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100 years ago, a boom and bust fed by hope and greed

Jun 13, 2013
Railroads lured homesteaders to Montana with ads that made the dry plains look like lush English countryside. Banks offered easy money, the settlers loaded up with loans -- and drought set in.
Posted In: montana, housing market

Real estate boom and bust in 1910 and 2000: A comparison

Jun 13, 2013
Check out our side-by-side comparison of these two booms and busts nearly a hundred years apart... make your own comparisons.
Posted In: montana, housing market, housing crisis

Consumed: The #longreads reading list

Jun 12, 2013
Didn't get enough of our coverage of the consumer economy? Here's a list of books and articles our reporters and producers went to to get answers about how and why we spend.
Posted In: longreads, Books

What's the dumbest investment you've ever made?

The consumer economy isn't just about buying more and more stuff -- there's a flipside.

The more we spend, the less we have to save. That can make planning for the future -- keeping our lifestyle sustainable, in other words -- incredibly difficult.

We want to know: What's the dumbest investment you've ever made -- the one you've regretted the most?

Tell us by tweeting @MarketplaceAPM, posting on our Facebook page or leaving a comment below


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Jun 12, 2013

By the Numbers: Consumed Day 3

8 million

The number of people working part-time jobs in the U.S. who'd like to be employed full-time. (BLS)

$15,473

Median total debt of households with head of household under 35. That's down from $21,912 in 2007. (Pew)

$7.25

The hourly federal minimum wage, as of July 2009. (Dept. of Labor)

42%

Share of 25 year olds with student debt as of quarter 4, 2012. In Q4 of 2007, that figure was just 31%. (NY Fed)

19.2%

The share of U.S. workers who are working part-time. When the recession began, that figure was 16.9 percent. It rose sharply in 2008 and 2009, and hasn't fallen much since then. (Economix)


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Jun 12, 2013

For millennials, a patchwork quilt of part-time jobs will have to do

Jun 12, 2013
People in their 20s are often stuck in part-time and temporary jobs. The loss of income in their first working years could affect them much of their lives.
Posted In: Jobs, graduate debt, millennials, Unemployment

How a part-time economy impacts consumers

Jun 12, 2013
To cut corners and increase profits, businesses are increasingly hiring more part-time or temporary workers. But that plan may backfire, when those workers become consumers who don't want to spend.
Posted In: part-time jobs, Jobs, temporary staffing

A part-time career alters life's expectations

Jun 12, 2013
Our economy creates a growing number of part-time and temporary jobs. That means more insecure workers -- and consumers -- who can't plan for the future.
Posted In: part-time jobs, adjunct professor, temporary staffing

By the Numbers: Consumed Day 2

383 million

The number of open credit card accounts in the U.S. as of March 2013 (NY Fed

$770

The average price of a designer shoe at Barney's in March, 2012. WAYYY back in the early 2000s, as referenced in Season 4 of Sex and the City, the price of pair of Manolo Blahnik's was $485. (Jezebel)

118.7 %

Debt as a share of disposable income in 2011. In 1956, that number was just 22 percent. (State of Working America)

$1,737.6 billion

Corporate profits after tax, in dollars, in the first quarter of 2013. (St. Louis Fed)

4,000 %

The amount General Electric stock went up during the tenure of CEO Jack Welch. (CBS News) Welch's 1981 speech titled 'Growing fast in a slow-growth economy' is often agreed on as the dawn of corporate focus on shareholder value. In 2009, with a few more years under his belt, he later refered to this focus on quarterly profits and share price gains as "the dumbest idea in the world." (Businessweek)

9.6 million

Average CEO pay in 2011 -- up 6 percent from the previous year. (by

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Jun 11, 2013

Tell us: You know you have a good job when...

A whole lot of the American economy depends on consumers.

We hear over and over, consumers need to borrow more and spend more to help the economy recover, but many of the jobs being created today are part-time or temporary. When jobs become insecure, our spending is affected.

So we want you to fill in the blank: You know you have a good job when _____.

Tweet us @MarketplaceAPM, post on our Facebook page, or tell us in the comments below.


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Jun 11, 2013

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