financial challenges

Today nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their low- and middle-income customers, while serving only the wealthiest Americans.

Lisa Servon's The Unbanking of America: How the New Middle Class Survives is an indictment of America’s banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. 

A new analysis measures the health of the economy: the report offers an optimistic outlook for the next two years.

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NEW CITY – Rockland County Executive C. Scott Vanderhoef delivered his final state of the county address to the County Legislature Tuesday night taking aim at budget and financial challenges and the county’s experiences with Hurricane Sandy.

Vanderhoef, who is retiring at the end of the year, spent a significant amount of time discussing the county’s budget woes, assuring county residents the worst of the recession was over but more structural changes were necessary.