Shortcut Navigation:

AFL-CIO Now

RSS Economy Blog Posts

How Much Does Our Failing Child Care System Cost You?

In the United States, our child care system is failing and this has hidden costs for working families. The typical annual cost for child care for a family with two children (an infant and a four-year-old) is nearly $18,000. That averages to about 30% of the typical working family's paycheck. This cost is so high that many can't afford it and leave the workforce altogether, with 75% of mothers and 50% of fathers in a recent poll saying they either left the workforce or switched to a less-demanding job.

Read more and comment »

Social Security and Medicare Trustees' Reports Deliver Reassuring News

Photo courtesy Wikimedia Commons

AFL-CIO President Richard Trumka issued the following statement in response to the release of the 2016 Social Security and Medicare Trustees' Reports (after the jump):

Read more and comment »

John Oliver Takes a Closer Look at Retirement Plans

Have you ever wondered about the ways Americans plan and save for retirement and why the whole process seems so complex? John Oliver has and he explains why saving for retirement means navigating a potential minefield of high fees and bad advice.

Read more and comment »

Saddled with Student Debt? Blame Your State Legislature

Saddled with Student Debt? Blame Your State Legislature

A report out from the Center on Budget and Policy Priorities details the drastic cuts made to state public higher education budgets since the start of the Great Recession in 2008.

Read more and comment »

The Economy Adds 38,000 Jobs in May, and Unemployment Dips To 4.7%

The Economy Adds 38,000 Jobs in May, and Unemployment Dips To 4.7%

The U.S. economy added 38,000 jobs in May and unemployment fell to 4.7%, down from 5.0% in April, according to figures released this morning by the U.S. Bureau of Labor Statistics. 

Read more and comment »

Here’s How You Can Help Prevent Student Loan Default!

Here’s How You Can Help Prevent Student Loan Default!

You might be able to drastically lower your student loan payments to as little as $0 a month.

No, really.

Read more and comment »

More Evidence on Why Inequality Matters

Photo courtesy Wikimedia Commons

The evidence has mounted, and is clearly accepted, that extreme income inequality has grown in the United States over the past 40 years—and by extreme income inequality, I mean a huge imbalance in income growth favoring the top 1% of the population. This is extreme because it is large enough and sufficiently imbalanced growth that it must force a rethinking of economic policies.

Read more and comment »

New Report Shows the Middle Class Is Shrinking Across the Country

New Report Shows the Middle Class Is Shrinking Across the Country

The shrinking of the middle class in the United States is something that you hear pundits talk about frequently. A new report from the Pew Research Center shows that problem is not just a real one, but one that is widely distributed across the country and is hurting not just the Rust Belt, Appalachia and the Deep South, but also hits nearly every metropolitan area in the country. Most importantly, the study shows that the rise of inequality is one of the key effects of the shrinking middle class.

Read more and comment »

The Economy Adds 160,000 Jobs in April, and Unemployment Is Unchanged at 5.0%

The Economy Adds 160,000 Jobs in April, and Unemployment Is Unchanged at 5.0%

The U.S. economy added 160,000 jobs in April and unemployment was 5.0%, unchanged from March, according to figures released this morning by the U.S. Bureau of Labor Statistics. This continues the record string of months with job growth.

Read more and comment »

Taking the Student Debt Challenge

Taking the Student Debt Challenge

Repaying your student loans can be a serious challenge. In fact, around 20% of federal direct student loan borrowers in repayment are at risk of defaulting or are already in default. There are lots of options out there to make repaying easier, but they can be confusing and hard to find. Not to mention the student debt help scams out there.

Read more and comment »

Online Community

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO


Msg & data rates may apply. Text STOP to 235246 to stop receiving messages. Text HELP to 235246 for more information.

Blogs

Join Us Online