Poverty has grown everywhere in the U.S. in recent years, but mostly in the suburbs. During the 2000s, it grew twice as fast in suburban areas as in cities, with more than 16 million poor people now living in the nation's suburbs -- more than in urban or rural areas.Volunteers sort donated food into barrels at the Manna Food Center in Gaithersburg in Montgomery County, Md. Poverty in the county, just outside of Washington, D.C., has grown by two-thirds since 2007.
Continue reading Poverty Severely Hits Suburban Areas in America.
The Obama administration notified Congress on Friday that it was taking steps to free up about $260 billion so that it can keep paying the nation's bills when a temporary suspension in the debt ceiling lapses this weekend.
Boomers lost a significant chunk of their retirement nest eggs in the recession, but it was members of Generation X who were really hit the hardest, according to a report released Thursday.
In a typical week, about 10 applicants will walk into a recruiting center in Bay Ridge, Brooklyn, hoping to enlist in the United States Army. Sergeant First Class Israel Herrera doesn't like to turn them away, but he often finds that six out of 10 simply don't measure up to military standards.
Federal health officials say they will propose Thursday to overhaul federally funded child care centers across the country, beefing up safety standards including background and fingerprint checks for employees and requiring states to better monitor the facilities.
When you hear things like "1.99 percent mortgage interest rate" or "no-cost refinancing," it can be tempting to rush out and sign up for a loan or refinance - but doing so could cost you big in the long run.
Congress was not told tea party groups were being inappropriately targeted by the Internal Revenue Service, even after acting agency Chief Steven Miller had been briefed on the matter.
The anemic economy has left millions of younger working Americans struggling to get ahead. The added millstone of student loan debt, which recently exceeded $1 trillion in total, is making it even harder for many of them, delaying purchases of things like homes, cars and other big-ticket items and acting as a drag on growth, economists said.
OVER her 22 years in Congress, Maxine Waters has likened bank executives to "gangsters," snarkily addressed them as "captains of the universe" and threatened to tax their companies "out of business."
In case you still thought millennials are opposed to working, it turns out the young generation tarnished as slackers has serious career aspirations.
US Treasury Secretary Jacob Lew said Tuesday that reducing the nation's deficit should not overshadow the need to boost economic growth and job creation.
A hospital in Livingston, N.J., charged $70,712 on average to implant a pacemaker, while a hospital in nearby Rahway, N.J., charged $101,945.
Around the world almost 300m 15- to 24-year-olds are not working. What has caused this epidemic of joblessness? And what can abate it?
Bank of America and insurer MBIA on Monday announced a $1.7 billion settlement deal resolving their dispute over mortgage securities that soured as the housing market collapsed.
Getting a summer job is a rite of passage for many young people. In addition to earning wages to help pay for tuition or make car payments, it's where many first-time employees learn the fundamentals of work -- showing up on time, teamwork, communicating effectively, managing workloads and more. But summer jobs can also be fun, giving teenagers an opportunity to bond and hang out with a group of people beyond their schools and neighborhoods.
The Massachusetts Institute of Technology is expanding a program for student entrepreneurs to include six teams from overseas that will come to the United States this summer to hone ideas for start-ups alongside collegians from the Cambridge school.
The U.S. Labor Department announced Friday morning that the economy has been steadily adding jobs, pushing the unemployment rate down to 7.5 percent from 7.6 percent. The improvement won't mean much to people without jobs, especially people who've been unemployed a long time.
The suicide rate among middle-aged Americans climbed a startling 28 percent in a decade, a period that included the recession and the mortgage crisis, the government reported Thursday.
President Barack Obama rounded out his second-term Cabinet on Thursday by nominating Penny Pritzker as his new Commerce secretary and Michael Froman to be the next U.S. trade representative.
Adam Crain reckoned he was due $125,000. That amount would come as compensation for losing his Oak Harbor, Wash., home to foreclosure while he was serving aboard a naval vessel in the Middle East. He calculated that sum using a table distributed by federal regulators as part of a $9.2 billion settlement with mortgage companies over a wave of improper foreclosures.
After a storm of complaints, the Obama administration on Tuesday unveiled simplified forms to apply for insurance under the president's new health care law. You won't have to lay bare your medical history but you will have to detail your finances.
The pace of home price increases continued to accelerate in February, according to a reading Tuesday that showed the biggest gain since near the height of the housing bubble.
The U.S. government paid out billions in unemployment benefits to people who were actually working, a new report finds, sparking concerns that a big share of the money meant for the jobless isn't going to the workers who are struggling the most.
WHEN the e-mail came out of the blue last summer, offering a shot as a programmer at a San Francisco start-up, Jade Dominguez, 26, was living off credit card debt in a rental in South Pasadena, Calif., while he taught himself programming. He had been an average student in high school and hadn't bothered with college, but someone, somewhere out there in the cloud, thought that he might be brilliant, or at least a diamond in the rough.
The Internal Revenue Service has recouped more than $5.5 billion under a series of programs that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, government investigators said Friday.
More than 40 percent of U.S. residents went without health insurance or had coverage that didn't protect them against high medical costs last year, survey results released Friday reveal.
When Chris Thomas, 25, started working at the Nike store in downtown Chicago in 2008, he made $10.15 an hour -- at least a few dollars short of what he'd need to move out of his parents' house in Oak Park, Ill.
The panel of senior U.S. regulators charged with safeguarding the financial system will warn this week about risks posed by the rapidly growing amount of student debt, increasing pressure on policymakers to deal with the potential problem.
Tax-free shopping on the Internet could be in jeopardy under a bill making its way through the Senate.
Global finance officials endorsed a new World Bank goal to end extreme global poverty by 2030 and emphasized that its focus should be on ensuring that the poorest benefit from strong growth and rising prosperity in developing nations.
The U.S. unemployment rate continues to tick down, hitting a more than four-year low of just 7.6% in March. In much of Europe, however, the situation is very different. If the latest developments in Cyprus are any indication, the economic and employment woes of Europe are nowhere near over.
The American economy has generated 30 straight months of job growth. But for millions of people looking for more work and greater income, that improvement provides little solace.
Federal prosecutors say 24 current and former Internal Revenue Service employees have been charged with stealing government benefits.
The middle class is feeling squeezed, and they have plenty of blame to throw around. Some are very quick to point the finger at the poor. In fact, they were more resentful of the poor than the rich, big business and government.
It's getting more expensive to visit ATMs outside of your bank's network.
Several labor unions say more than $400,000 in contributions by Wal-Mart Stores Inc. since 2010 helped bring about the creation of an unusual taxpayer-paid subsidy last month to help employers offset a higher minimum wage in New York.
The Federal Reserve's dual mandate demands stable prices and maximum employment. But if forced to choose, there's good reason to consider Bernanke's recent route the correct one.
Retired city worker Sheila Pugach lives in a modest home on a quiet street in Albuquerque, N.M., and drives an 18-year-old Subaru.
Federal Reserve Chairman Ben Bernanke said on Friday that despite improvements in the U.S. economy overall, the country's lower-income communities continue to face hard times.
The number of Americans seeking unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March's weak month of hiring may have been a temporary slowdown.
