What would incomes be for today’s working families today if the U.S. economic picture were the same as it was in 1979? Harvard professor and former US Treasury secretary Larry Summers recently crunched the numbers for this idea in the Financial Times. Here are the results: Families that fall i...
What do Americans spend their money on these days? And how do budgets shift as we move up and down income levels? The graph below, which Planet Money produced using information from the Bureau of Labor Statistics, charts these spending activities. Average household expenditures for U.S. households ...
Every day, the media covers hundreds of  stories on jobs, income, unemployment and the U.S. economy. But what happens when we step back and ask a few bigger, simpler questions: What do Americans do for a living? And in what way has the employment landscape changed over the last 30 years? Planet Mo...
Our blog had posted a number of articles on household income and spending in the U.S., and have often analyzed data based on the familiar divisions of race, class, education, geography and social privilege.  But as a recent infographic on Planet Money points out, there's another, useful variable to...