - money can buy you happiness, or at any rate satisfaction. But it doesn’t necessarily help you enjoy yourself. A (well-paid, one hopes) team of Gallup market researchers questioned more than 136,000 people in 132 countries and found that lifesatisfaction usually rises with income.
New Study Finds Racial Wealth Gap Quadrupled Since Mid-1980s
(Physorg) –The wealth gap between white and African-American families increased more than four times between 1984-2007, and middle-income white households now own far more wealth than high-income African Americans, according to an analysis released on Monday by the Institute on Assets and Social Policy (IASP) at Brandeis University.
Do Nice Gals Finish Last?
(NYTimes.com) — How strongly is pay linked to productivity? Conventional economic theory tells us that people earn more when they contribute more to society — competitive markets should reward intelligence, effort and innovation.
But many high earners seem disconnected from this idealized picture. Top banker bonuses soared even as bank profits tanked and public bailouts materialized. Over the last 30 years, the top 1 percent of American families seems to have increased its share of total income much faster than its share of productive contributions.
Income Falls, but G.E. Tops Forecasts
(NYTimes.com) –…G.E., a broad gauge of the industrial economy, reported net income of $1.87 billion in the quarter and earnings of 21 cents a share, compared with $2.7 billion and 26 cents in the quarter a year ago. Analysts polled by Thomson Reuters had expected income of $1.8 billion and earnings of 16 cents a share. Revenue declined 5 percent, to $36.6 billion.
