Income & Output

The U.S. economy expanded at a faster rate than expected in the third quarter of 2022, with real gross domestic product growing at an annualized rate of 3.2%, rebounding from a 0.6% contraction in...
The idea of basic universal income – where the government pays each citizen a certain amount at a regular interval – has been around for decades, but picked up steam during the pandemic....
Having a baby is expensive. Long before the delivery itself, there are doctor visits, tests, scans, and more. After the delivery, a pediatrician needs to examine the newborn and follow its...
Finally, inflation seems to be under control. The consumer price index for December dropped by 0.1% from November, which was the largest dip since April 2020. Inflation rose year over year by 6.5%...
After months during which the U.S. economy was under siege by inflation, the December consumer price index fell 0.1% from November. The number seems small, but it is the largest drop since April...
There are more than 700 million people on Earth who live in extreme poverty, according to the World Bank. That figure, calculated by the world bank, represents the number of people around the world...
Median household income is an important indicator for understanding the level of wealth in places throughout the country. The national median household income reached $69,021, according to the U.S....
The amount of debt accumulated by the United States government has ballooned in the last 100 years – from an inflation-adjusted $409 billion in 1922 to $30.9 trillion 2022. The last time the...
The U.S. Census Bureau released in December the latest five-year estimates from the American Community Survey, an ongoing nationwide demographic snapshot that collects social, economic, and housing...
The United States is frequently referred to as the richest country on earth. The basis for this is the country’s gross domestic product, or GDP. At last count, the U.S. has a GDP of about $23...
The November consumer price index, released by the Bureau of Labor Statistics, showed that the pace at which prices of goods and services is rising was 7.1% year over year. Compared to the last...
The U.S. population rose 2.7% over the past five years, from about 327 million in 2016 to almost 332 million people in 2021. Nearly all of the increase was because of immigration. Americans continue...
When it comes to personal finance, what it means to be “rich” is relative. Ask the 73.3 million minimum wage workers in the U.S. the income level they consider rich, and then pose the same...
Women in the workforce earned about 84% of what men earned in 2020, according to a Pew Research analysis of full- and part-time workers. While the gender pay gap has remained steady for the last few...
Arguably the most iconic fast food item of all time, McDonald’s has had the Big Mac  on its menu since 1968. During the commercials of the 1970s, company marketing recited the burger’s...