Year in Review: Top Stories on Real Time Economics in 2015 – Real Time Economics

The decline in fuel costs over the past year returned gasoline prices to their rightful place: cheaper than a gallon of milk.
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From the state of the economy way back in January to December’s low, low gas prices, here are 10 posts on Real Time Economics that captured your attention this year.

10. A New Degree in Architecture, Computers or Health Is Worth More Than Decades of Job Experience

Freshly minted college graduates who majored in fields like architecture, business, computers, statistics, engineering and health can expect to start jobs where they earn more than high school graduates with decades of experience, said a report in February from Georgetown University‘s Center on Education and the Workforce.

9. The State of the Economy, in Eight Charts

When President Barack Obama delivered his annual State of the Union speech in January, the economy was as strong as it had been in years.

8. Q&A: What the $18 Trillion National Debt Means for the U.S. Economy

Back in February, the U.S. national debt had recently topped $18 trillion, and economics reporters Nick Timiraos and Josh Zumbrun answered your questions about the deficit and debt outlook—with charts.

7. The Most Expensive Place in the World to Live

In September,  New York City took the top spot in the annual ranking of the world’s most expensive cities, according to an analysis by UBS. The cost of goods and services was higher in just two other cities—Zurich and Geneva—but they were less expensive than New York after including rent.

6. How Rich and Poor Spend (and Earn) Their Money

For many Americans, the rise in food and housing prices is a tough squeeze. That’s because—even in an era with low overall inflation—low-income Americans spend a disproportionate share of their money on food and housing. In April, new data from the Labor Department showed the extent of the discrepancy.

5. What Happens If Greece Defaults on Its Payment to the IMF?

In June, Greece faced a deadline to pay the International Monetary Fund $1.7 billion that it ultimately missed. We outlined what was at risk.

4. The Most Affordable Place in the U.S. to Raise a Family

A family of four can meet its basic needs for $49,114 a year in Morristown, Tenn.—about half the income needed to raise a family in New York or Washington, according to the Economic Policy Institute’s family budget calculator released in August.

3. The Gender Pay Gap Widens as Men’s Earnings Grow Twice as Fast as Women’s

The gender pay gap widened again because men’s earnings were growing this year at twice the rate of women’s. The median weekly earnings for full-time male workers was $889 in the third quarter, the Labor Department said in October.

2. What We Know About the 92 Million Americans Who Aren’t in the Labor Force

This sounds like a shocking statistic: 92 million Americans don’t work but also aren’t considered unemployed by the Labor Department. What are these 92 million Americans doing? Actually, we do have some idea, which we detailed in October.

1. Gas Is So Cheap You Could Drink It (But Don’t)

The decline in fuel costs over the past year returned gasoline prices to their rightful place, we said in December: cheaper than a gallon of milk. You drank it up.

Related reading:

Year in Review: No Breakout for Economy, but Jobs, Earnings Grew

 


 


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28 December 2015 | 3:45 pm – Source: blogs.wsj.com

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