Consumers forecast inflation at 3.3% this time next year and are less confident that their earnings will rise as much as they had expected.

The stat, called labor share of national income, is being squeezed by globalization, declining union membership and automation.

Larry Fink, head of the largest money manager in the world, suggested in an investor letter that the retirement age should be higher because of longer life expectancies. But is that realistic?

The January PCE report showed inflation easing further but still significant. Moderation in spending could also continue, analysts say.

The PCE report for November shows that prices fell slightly and disposable personal income rose, along with the savings rate.

The expiration of pandemic-era government benefits is partially responsible for the increases in poverty.

The trust fund supplementing income taxes could run dry within 10 years. Dennis Jansen of Texas A&M suggests reforms.

Research finds that the money your parents are making when you’re a teen, rather than child, is more predictive of your outcomes as an adult.

Wage increases have been eaten by high inflation.

Inflation is eating away at incomes while the delta variant is discouraging consumers from going out and spending.