Economy

Recent Stories

Food Stamp Assistance in Colorado Has Doubled Since Great Recession

we accept food stamps

More Coloradans are receiving food assistance today than even during the worst months of the Great Recession. Since 2007 the number of people receiving benefits from the Supplemental Nutritional Assistance Program — formerly known as food stamps — has more than doubled. An average of 508,200 residents qualified for SNAP dollars each month during 2013, according to the Colorado Department of Human Services. This year the state predicts that an additional 44,000 Coloradans will sign up to receive help putting food on the table. However, the assistance available is limited. Continue Reading →

Filed under: , , ,

New Nielsen Research Cites Economic Clout of Latinas

New Nielsen research shows that Latinas are the primary decision-makers in much of the spending by Latino households. The study said that, taken together, Latinos comprise 52 million people in the U.S. population and are the most influential economic sub-set since the baby boomers.

Latinas RMPBS I-News from I-News on Vimeo. New Nielsen research shows that Latinas are the primary decision-makers in much of the spending by Latino households. The study said that, taken together, Latinos comprise 52 million people in the U.S. population and are the most influential economic sub-set since the baby boomers. Women are the primary decision-makers in Latino households when it comes to spending, according to a recent Nielsen study, and often have significant incomes and  buying power. Nielsen reports that middle-class Latino families, earning between $50,000 and $100,000 a year, make up the powerful consumer demographic. Continue Reading →

Filed under: ,

Marijuana Shops Expect New Year’s Day Surge

MEDICINE_MAN1

Marijuana Shops Expect New Year's Day Surge from I-News on Vimeo. Marijuana businesses and regulators are gearing up for the biggest change in the industry's brief history. Colorado dispensaries will be able to begin selling recreational pot on January 1 to anyone 21 or older. "We're going to be looking at three to four times the demand," said Andy Williams, president of the Medicine Man medical marijuana dispensary in Denver. He predicts long lines outside his east Denver store when it opens at 8:30 a.m. on New Years Day. Continue Reading →

Filed under: , ,

Community Groups Continue to Grapple with Resolving the “Cliff Effect”

The measures passed by Congress and signed by President Bill Clinton in 1996 “to end welfare as we know it” were heralded as a ticket to economic self-sufficiency. The poor would be encouraged to enter the workforce and eventually leave all welfare assistance behind. But an I-News at Rocky Mountain PBS examination of one of the most important programs in Colorado – subsidized child care – shows the opposite may be happening. Those closest to economic self-sufficiency –  considered to be about 225 percent of the federal poverty level – are endangered by a phenomena called the “cliff effect.” A family’s rising income can lead to a sudden termination of an important benefit, plunging the family more deeply  back into poverty. The I-News inquiry, which resulted in a Rocky Mountain PBS documentary, also shows that tens of thousands of working poor families in Colorado have no real shot at economic self-sufficiency. Continue Reading →

Filed under: , , ,

‘Backseat Budgeter’ takes a look at Colorado’s Upcoming Ballot Issues

Want to learn more about the two major Colorado ballot measures coming up next month, Amendment 66, which deals with school finance reform, and Proposition AA, which puts forth how the state would like to cash in on recreational marijuana? One handy-dandy Web site for understanding the nuances of the issues is the updated Colorad0 Backseat Budgeter, an interactive guide published by Engaged Public, the Denver-based public policy strategy firm, in collaboration with the Colorado Futures Center at Colorado State University. The new edition also lays out the state budget in an easy to understand fashion and offers you, Jolene or John Q. Public, the opportunity to make your own suggested changes, providing you don't violate state law, of course. The marijuana question pertains to a problem created when state voters approved Amendment 64, legalizing recreational pot for adults, in 2012. The tax language in the amendment was found to be non-compliant with the state's TABOR Amendment, requiring this do-over.  Amendment 66 asks for a $950 million education tax increase that Gov. John Hickenlooper told The Denver Post would make Colorado "a national model for public education." Continue Reading →

Filed under: , ,

Colorado Households Faced Shrinking Incomes, Higher Poverty in Recession

Coloradans have not recovered yet from the Great Recession in terms of household incomes and the number of those afflicted by poverty. The U.S. Census Bureau’s 2012 American Community Survey found that the median household income in the state shrank by about 13 percent between 2008 and 2012, from $65,054 to $56,765 in 2012. The numbers are adjusted for inflation. While income was shrinking, poverty rates, perhaps not surprisingly, went in the opposite direction. The overall poverty in Colorado jumped from 11.4 percent to 13.7 percent between 2008, when the recession deepened, and 2012. Continue Reading →

Filed under: , ,

Latinas Are Growing Source of Economic Clout, Nielsen Study Finds

Latinas RMPBS I-News from I-News on Vimeo. New Nielsen research shows that Latinas are the primary decision-makers in much of the spending by Latino households. The study said that, taken together, Latinos comprise 52 million people in the U.S. population and are the most influential economic sub-set since the baby boomers. Women are the primary decision-makers in Latino households when it comes to spending, according to a recent Nielsen study, and often have significant incomes and  buying power. Nielsen reports that middle-class Latino families, earning between $50,000 and $100,000 a year, make up the most influential consumer demographic since baby boomers. Continue Reading →

Filed under: ,