Federal Reserve data show that just 14 percent of U.S. families own stock directly, and only 52 percent have a retirement account. It’s a highly skewed group: White households are far more likely to hold stock than black or Hispanic households, while the vast majority of stock holdings belong to the wealthiest 5 percent. Economists say […]
It’s the dream of many parents that their children will grow up to have more prosperous lives than they did. A new report from the World Bank finds that’s not happening in much of the developing world, where upward mobility has stalled for the past 30 years. Click the audio player above to hear the […]
Los Angeles’ homeless population grew by more than 20 percent last year, and three-fourths of that population lives outdoors.
The U.S. homeless population ticked up last year for the first time since 2010, led by a 26 percent percent surge in Los Angeles.
In Los Angeles, it can take 10 years to get a voucher — if you're lucky.
There's a marriage divide in the US that's leaving many working-class and poor kids "doubly disadvantaged," a researcher says.
Minority and lower-income residents are struggling to pay skyrocketing bills for a basic resource, says Patrick O'Connell of the Chicago Tribune.
"Human beings are not born to work for somebody else. Human beings are basically entrepreneurs," economist Muhammad Yunus told us.
And many don't have enough to cover basic needs for three months.