Tag: poorer

Government knew repayment demands left carers poorer

The Department for Work and Pensions has known since 2021 that overpayment of Carer’s Allowance has left some people in financial difficulty. A report about the experiences of people who receive the benefit – which the government has previously refused to publish – has just been released. There has been growing controversy over the clawback […]

Young Canadians Feel Poorer in Warning Sign for Economy, Trudeau

(Bloomberg) — Canadians are feeling gloomy about their personal finances — and Generation Z is the gloomiest of all. Most Read from Bloomberg The Nanos Pocketbook Index, a measure of how people perceive their personal finances and job security, fell to 50 last week, matching its April 2020 low. It’s one component of the broader […]

Poorer nations seeing slow development after Covid says UN report

Poorer nations are seeing conditions deteriorating as they bounce back slower from the Covid-19 pandemic, according to a report from the United Nations Development Programme. Agency head Achim Steiner said that after two decades during which rich and poor countries were coming closer in terms of development, the finding is “a very strong warning signal” […]

‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Slams The Federal Reserve As A ‘Criminal Organization’ That Has Destroyed The Economy And ‘Made The Poor And Middle Class Poorer’ — ‘The Fed Is The Problem’

In a statement shared on social media, “Rich Dad Poor Dad” author Robert Kiyosaki voiced his critique of the Federal Reserve, labeling it a “criminal organization” responsible for economic disparities and favoritism toward the banking sector. Kiyosaki, known for his forthright views on financial education and investment strategies, expressed his frustration over the state of […]

US factory boom disproportionately favors poorer counties, study shows

By Timothy Aeppel (Reuters) – A surge of factory building fueled by Biden administration investments in “strategic sectors” such as clean energy and semiconductors has so far flowed disproportionately to U.S. counties with relatively distressed economies and notably has not tracked “Democratic geography.” Since 2021, a group of counties with relatively low employment rates for […]