income

The job market is still tilted in workers’ favor.

In its latest report on restaurants, Toast finds a shift toward restaurant spending in the mornings, away from lunch and dinner.

Raises in real earnings help offset price increases but not all consumers share the benefits equally.

The CBO data show purchasing power rising across all income groups, but the numbers reflect averages, and individuals’ experiences vary.

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.