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Less than 20% of apartments are affordable for middle-income black renters

“In some cities, like San Francisco, black renters on average had to spend nearly 75% of their income on rent” writes Jacob Passy for marketwatch.com. Even in the most affordable rental market in Zillow’s analysis, the typical rent charged to a black resident required 29.9% of their median income.Black renters in New York could only afford 3.4% of rentals if they earned the median household income and wanted to keep housing costs below 30% of their pretax income.If black renters making the national median household income for their demographic spent…

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News Oil Regulators 

Higher gas prices doesn’t hurt the U.S. economy as much anymore, the Fed says

“When oil prices soared earlier in the decade, higher gas prices hurt the economy far less than expected” writes Jeffry Bartash for marketwatch.com. Higher oil and gasoline prices just don’t hurt the U.S. economy like they used to anymore.Expanding U.S. oil production has contributed to the glut and that could help keep prices from high as OPEC seeks.While higher prices at the gas pump slam consumers, the economy has benefited from all the new jobs, new businesses and tax revenues generated by a surge in domestic drilling for oil and…

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The wage gap starts at home: Boys are paid more than girls for household chores

“But many parents are inadvertently perpetuating the wage gap for children when they set rates for these seemingly trivial household jobs” writes Kari Paul for marketwatch.com. She soon found that her daughters preferred jobs indoors. “The chores the girls complained about the most were the outdoor ones, such as emptying the trash, compost and recycling, and mowing the lawn. Source: marketwatch.com Share This:

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Stopping spread of cholera at local level could reduce disease on global scale

“Stopping cholera spreading between members of the same household could be key to reducing the number of cases of the disease worldwide” writes Ron Prosor for telegraph.co.uk. A large-scale genomic study looking at how samples of cholera are related to each other found that nearly 80 per cent of infections were related to the first case of the disease entering the household, rather than to other strains of the disease circulating in the same area.The number of cases of cholera around the world are on the rise, with an estimated…

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Here’s how American spending habits have changed over the last few decades

“Real median household income bottomed in 2012, and then debt followed in 2013” writes Jeff Desjardins for businessinsider.com. Mortgage debt, which makes up the vast majority of consumer debt, is still actually down from its 2008 peak by 4%.Mortgage debt, credit debt, and other non-housing debt have not yet crawled back to pre-crisis peaks.While consumer debt is similar in terms of total size from a decade ago, the composition has changed considerably.As usual, the 294-slide deck is a treasure trove of the the latest data on technology and internet trends. Source: businessinsider.com Share…

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Jobs boom boosts household finances, but rising bills may bite, banks warn

“A tentative economic rebound could be under way as Britain’s families are increasingly upbeat about their finances due to the strong jobs market and sliding inflation” writes Tim Wallace for telegraph.co.uk. Households’ renewed confidence means they are increasing their spending more quickly than at any point in just over three years, IHS Markit’s household finance index shows.Workers believe their jobs are more secure, with confidence in employment at its highest in the study’s nine-year history. Source: telegraph.co.uk Share This:

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£878million in council tax not collected by English local authorities

“Uncollected council tax has soared by nearly a quarter over the past eight years despite councils complaining about cuts to their budgets, The Telegraph can disclose” writes Chief Political Correspondent for telegraph.co.uk. In all, there is now £2.8billion of council arrears – which works out at £118 per household in England, up by 20 per cent from £96 per home in eight years.Uncollected council tax is twice as bad in Labour controlled councils, with average arrears of £156 per household in Labour areas, compared with £71 per household in Tory…

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Seattle taxes ranked most unfair in Washington — a state among the harshest on the poor nationwide

“But why are taxes in Seattle harder on the poor than taxes in other areas of the state?” writes Gene Balk for seattletimes.com. It’s creating more income inequality.” The EOI was a prominent advocate for the Seattle income tax on high earners which former Mayor Ed Murray signed into law last July.In the report’s methodology, it is assumed that the Seattle household making $25,000 rents a one-bedroom apartment for about $1,390 a month.A new report finds that even in Washington — a state whose tax system has been called the nation’s most…

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U.S. trade war fears ripple through China’s ‘workshop of the world’

“The region has been dubbed the “workshop of the world” and accounts for around a quarter of China’s exports” reports businessinsider.com. DONGGUAN, China (Reuters) – Allan Chau, the general manager of a Chinese factory making precision metal parts for U.S. customers, is still calling it a “proposed” trade war, but that hasn’t stopped him from planning for the worst.”Before, we didn’t think we’re affected because we’re doing little metallic parts,” said Chau at his three-storey beige-colored-plant in Dongguan. “(Now), everybody is talking about this proposed war.”.  Source: businessinsider.com Share This:

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