Author: Jon Jones

To achieve success and stability upon entering the workforce, having a basic understanding of the financial system is crucial. However, many Americans are not receiving the fundamentals of financial education, and a surprising number of young adults already have debt in collections. Moreover, the economic shutdown caused by the COVID-19 pandemic quickly revealed that many

Americans’ relationship to work has changed dramatically in the three years since the COVID-19 pandemic began. The transition to remote and hybrid work arrangements has become commonplace throughout corporate America. The Great Resignation saw millions of people switch jobs and career paths in search of better pay or working conditions. And many Americans left the

The COVID-19 pandemic dramatically shifted the economic landscape in the United States, and the effects are still lingering. These repercussions have been felt around the world, and their effects have altered local economies as well. In areas where remote work increased, considerations around transit, zoning laws, taxes, and broadband internet have taken center stage. In

After major breakthroughs in the field of artificial intelligence in recent years, AI is quickly becoming an everyday presence in people’s lives. The release of generative AI tools like ChatGPT, DALL-E 2, and Stable Diffusion in 2022 captured public attention and demonstrated AI’s potential in intuitive ways. In response, tech giants like Microsoft, Alphabet, and

Despite widespread expectations of a recession in 2023, the U.S. labor market has continued to show signs of strength. The unemployment rate in the U.S. is at its lowest level in more than half a century, and the economy has added jobs every month since December 2020. Despite this, job openings remain higher than pre-pandemic

As the U.S. has navigated the impact of inflation over the past two years, America’s senior population has been particularly affected. With most seniors out of the workforce and living on fixed incomes or retirement savings, rapidly rising cost of living has put a financial strain on older households. Beyond inflation, however, seniors need more

While recent economic trends have encouraged companies to relax degree requirements as a way to attract more workers, for the last several decades higher education has been tightly coupled with economic opportunity in the U.S. Unemployment rates tend to be lower for people with greater educational attainment, and wages tend to be higher. According to

The COVID-19 pandemic and resulting economic crisis caused unprecedented financial strain throughout the U.S., prompting the government to offer economic relief packages at every level, from stimulus checks for personal use to local fiscal recovery funds at the state level. But the Paycheck Protection Program (PPP) is one of the most memorable. To help businesses

Getting a job as a teenager is a rite of passage for some, and a necessity for others. Whatever the reason for employment, a first job is a memorable and often harsh introduction to responsibility, financial independence, and hard lessons—like giving the government a substantial cut of a hard-earned paycheck. However, once the norm, holding

The last few years have starkly shown how interconnected the world has become. The COVID-19 virus spread across borders and regions with ease, disrupting communities and economies across the globe. One of COVID’s biggest ripple effects was the impact on global supply chains. Suppliers worldwide operated through much of 2020 and 2021 at lower capacity

After decades of declining power and influence, organized labor in the U.S. is making a comeback. The COVID-19 pandemic has set off a number of shifts in the labor market that have given workers more power. Labor participation rates fell sharply early in the pandemic and still have not recovered to pre-pandemic levels. The Great

Understanding the complexities of the U.S. tax code can be a challenge for any taxpayer to navigate alone, but major shifts at the federal level in recent years have made the tax landscape even more uncertain. Under the Trump Administration and a Republican Congress, the Tax Cuts and Jobs Act of 2017 made major changes

The COVID-19 pandemic brought a number of abrupt changes to the U.S. economy, but some of the most lasting impacts could be in the future of work. From the rise of hybrid and remote work to the Great Resignation to “quiet quitting,” workers have been renegotiating how they work and what they look for in

Entrepreneurship is one of the most powerful forces in the U.S. economy. The Small Business Administration classifies 13% of all establishments as startups and estimates that there are a total of 31.7 million small businesses in the U.S. Economic experts, policymakers, and business leaders all tout these new and developing enterprises as essential for job

In the last few years, policymakers, experts, and the public at large have paid more attention than ever to disparities faced by America’s racial and ethnic minorities. And some of the starkest gaps minorities face are in the realm of economic opportunity. White workers earn significantly more than members of other racial and ethnic groups,

