Economy

“…A record number of Americans say they won’t be buying holiday gifts this year”

“The rising prices for fuel, grocery items and other goods are weighing on many shoppers’ minds. Consumer confidence hit a 10-year low in November, according to the University of Michigan Consumer Sentiment Index, as inflation climbed to the highest levels since… Continue Reading…

Economy

“A record number of Americans quit their jobs in September”

“…A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick.Workers are quitting in search for better pay or better jobs, representing a fundamental shift in America’s labor market…. The… Continue Reading…

Economy

“Americans have never been in so much debt”

“American households are carrying record amounts of debt as home and auto prices surge, Covid infections continue to fall and people get out their credit cards again.Between July and September, US household debt climbed to a new record of $15.24 trillion,… Continue Reading…

Economy, Personal Finance

“The wealthiest 10% of Americans own a record 89% of all U.S. stocks”

“The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19… Continue Reading…

Economy, Personal Finance

“Survey Reveals 64% of Americans Might Retire Broke”

“EDITOR NOTE: Thinking you may retire broke is one of the scariest thoughts a person can have. Even more terrifying is that a new survey says that 64% of Americans likely will walk away from years of hard work with… Continue Reading…

Business, Economy

“Why Are So Many Americans Leaving Their Jobs Right Now?”

“A Microsoft survey of more than 30,000 global workers showed that 41% of workers were considering quitting or changing professions this year. Among all sectors, retail has had the most resignations. Almost 650,000 retail workers quit just in April, according… Continue Reading…

Economy

“Millions of Americans will lose unemployment benefits this weekend”

“…Congress authorized a historic expansion of the country’s safety net for jobless individuals in March 2020 to manage the fallout of the Covid-fueled economic downturn. Lawmakers twice extended those temporary expansions, which increased the number of people eligible for unemployment… Continue Reading…

Economy, Real Estate

“Nearly half of Americans selling their homes don’t plan to buy another: Here’s what they’re doing instead”

“The housing market is red-hot and showing few signs of slowing down. Home prices were at a median $386,888 in June, according to Redfin, up 24% since last June. And demand is high: The average house lasted just 14 days on the market,… Continue Reading…

Personal Finance

“Almost half of Americans are willing to take on debt in a post-pandemic spending splurge, survey finds”

“Americans are ready to start spending money to treat themselves — and 44% are willing to go into debt to do it, a report from CreditCards.com finds. Millennials, ages 24-40, are most likely to take on more debt (59%) followed by Gen… Continue Reading…

Economy, Personal Finance

“Bill payments jump 30% as Americans use $1,400 stimulus checks to cover household expenses”

“There was a 30% month-over-month increase in the number of payments made to pay household bills from March 17 to March 21, according to the latest research from bill pay service doxo. During that same weeklong time frame, the total amount paid… Continue Reading…