📈 Inflation has risen 8.6% in May of 2022, marking the largest growth in the consumer price index since 1981.
Food and energy are the main culprits, but inflation has touched almost every inch of every industry. With rising inflation, real wages declined 0.6% despite many wage increases given to employees. The fuel costs have risen 106.7% over the past year.
A recent Harris poll for The Guardian reveals widespread misconceptions about the U.S. economy. Most Americans (56%) believe the country is in a recession, but it's not
Planning a Memorial Day barbecue? Get ready to spend more than last year.
More than half of Americans believe the U.S. is in a recession, even though the GDP has been growing for several years.
Nancy Lazar from Cornerstone Macro is sounding the alarm about a possible economic downturn.
A Business Insider analysis of 2022 US Census Bureau data revealed stark contrasts in the middle-class population across states.
The Federal Reserve Bank of New York is enhancing its supply chain data tracking with new "Supply Availability Indexes."
McDonald’s is launching a $5 Meal Deal in the U.S. to attract customers amid rising inflation.
The number of Americans filing for jobless benefits dropped last week, undoing nearly half of the previous week's spike.
Say goodbye to free soda refills at McDonald's, a move that's stirring up more than just the ice in customers' cups.
McDonald's is reportedly gearing up to introduce a $5 meal deal, aiming to attract customers who felt priced out by recent hikes.
A recent survey by asset management firm Schroders revealed that only 4% of retirees feel they are "living the dream," while another 4% are "living the nightmare."
California's reputation for high living costs is well-known, but a recent report from Forbes Advisor highlights other areas across the United States that can put a strain on your wallet.
On Friday, Federal Reserve officials breathed a sigh of relief as April’s job data revealed a cooling in wage growth and hiring rates that hark back to pre-COVID-19 days.
In the face of soaring interest rates, many U.S. homebuyers are opting for adjustable rate mortgages (ARMs) as a more affordable alternative to traditional fixed-rate mortgages.
The average net worth for older Americans might seem high, but this number is skewed by wealthier individuals.
Across the United States, municipal governments are tightening their belts as the financial support from the pandemic era fades and inflation persists.
Landstar System, a logistics company, shared a mixed bag of results in their recent earnings call, staying optimistic despite a tough market.
In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.
Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.
In recent years, Americans have adjusted their retirement savings targets significantly.
If you're using FedEx or UPS for shipping, especially in Los Angeles County, keep an eye on your bills – they're about to go up.
Wealthy American families are increasingly obtaining second, or even multiple, citizenships and residences, a trend highlighted by Henley & Partners, a law firm specializing in high-net-worth citizenships.
FedEx and UPS have introduced Delivery Area Surcharges (DAS) in 82 additional ZIP codes across the US, covering nearly 1% of the population.
In California, a significant new law has just kicked in, raising the minimum wage for fast-food workers to $20 an hour.
Looking for a plush spot to spend your retirement? Well, GoBankingRates.com just ranked the richest retirement towns in the U.S., and it's quite the list!
Larry Fink, CEO of BlackRock, points out in his annual letter that the U.S. retirement system is under a lot of pressure due to Americans living longer and spending more years in retirement.
In the not-so-distant future, your ideal burger munching time might not align with your growling stomach.
In February, inflation spiked more than expected due to higher gas prices, yet slowed in other areas like food and housing, offering a silver lining.
Warren Buffett, the iconic investor and Chairman of Berkshire Hathaway, isn't shy about addressing the gaps between the rich and poor.