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Economy

Latest updates on the U.S. economy.

Inflation forcing Americans to spend $709 more per month than 2 years ago: economist

Inflation forcing Americans to spend $709 more per month than 2 years ago: economist

Inflation has created financial pressures for most U.S. households and forced them to pay more for daily necessities like food and rent.

August 14, 2023 11:30am EDT
Inflation cools sharply in May to 4%, lowest in 2 years

Inflation cools sharply in May to 4%, lowest in 2 years

Last month marked the slowest pace of inflation since March of 2021.

June 13, 2023 11:23am EDT
Round 3 of Disney job cuts starting

Round 3 of Disney job cuts starting

Disney has said it plans to trim 7,000 from its workforce overall

May 23, 2023 9:44pm EDT
Housing market could tumble into a 'deep freeze' if US defaults on its debt

Housing market could tumble into a 'deep freeze' if US defaults on its debt

A new analysis from Zillow projected that home-buying costs could surge by a stunning 22% if Congress fails to raise the debt limit by June 1.

May 16, 2023 12:28pm EDT
The best time to sell your home is this week, data reveals

The best time to sell your home is this week, data reveals

According to the research, the week of April 16-22 offers higher-than-average prices and a lower-than-average time on the market, while also offering a higher-than-average number of buyers.

April 17, 2023 1:51pm EDT
Fed officials signal more rate hikes likely amid sticky inflation, minutes show

Fed officials signal more rate hikes likely amid sticky inflation, minutes show

Federal Reserve policymakers see more interest rate hikes ahead.

February 22, 2023 6:27pm EST
How inflation is changing the way people use payment apps

How inflation is changing the way people use payment apps

A recent survey by Forbes finds that some young adults are using payment apps to cover the costs of restaurant tabs, groceries, and rent.

January 17, 2023 7:23pm EST
Record number of Americans are paying $1000 a month or more for monthly car payments, data shows

Record number of Americans are paying $1000 a month or more for monthly car payments, data shows

More than 15% of consumers who financed a new vehicle toward the end of 2022 committed to paying more than $1,000 a month, the highest percentage ever recorded.

January 6, 2023 2:13pm EST
Nearly half of US workers hope to get promoted, a raise in 2023, survey shows

Nearly half of US workers hope to get promoted, a raise in 2023, survey shows

According to the survey, which polled 1,000 full-time U.S. employees in December, the majority of respondents (60%) felt somewhat valued or not at all valued at work.

December 14, 2022 7:54pm EST
More Americans getting a second job as high inflation rages

More Americans getting a second job as high inflation rages

High inflation is pushing more Americans to take on a side hustle.

December 5, 2022 4:56pm EST
These housing markets are seeing the largest drop in prices since the pandemic peak

These housing markets are seeing the largest drop in prices since the pandemic peak

Housing prices are continuing to cool off — and data shows one area of the country, in particular, is seeing the highest drop.

October 12, 2022 3:58pm EDT
Americans changing holiday travel plans due to inflation, survey finds

Americans changing holiday travel plans due to inflation, survey finds

Over the holidays, many Americans are opting for fewer days of travel, cheaper accommodations, and shorter distances due to rising costs, a recent survey found.

October 7, 2022 10:07am EDT
Mortgage activity hits 25-year low as rates rise

Mortgage activity hits 25-year low as rates rise

The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, impacting home buyers.

October 5, 2022 11:44am EDT
‘Unnecessary’ work meetings waste productivity and money, survey finds

‘Unnecessary’ work meetings waste productivity and money, survey finds

But will bosses listen and cut back on meetings?

October 4, 2022 4:30pm EDT
More couples are asking wedding guests to help buy a home, experts say

More couples are asking wedding guests to help buy a home, experts say

The wedding experts at Zola.com (http://zola.com/) said they’ve seen the number of couples asking for housing-related funds double since 2019.

October 3, 2022 5:12pm EDT
Gallup: More than half of U.S. workers are ‘quiet quitting’

Gallup: More than half of U.S. workers are ‘quiet quitting’

A poll shows that the workplace has gotten worse for younger employees, particularly those under 35 years old.

September 20, 2022 4:27pm EDT
Lowe’s to pay $55 million in bonuses for hourly frontline workers amid high inflation

Lowe’s to pay $55 million in bonuses for hourly frontline workers amid high inflation

Lowe’s gave seven similar bonuses after the pandemic began in 2020 and 2021.

August 18, 2022 10:46am EDT
Used cars costing consumers $10,000 more than 'normal' as inflation rages

Used cars costing consumers $10,000 more than 'normal' as inflation rages

It's a bad time for consumers looking to buy a used car. 

July 22, 2022 8:05pm EDT
Inflation, expenses rise sharply as priorities for most Americans, poll finds

Inflation, expenses rise sharply as priorities for most Americans, poll finds

Most Americans expressed little confidence in Republicans and Democrats to focus on issues important to them or an ability to work together and get things done.

July 8, 2022 3:17pm EDT
As inflation soars, one-third of Americans are experiencing financial stress: Survey

As inflation soars, one-third of Americans are experiencing financial stress: Survey

More than one-third of households reported difficulties in paying bills recently.

May 22, 2022 9:15am EDT
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