Great Recession

5:30am

Thu April 25, 2013
Business Report

FDIC Goes Underground To Shore Up Insurance Fund

Drilling operation in Weld County
EcoFlight ecoflight.org

The Federal Deposit Insurance Corporation (FDIC) has launched a new national program to retain mineral rights on lands it has taken back as a result of foreclosures and bank failures.

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12:05pm

Tue April 23, 2013
The Two-Way

Pew: Wealthiest Experience Big Boost In Post-Recession Worth

Originally published on Tue April 23, 2013 3:40 pm

Falling home prices from 2009-2011 contributed to the disparity.
Kevork Djansezian Getty Images

Some 93 percent of Americans saw their mean net worth fall in the first two years of the post-recession recovery, while the remaining 7 percent increased net worth by nearly a third, according to a new Pew Research Center analysis of Census Bureau data.

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1:26am

Tue March 26, 2013
Around the Nation

'American Winter' Families Struggle To Survive Fall From Middle Class

Originally published on Tue March 26, 2013 7:57 am

Pam Thatcher and her family ultimately moved into her mother's two-bedroom apartment because they couldn't make rent.
Courtesy Devon Terrilll Viewfilm productions/HBO

It's a visual no parent wants to picture: a child describing what it's like to live in a house with no power for lights, heat or cooking. For many middle-class American parents, it's hard to imagine their family ever facing a situation like that. But a new HBO documentary suggests that many seemingly prosperous parents are only a few misfortunes away from dark houses and empty refrigerators.

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1:32pm

Thu March 7, 2013
Planet Money

The Scariest Jobs Chart Ever Isn't Scary Enough

Originally published on Fri March 8, 2013 10:18 am

Calculated Risk

One of the defining graphs of our time (yes, there are defining graphs of our time) comes from the blog Calculated Risk. It tracks the job market in every U.S. recession and recovery since WWII — and it shows just how brutal the the past few years have been.

Business Insider calls this the Scariest Jobs Chart Ever. But the Scariest Jobs Chart Ever isn't quite scary enough.

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3:18am

Tue March 5, 2013
Your Money

For Baby Boomers, Lessons In Financial Basics

Originally published on Mon April 1, 2013 11:54 am

iStockphoto.com

The oldest of the baby boomers came of age in the 1960s and are beginning to retire. Their younger cohorts are still putting kids through college and building careers. Baby boomers are a giant portion of the population — 78 million people, by one estimate.

They grew up in an era of rising living standards, but the Great Recession destroyed any sense of financial security — and many nest eggs. Financial planner Tim Maurer outlines a variety of issues boomers face.

Who is a baby boomer, and what defines their financial situations?

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