The relationship between marriage and income: Jason Deparle captions: While the decline of two-parent families is most striking in the bottom quarter, that is a familiar story and had largely occurred by 1990. Much of the recent growth has occurred...
By Bill Easterly, who captions: Despite the recent troubles, the US economy has shown consistent, resilient growth for nearly a century and a half. If we take the long view, the US is not in decline at all. Read Post
Why did GDP decline? Simple, because of a massive decline in military spending that's associated with war drawdown (not sequester/budget cuts). Here's the chart that shows that this quarter's military spending collapsed in a way tha... Read Post
The majority of Americans make more money than their parents: A big caveat: Despite making more money than their parents, the bottom three income quintiles have all amassed less wealth. Only the top two income quintiles have done be... Read Post