Posted on March 9, 2008 by MoneyBob
Housing Foreclosures hit an all time high of 0.83% of all mortgages nationwide.
Over 5.8% of homeowners were behind in their mortgage payments, the largest number in more than two decades.
House prices lost a staggering 8.9% in 2007 - and they’re still dropping.
The supply of unsold houses rose to 4 million, or to over a [...]
Filed under: Alan Abelson, Aluminium, Credit Crunch, Economy, Foreclosure, Income, Real Estate, economics | Tagged: Commodities, CPI, Culture, economics, Family, Foreclosure, Foreclosures, History, Inflation, Information, Mortgage, Personal, Real Estate, Thoughts, Work | 4 Comments »
Posted on September 17, 2007 by MoneyBob
Salaries in the U.S. are the most unequal since 1928.
The median household income has been stagnant since the economic recovery began in 2001.
Adjusted for inflation, the wages of nonmanagement employees are 10% below their levels in the early 1970’s.
According to the Bureau of Labor Statistics, the average household income is now only slightly above where [...]
Filed under: Economy, Income, Inflation | No Comments »
Posted on August 24, 2007 by MoneyBob
With the recent passage of a federal minimum wage bill, the first national minimum wage increase in over a decade is imminent. This bill will provide a wage boost for 12.5 million workers. Under the legislation, the first step of the minimum wage increase—from $5.15 to $5.85—will go into effect on July 24, 2007, 60 [...]
Filed under: Better Yourself, Income, MoneyBob Postings | No Comments »
