Economics

Think back to 2011 when Occupy Wall Street identified New York City’s big banks, hedge funds and private equity firms as the 1%.

“Can money buy happiness” is an age-old question. Plenty of recent research has explored the relationship between what we earn and how we feel. In general, the results border on the painfully obvious: Yes, people with higher incomes, broadly speaking, tend to be happier than those who struggle to make ends meet.

Changing demographics are the main cause of today’s housing surplus according to new research by University of Virginia urban and environmental planning professor William Lucy. He says the path to a housing market rebound doesn’t lie in new construction but in rethinking housing needs based on changing demographics.

The question posed in the title of this blog has a double meaning–jobs as in employment and Jobs as in Steve Jobs of Apple.