Two-thirds of the nation's wealth is owned by the richest five percent of Americans, while at the same time more than 38 million Americans live in poverty. The rich getting richer and the poor getting poorer has been the story of economic inequality for the last 50 years, and COVID-19 appears set to continue the trend. I joined CBS Sunday Morning with a look at the downside, and what one business figure calls the upside, of income disparity.
Research shows money habits are set by the age of seven. I joined CBS This Morning to discuss the importance of teaching children to be financially literate, plus how and when to introduce them to different concepts surrounding money.
The coronavirus is leaving its mark on colleges and universities, perhaps permanently. With schools working hard to keep COVID-19 off-campus, 13% percent of colleges will offer online-only classes, while 35% will offer a mix of virtual and socially-distanced in-person classes. Here's my piece for CBS Sunday Morning on how educators and students are adjusting to an on-campus experience that will be, as one university professor describes it, “some combination of a monastery and a minimum security prison.”
A July jobs report that saw 1.8 million new jobs created and a lowering of the national unemployment rate comes amid negotiations in Washington over a second stimulus package. However, the pace of hiring appears to be slowing as more states slow down or roll back their re-openings. I joined CBS This Morning: Saturday to discuss what this all means, and what the numbers say about the future of the U.S. economy.
The economy added 1.8 million jobs in July, dropping the unemployment rate to 10.2%. I joined CBS This Morning to discuss the numbers and whether a second wave of layoffs is expected at small businesses.
More than 50 million people have applied for unemployment since the pandemic began, and nearly half of U.S. workers get their health insurance through work. One study found that an estimated 5.4 million American workers lost their health insurance in just three months. I joined CBS This Morning to discuss coverage alternatives and what Americans who lost their coverage can do.
Two key reports show the impact of the pandemic. I joined CBS This Morning to explain what the historic drop in GDP and rise in weekly unemployment claims mean for the country's economy.
The pandemic is putting estate planning into focus. I joined CBS This Morning to explain why having a will, health care proxy and power of attorney documents are so important right now.
Should college students consider taking a gap year if classes are online? I joined CBS This Morning to discuss, plus whether students should refinance their loans.
I joined CBS This Morning with some advice for last-minute tax filers.
The economy added another 4.8 million jobs in June, dropping the new unemployment rate to 11.1%. I joined CBS This Morning to discuss whether the data indicates the beginning of economic recovery.
The nation's pending home sales jumped a record 44.3% in May, according to the National Association of Realtors. It's the highest one-month gain in the history of the index, which began in January 2001. I joined CBS This Morning to explain how the pandemic is impacting the housing market and why home prices remain high despite record low mortgage rates.
More than 1.5 million Americans filed for unemployment last week. I joined CBS This Morning to discuss what the latest numbers mean and what soaring retail sales could indicate for an economic recovery.
More than 1.5 million Americans filed for unemployment last week, bringing the total jobless claims to over 44 million in the last 12 weeks. I joined CBS This Morning to explain why weekly job losses continue despite a big gain in May and why the Labor Department's own data is confusing.
The U.S. economy added 2.5 million jobs in May, stunning experts who anticipated losses on the scale of the Great Depression. I joined CBS This Morning: Saturday to discuss the new 13.3% unemployment rate and the outlook for Americans and the country as it recovers from the coronavirus pandemic.
In a surprising turn, the economy added 2.5 million jobs in May, dropping the new unemployment rate to 13.3%. I joined CBS This Morning to discuss the reasons behind the unexpected positive data.
More than 2.1 million Americans filed for unemployment last week, bringing the number of jobless claims to more than 40 million over the last 10 weeks. I joined CBS This Morning to discuss which industries are scrambling to hire some of those workers.
More than 38 million Americans filed for unemployment over the last nine weeks. I joined CBS This Morning to discuss what this means for overall unemployment and new projections about how long the financial fallout could last.
Nearly 3 million Americans filed new unemployment benefit claims last week, according to the Department of Labor on Thursday. That means more than 36 million workers have filed for unemployment benefits in the past eight weeks. I joined CBS This Morning to explain the significance of the numbers.
A record 20.5 million Americans lost jobs in April, according to an unemployment report released by the Labor Department Friday. The U.S. unemployment rate jumped to 14.7%, the worst since the Great Depression. I joined CBS This Morning: Saturday to unpack the staggering figure and discuss what it means for the future of the country.