“”The GAO found that 706,000 of households headed by those aged 65 or older have outstanding student…”

October 01 Comments Off on “”The GAO found that 706,000 of households headed by those aged 65 or older have outstanding student…” Category: Feed, Tumblr

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“The GAO found that 706,000 of households headed by those aged 65 or older have outstanding student debts. That’s just 3 percent of all households, but the debt they hold has ballooned from $2.8 billion in 2005 to about $18.2 billion last year. Some 27 percent of those loans are in default.

If you’re among the 191,000 households that GAO estimates have defaulted, your Social Security benefits can be attached and seized.”

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It happens: Seniors with student debt – and smaller Social Security checks.

Pay attention. This is OUR future.

“”Around the world, across 142 countries, the proportion of employees who feel engaged at work is…”

October 01 Comments Off on “”Around the world, across 142 countries, the proportion of employees who feel engaged at work is…” Category: Feed, Tumblr

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“Around the world, across 142 countries, the proportion of employees who feel engaged at work is just 13 percent. For most of us, in short, work is a depleting, dispiriting experience, and in some obvious ways, it’s getting worse.

Demand for our time is increasingly exceeding our capacity — draining us of the energy we need to bring our skill and talent fully to life. Increased competitiveness and a leaner, post-recession work force add to the pressures. The rise of digital technology is perhaps the biggest influence, exposing us to an unprecedented flood of information and requests that we feel compelled to read and respond to at all hours of the day and night.”

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– Why You Hate Work.

“”If you’re at the bottom and the top keeps pulling away, you’re just further…”

September 30 Comments Off on “”If you’re at the bottom and the top keeps pulling away, you’re just further…” Category: Education, Feed, Tumblr

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“If you’re at the bottom and the top keeps pulling away, you’re just further behind.

[…]

Most families can’t compete. Incomes have barely budged for most Americans since 1980 after accounting for inflation. For the top 10 percent, IRS data show pay has jumped 80 percent after inflation. For the top 1 percent, it’s soared 177 percent.

The education divide has grown despite the multi-decade presence of Head Start, the federal program for nutrition and early childhood education. Most states rely primarily on a private pre-school system that can reinforce the wealth gap”

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– School spending by affluent is widening wealth gap.

“We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate…”

September 29 Comments Off on “We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate…” Category: Feed, Tumblr

“”We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate profits generated by the financial sector. Employment in the financial sector hovers around 5 percent of the American workforce, while they skim a third of all corporate profits off the top. They create nothing and add nothing, so in essence, a massive chunk of American profit is made up of handling fees.””

– The big “middle class” rip-off: How a short sale taught me rich people’s ethics.