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GAO Report, Older Households: Comparison of Income, Wealth, and Survival in the United States with Selected Countries
"In recent decades, income and wealth disparities have been increasing among older Americans and exceed those in Canada, Germany, and the United Kingdom. We found: In 2007, older Americans in a typical low-income household needed to work 12 years to equal what a typical high-income older household earned in 1 year; there were similar gaps in Germany, where they'd need to work 6 years, and 10 years in the U.K. Higher income and wealth were associated with living longer in the U.S. and the U.K. for those under 80 years old." more »
Ferida Wolff's Backyard: Dandelion Landing
Ferida Wolff Writes: "It was a pleasant afternoon, sunny but not too hot. Just right for being out back on the patio reading a book. But then something took my attention away from what I was reading, a puffy seed flipping over my legs. I reached out for it but it slipped off my palm and hurried off. Then I noticed other seeds frolicking over the lawn, all determined to be on their way." more »
Ferida Wolff's Backyard: Butterfly on a Sunflower; A Popular Choice of the English Subjects Placing Tributes to Queen Elizabeth
Ferida Wolff writes: "Taking a walk in a local nature center on a hot day. It was pleasant walking along the dirt paths in the cool shade of the trees on another 90-degree day. Each step brought something else to observe. The birds were out in numbers, chirping and flitting from tree to tree...There were still some flowers blooming which added color to the scene... Natalie Prince, a Windsor florist, said she had sold 8,000 sunflowers by Saturday afternoon. “She was a ray of sunshine to so many people,” said Ms. Prince, 35. “She was our sort of ray of hope.”
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Bringing Inflation Down: Federal Reserve Vice Chair Lael Brainard At the Clearing House and Bank Policy Institute 2022 Annual Conference
"While the moderation in monthly inflation is welcome, it will be necessary to see several months of low monthly inflation readings to be confident that inflation is moving back down to 2 percent. How long it takes to move inflation back down to 2 percent will depend on a combination of continued easing in supply constraints, slower demand growth, and lower markups, against the backdrop of anchored expectations. With regard to supply constraints, a variety of indicators are showing signs of improvement on delivery times and supplies of some goods. In addition, labor force participation showed a welcome increase in the August employment data, particularly in the boost in participation among women in the core working years of 25 to 54 years of age." ' more »