Income & Output
The share of Americans living below the poverty line rose in 2022, reversing several years of historic progress. Much of the increase in real poverty was due to the expiration of safety net programs...
8 hours ago
Rampant inflation has been eroding real incomes nationwide, but no doubt wealthier Americans have had an easier time handling soaring prices. In some U.S. states, more households have relatively...
11 hours ago
Efforts by the Federal Reserve Bank to tame inflation appear to be working. After climbing to a 41-year high of 9.1% in June of 2022, the rate on the closely watched consumer price index dropped to...
9 days ago
Income inequality in the U.S. has been creeping upwards for decades. Over the 40 years between 1980 and 2019, income inequality – a measure of the uneven dispersion of wealth across a...
11 days ago
The rapid development of AI language models has already had a significant impact on various occupations and will likely have even more of an impact going forward. These models are designed to...
22 days ago
Last Updated: 21 days ago
Income inequality in the U.S. has been creeping upwards for decades. Over the 40 years between 1980 and 2019, income inequality – a measure of the uneven dispersion of wealth across a...
22 days ago
The U.S. is home to, at last count, 735 billionaires, the most of any country, who have a combined net worth of $4.5 trillion, according to Forbes magazine. By combining business savvy, the outlook...
25 days ago
Claims that Chinese entities were buying U.S. farmland at an alarming rate has led state and federal lawmakers from both ruling political parties to call for regulating and even stripping away...
29 days ago
Last Updated: 28 days ago
The rising cost of living in the United States in recent years, coupled with longer-term stagnation of wages, have eroded the ranks of the American middle class – which has long been a pillar...
1 month ago
Elizabeth Holmes, the disgraced founder of Theranos, reported to prison in May. She recently had her 11 year sentence reduced by 2 years, possibly for good behavior. After being convicted of wire...
1 month ago
Incomes have been on the rise in the United States for well over a decade. Since 2010, the typical American household’s earnings climbed between 0.9% and 6.1% annually. Still, in recent years,...
1 month ago
The middle class is a pillar of economic and social stability in the United States. Not only a reliable market for goods and services, the American middle class is also an engine of entrepreneurship...
1 month ago
Last Updated: 1 month ago
“A million dollars isn’t cool. You know what’s cool? A billion dollars.” Well, at least that is what Napster founder Sean Parker (played by Justin Timberlake) says to a young Mark Zuckerberg...
1 month ago
Amidst failed negotiations over compensation and other concerns, the Hollywood writers’ strike passed the 100-day mark on Aug. 9. (See the most significant strikes in Hollywood history.) One factor...
1 month ago
Over the last five years, the U.S. population grew by 2.7%, increasing from approximately 327 million in 2016 to nearly 332 million in 2021, with immigration accounting for nearly the entire...
1 month ago
Last Updated: 1 month ago