Stories Tagged as
Inflation
Why isn't the cost of borrowing money included in the consumer price index?
May 15, 2024
Loans are a big cost, but they would muddle the data in the CPI. Fed rate hikes would essentially create inflation, despite their intention.
Consumers don't expect their incomes to grow as fast as prices
May 13, 2024
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.
Gen Z is taking on more credit card debt
May 9, 2024
The credit bureau TransUnion is out with a report showing that borrowers aged 22 to 24 are carrying an average of $2,834 in credit card debt — about a quarter more than millennials in the same age range a decade ago.
AARP survey shows many older adults worry about financing retirement
May 6, 2024
More than 60% of people over 50 are worried they won’t have enough money to live on in retirement, which is more than last year, according to a recent survey from AARP.
As consumer sentiment survey is released, differences emerge at different wealth levels
Apr 26, 2024
Inflation continues to be a key factor but richer folks have greater protection from its effects.
U.S. GDP grew by 1.6% in the first quarter, slower than expected
Apr 25, 2024
This marks the end of a six-quarter streak of GDP growth of 2% or more. But the downshift might not be cause for worry just yet.
Why does the world want dollars? Because of high interest rates, thriving economy in U.S.
Apr 23, 2024
The greenback is so strong that Japan and South Korea have complained.
For public good, not for profit.
Summer EBT will help families buy groceries. But 14 states are opting out.
Apr 12, 2024
Administrative costs and a lack of political will are leading some states to turn down a new food aid program for children.
Home prices have risen 423% in 40 years, fueling economic discontent
Apr 9, 2024
From 1984 to 2023, the median cost of a new home rose from $79,900 to $417,700, more than double the rate of overall price inflation.
Wage growth outpaced inflation in March
Apr 5, 2024
That's good for workers, who have been experiencing positive real wage growth since May 2023.