High-income consumers keep spending like they’ve never heard of this affordability crisis people keep talking about. But middle- and lower-income folks, despite declaring that they’re fed up with ...

WASHINGTON, Nov 23 (Reuters) - Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about ...

Ms. Edelberg is a former chief economist for the Congressional Budget Office. The latest jobs report, delayed for almost seven weeks by the government shutdown, finally came out on Thursday and we ...

In the middle of 2022, UK households were saving around 5% of their incomes. By the end of 2024, they were saving more than 11%. One day everyone felt pretty good about the future. Spend spend spend.

Many commentators today observe the U.S. economy is increasingly bifurcated, with the rich getting richer while poor and middle-class families are falling farther behind. Some refer to it as a ...

Need a fast refresher on the G7 countries? Here’s a quick, no-fluff breakdown of the world’s most powerful democracies—who they are, what they bring to the table, and why they matter in global ...

WASHINGTON, Nov 19 (Reuters) - The U.S. trade deficit narrowed more than expected in August as businesses imported fewer goods against the backdrop of higher tariffs, a trend that if sustained could ...

Below, Gene Ludwig shares five key insights from his new book, The Mismeasurement of America: How Outdated Government Statistics Mask the Economic Struggle of Everyday Americans. Americans keep ...

Michele, who is JPMorgan Chase & Co.’s (NYSE: JPM) Chief Investment Officer and Head of Global Fixed Income, Currencies and Commodities, currently overseeing “$800 billion” in assets, said that the ...

A growing share of lower-income Americans are struggling to get by financially as their wages fail to keep up with inflation, according to a recent analysis. Roughly 29% of lower-income households are ...

Ms. Patterson is an economist who has held senior positions at JPMorgan Chase and Bridgewater Associates. In the game of Jenga, players remove wooden blocks from a tower and place them on the top.

The letter K has become popular lately when describing a U.S. economy where the wealthiest Americans are thriving while everyone else is struggling to survive. But another K shape has gripped the farm ...