The COVID-19 pandemic provided an unexpected financial boost to many in the U.S., but with the economy potentially facing a recession, households and businesses could have challenging months and years ahead. And after years of encouraging downward trends, this could mean that bankruptcies in the U.S. will once again be in focus. The pandemic’s impact

2022 has brought some of the most noteworthy victories for organized labor in the U.S. in a number of years. Workers at major corporations like Starbucks, Amazon, and Apple have led successful union drives. Petitions for union elections filed at the National Labor Relations Board are up by more than 50% over last year. And

With numerous economic experts predicting that the U.S. is headed toward recession, one of the many concerning signals is a sharp decline in labor productivity. After more than a decade of below-average productivity growth, the COVID-19 pandemic raised the prospect of a productivity boom. Many low-productivity jobs were eliminated early in the pandemic, while major

On the surface, the economy of the last two years has been extremely favorable to workers. After spiking to nearly 15% early in the COVID-19 pandemic, the unemployment rate today sits around 3.6%. Despite employers’ urgency to hire, labor force participation has been slower to recover, and the “Great Resignation” has workers quitting at historic

Small businesses are the heart of the U.S. economy. Small businesses represent 99.9% of all businesses in the U.S., collectively employing nearly half of all U.S. employees and generating nearly half of U.S. annual GDP, according to data from the U.S. Small Business Administration. But the past two years have been treacherous for many small

Entrepreneurs, economic experts, public officials, and many more tout the benefits of innovation in the modern economy. Innovation can drive economic growth by creating new jobs or industries, improving efficiency and productivity, and raising quality of life. Some economists have calculated that innovation contributes approximately 50% of annual U.S. GDP growth. Jobs in STEM (science,

Amid rising inflation, consumers nationwide are now facing increased prices for a wide variety of goods. The COVID-19 pandemic disrupted global supply chains at the same time that many households had more to spend from government stimulus funds, increased savings, and rising incomes. The economy is now seeing the effects, with significantly higher prices for

Following months of rapid inflation, the U.S. Federal Reserve recently announced its first federal funds rate increases in more than three years. Federal Reserve Chair Jerome Powell followed this action with remarks several days later signaling that more rate increases are in store for 2022. The Federal Reserve’s recent moves were noteworthy because the U.S.

As the American population becomes more diverse, so does the population of school-aged children. However, teacher diversity is not keeping up, and the diversity gap between students and teachers continues to widen. According to 2020 data from the U.S. Census Bureau, 51% of students are not white. In comparison, non-white teachers account for less than

America’s population of racial and ethnic minorities is growing faster than ever, poising nonwhite Americans to be an increasingly large force in the U.S. economy. The results of the most recent decennial Census released last year showed divergent population trends for America’s white and nonwhite populations. While white Americans still represent a majority of the

While the COVID-19 pandemic has undoubtedly exacerbated stressful work conditions for frontline and essential workers, workers in a wide range of other occupations must also contend with stress at work on a regular basis. According to data from the Bureau of Labor Statistics and the Occupational Information Network (O*NET), nearly 8% of U.S. workers are

The COVID-19 pandemic has caused Americans to reassess their living arrangements, work situations, how they travel, and how they spend their free time. It has also impacted how they manage at home when faced with a COVID-19 infection or exposure in order to keep others safe. The Centers for Disease Control (CDC) recommends that people

More than a year and a half into the COVID-19 pandemic, one of the most noteworthy economic stories has been what economic commentators have termed “The Great Resignation.” Recent data from the U.S. Bureau of Labor Statistics found that 4.3 million Americans quit their jobs in August 2021, representing approximately 2.9% of the total workforce.

The COVID-19 pandemic has dramatically reshaped the U.S. labor market in many ways. Many low-wage jobs in fields like retail and hospitality were lost early in the pandemic and have not come back, while throughout the pandemic, there has been strong demand for health workers in response to the pandemic and technology specialists who can