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Economy: Worker Income / Contract Workers / Consumer Debt #157251

ABC Evening News for Sunday, Oct 08, 1995
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(Studio: Carole Simpson) Census Bureau reports on middle-class incomes noted.

(Los Angeles: Bill Redeker) The financial plight of the American worker examined; statistics of worker and family income cited. [Worker Peter APFEL, Economic Policy Institution Dean BAKER - comment on the economic realities.]

(Studio: Carole Simpson) Report introduced.

(Washington: Sheilah Kast) The trend towards using free-lance workers and its meaning for worker benefits and the IRS's tax income examined. [IBM employee turned independent contractor Barbara DRESLER, Big Blue Alumni International computer network's Linda ANDERSON - says this trend creates second-class workers.] IRS (Internal Revenue Service) said now auditing companies like IBM that make extensive use of contract workers noted. [IRS Marshall WASHBURN - compares the two systems.]

(Studio: Carole Simpson) Report introduced.

(New York: Bob Jamieson) Rising consumer debt examined; statistics cited to show the insidious nature of credit card interest/balance rates. [American Credit Alliance Alan FRANKLIN, Bank Card Holders of America Ruth SUSSWEIN - explain how the banks' interest system costs consumers.] [Visa United States of America chief economist Thomas LAYMAN - defends lowering the minimum payment.]

Reporter(s):
Jamieson, Bob;
Kast, Sheilah;
Redeker, Bill;
Simpson, Carole
Duration:
00:06:30

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