As critics increase their attacks on bankers' paychecks — seen as excessive in light of today's market turmoil — several financial firms are planning new guidelines on pay and bonuses, The Financial Times reported.
WASHINGTON (AP) — Americans increased their spending more slowly in March, suggesting that some people were worried that their paychecks were not growing fast enough.
Democrats assume that voters will blame Republicans should working Americans see a sudden tax increase on their paychecks.
In a further sign that the sluggish economic recovery remains on track, consumers were a bit more upbeat early this month even as they paid more for gasoline and a tax increase reduced their paychecks, other data on Friday showed.
As unpaid student debt approaches $1.3 trillion, the federal watchdog's findings underscore the consequences of increased student debt burdens and the risk they'll wreak havoc on households in the coming years if U.S. workers continue to see little increase in their paychecks, the economy barely grows, and the Education Department's contractors keep borrowers in the dark on repayment options.
Clinton, May 18: We need to get back into the habit of actually rewarding workers with increases in their paychecks for the increases in productivity and profitability that they have helped to bring about.
Over the past six years, income-short consumers made up for the weak increases in their paychecks by extracting equity from the housing bubble through cut-rate borrowing that was subsidized by the credit bubble.
Americans are spending an increasing portion of their paychecks on rent.
"The minimum wage will raise people's hourly wage, and they'll see an increase in their paycheck.
"We're just glad that workers are going to see that six-cent increase in their paycheck," said Gebreselassie, whose group was among the appellants.
