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When Times Are Tough, Why Pay Down Debt?
Since the recession hit in late 2007, Americans have been paying down debt. U.S. households spent just 10.4 percent of disposable personal income on debt payments in the fourth quarter of 2012,...
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The Marketplace of Ideas
Here’s what’s happening in the online world of economics. The Rogoff-Reinhart spreadsheet debacle entered the realm of pop culture with 28-year-old grad student Thomas Herndon’s appearance on The...
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Watch AIER’s Straight-Shooting New Video
Want to know more about AIER? Watch our new video to learn about our mission to help people come out ahead in today’s tough economy. Then, if you’d like, after you’re done watching you can head on...
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Our Uneven Recovery
The recession hit a lot of Americans hard. But it didn’t affect all people equally. A new study from the Federal Reserve Bank of St. Louis reports that the worst-hit groups were families under 40,...
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Guest Post: The Economy’s “New Normal”
How long can we expect the economic recovery to last? Earlier this week, Bloomberg suggested that the expansion could continue for years. But AIER’s Polina Vlasenko says this prediction is founded on a...
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AIER’s Steven Cunningham in The Washington Post
Americans brought home fatter paychecks in May, and they celebrated by spending and saving more. AIER’s Director of Research Steven Cunningham talks with The Washington Post about what these gains can...
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Questions for Mike Konczal
Mike Konczal is a fellow with the Roosevelt Institute who blogs at the Next New Deal and writes a weekly column at The Washington Post’s Wonkblog. His work has appeared in publications including Salon,...
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What Do the Second Quarter GDP Numbers Mean?
The U.S. Department of Commerce released its third and final estimate for the country’s second quarter Gross Domestic Product (GDP) Thursday morning, setting it at an unrevised 2.5 percent growth rate....
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The Regulation Argument: Auto Loans Up, Credit Cards Down
Two recent articles from Quartz look at how lending and credit have changed since the 2007 recession and show how government regulation can impact (or not impact) American consumer economics. The...
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Larry Summers’s Turkey Hangover
A colleague lamented at the lunch table yesterday that he hates Thanksgiving because he tends to overeat. Who doesn’t? The overindulgence of Thanksgiving dinner is followed by the turkey...
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U.S. Manufacturing Activity Slows in January
The Institute for Supply Management (ISM) Report on Manufacturing Purchasing Manager Index declined sharply from 56.5 in December to 51.3 in January. While the index is still expanding, it registered...
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Marketplace of Ideas
Money Talks Illustration by Oliver Munday, The New Yorker GDP grew more than expected last quarter, jobless claims remain low, and one survey-based index says manufacturing activity hit a three-year...
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