The American Dream Is Alive and Well

Imagine you could wave a magic wand and double the incomes of the bottom 20 percent of Americans. Would you do it? I imagine your answer is yes. Now, suppose that in order to increase the incomes of people at the bottom by a factor of two, you had no […]


How the Virus Transformed the Way Americans Spend Their Money

The coronavirus has profoundly altered daily life in America, ushering in sweeping upheavals to the U.S. economy. Among the most immediate effects of the crisis? Radical changes to how people spend their money. In a matter of weeks, pillars of American industry essentially ground to a halt. Airplanes, restaurants and arenas […]


Good news on coronavirus makes it harder for Trump to hold the line

President Donald Trump urged Americans eight days ago to brace for the “toughest week” of the coronavirus pandemic — but for Trump himself, the week ahead may well be tougher. That’s because, even as the death toll keeps rising, so have signs that social distancing restrictions have begun tempering the crisis. Good news makes […]