Our colleague Mark Memmot explains the context around Mitt Romney's comment that 47 percent of Americans pay no income tax. Here's a closer look at the numbers. As of the latest accounting, it's actually just over 46 percent of Americans that pay no federal income taxes, according to the Tax Policy Center (PDF).
We know. A post about the weekend on a Monday - but it's a very interesting post about the weekend, and what Americans actually do during those "days of rest." Check out the latest from the Planet Money team via the link.
It's been four years since the U.S. launched a massive bailout of the financial system and the auto industry. While much of the bailout money has been paid back, the government still owns large shares in companies such as AIG and GM, and has yet to recoup some $200 billion in bailouts.
Update, 8:52 a.m.: The number of non-farm jobs in the U.S. increased by 96,000 in August, according to the jobs report. Three years into the recovery, the U.S. jobs picture is still bleak. There are 4.7 million fewer jobs today than there were in January 2008, the month when employment peaked.
Here's how the average American with a full-time job spends a typical workday: Here's a more detailed breakdown of two of the categories listed above: Notes: The figures come from the American Time Use Survey, which is conducted by the Bureau of Labor Statistics. The numbers are, of course, averages.
So I was looking through an old Census report and I found a chapter entitled "Children in Gainful Occupations." Turns out, about 1 million children age 10 to 15 were working in America in 1920 (out of a total population of 12 million kids in that age range).