Fed Study Says Wealth Rose for All Ethnic Groups After Recession, but Inequality Persists
Wealth increased for families in all race and ethnicity groups between 2013 and 2016, according to newly released data from the Federal Reserve.
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John Harrington
Americans Say DC, Not North Korea, Biggest Threat to Economy
More Americans believe the political environment in Washington is a greater threat to the U.S. economy over the next six months than the saber-rattling involving North Korea, based a recent survey.
Why Massachusetts Is First in Financial Literacy
Massachusetts is the most financially literate state, based on a study by WalletHub that evaluated all 50 states and the District of Columbia on their financial savviness.
UK Vacuum Cleaner Maker Dyson Getting Into Electric Vehicle Industry
Dyson, whose TV ads boasted that its product was the only one that didn’t lose suction, is hoping it can bring that swagger to the auto industry in announcing it plans to build an…
Bangkok Most Visited Destination for Travelers, According to Mastercard List
Bangkok was the most visited destination for travelers in 2016, according to new research. But tourists spent the most in Dubai.
Long Road Back for Beleaguered Puerto Rico
The road back for Puerto Rico is going to be difficult in the aftermath of hurricanes Irma and Maria. Even before the tempests hit, the island was dealing with a severe debt crisis.
Research on Marriage by Class Shows Fragility of American Family
College-educated and more affluent Americans have relatively strong and stable marriages, in contrast with their poorer and working-class peers who face rising rates of family instability, single parenthood and lifelong singleness.
How Seat-Belt Use in Rural Areas Affects Crash-Related Death Rates
Rural residents are at an increased risk for death from motor vehicle crashes, compared with urban residents, and are less likely to wear seat belts.
South Had Most Exports by US Region in First Half of Year — Before the Hurricanes
Exports from metropolitan areas in the South generated the most revenue of any region in the United States in the first six months of the year, according to the Census Bureau.
Frequent Overdrafters Hold 9% of All Accounts, Pay 79% of Overdraft Fees
Frequent overdrafters at banks account for 9% of all accounts but paid 79% of all overdraft and insufficient fund fees, according to a report from the U.S. Consumer Financial Protection Bureau.
Halloween Spending to Reach Record $9.1 Billion, Says Retail Group
Americans plan to spend about $9 billion on Halloween-related items and activities this year, an increase of more than 8% from last year’s record.
Maria Moves on to Dominican Republic After Destroying Puerto Rico
Hurricane Maria is moving on to the Dominican Republic after unleashing a torrent of wind and rain on the beleaguered island of Puerto Rico, which is still reeling from the fury of Hurricane Irma…
Bull Market Officially the Second-Longest Ever
Investors have reason to cheer. The current bull market is now the second-longest bull market since World War II, even though it is probably the least-loved of the six longest bull markets of the…
Deloitte Forecasts Holiday Spending Increase of Up to 4.5% Amid Economic Optimism
Total retail holiday sales are expected to climb this year, reflecting a strengthening economy, a robust labor market and optimism among consumers.
Maria Lands in Puerto Rico as Category 4 Hurricane, Takes Aim at Dominican Republic
Hurricane Maria, the latest in a parade of destructive storms, made landfall Wednesday morning as a strong Category 4 storm in southeastern Puerto Rico.
Companies Scrambling to Find Ways to Bring Talent to Rural Areas
The economic prospects for the nation may be good, but the outlook for rural employers and employees is less sanguine
Gallup Poll Finds Rates of Regular Exercise Rising in US Communities
The United States may be among the most obese nations in the world, but there is good news when it comes to those who exercise in America.
Fears in Caribbean Grow as Maria Becomes a Category 5 Hurricane
Hurricane Maria, called "potentially catastrophic" by the National Hurricane Center, has been raised to Category 5 as it heads for Puerto Rico and the Virgin Islands.
Hurricane Irma Property Damage Estimated at Up to $65 Billion
The total insured and uninsured loss for residential and commercial properties, including damage from flood and wind, from Hurricane Irma is estimated to be as much as $65 billion.
Toys ‘R’ Us Succumbs to Crushing Debt With Bankruptcy Filing
Toys "R" Us, the largest U.S. toy store chain to file bankruptcy protection, is a victim of its own missteps as well as the turmoil engulfing the retail industry.