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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.
The monthly payments can lead to small changes that have long-term effects, experts say.
About 1 in 6 households reports having more debt now than before the COVID-19 crisis.
But those earning under $25,000 are about as anxious now as they were before the pandemic.