Inflation remained well over targets in February but consumers just kept spending, the latest signal that the economy is not quick to slow down, despite […]
Tag: personal income
A tight labor market is helping women catch up to men
When Marie-Pier Tremblay moved from Quebec to Boston in 2012, working a job was not in the cards. There were legal hurdles to working in […]
Americans’ Personal Income Rose Significantly in January
Americans’ income rose sharply in January, driven by social security and dividend payments, in the latest sign that American households remain financially healthy. The value […]
Wages increased for restaurant and hotel staff post-pandemic
The cost of living has risen for leisure and hospitality workers while a hot labor market has spurred salary growth for low-paid workers – but […]
Five Things to Watch in March’s Personal Income and Outlays Report
The Bureau of Economic Analysis will release tomorrow the latest Personal Income and Outlays report. Economists surveyed by Bloomberg forecast a month-to-month personal income increase […]
U.S. households spent considerably less in February after a spending spree in January
Personal consumption expenditures decreased on a month-to-month basis, while wages in the private sector continue to increase Consumers considerably slowed their spending in February, but […]
Generation Y doesn’t save, and their debt continues to grow
As interest rates continue to increase credit card debt balances will cause strains to people in their 20s and 30s When the pandemic cut Dominique […]
Consumer spending increased, and so did the Fed’s benchmark
The personal consumption expenditures surprisingly rose while consumers increased their spending in January. Consumer spending increased and inflation picked up in January, likely setting the […]
Effects of Expired Child Tax Credit Reverberate for Families, Policymakers
When Alina McKnight’s middle daughter was experiencing a lack of motivation and mental health issues during the pandemic, her mother spent a little extra money […]
Optimism strengthened despite personal income, consumer spending drop-off
Personal income and consumer spending both declined in February as a result of brutal winter weather which shutdown much of the nation during the end […]