American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, -0.73% DJIA, -0.90% COMP, -0.70% shed more than Read more
Tag: personal income
Wages are up, but so are costs. Help us report on how that’s affecting you.
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to Read more
Opinion: Opinion: Why inequality is growing in the U.S. and around the world
U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022. That’s because what’s been driving income inequality in the Read more
Opinion: Opinion: Republican Congress wouldn’t reduce inflation. It would be a disaster.
BERKELEY, Calif. (Project Syndicate)—Inflation now tops the list of concerns for many voters in the United States. But if they use this week’s midterm election to protest inflation, they could tip control Read more
Latinos are crucial to the economy — but banks don’t always meet their needs
When it comes to banking, Mireya Olvera knows that Latino consumers want to feel understood — or, at the very least, like the person on the other end of the interaction Read more
U.S. third-quarter wage pressures cool a little from elevated levels
The numbers: The U.S. employment cost index rose 1.2% in the third quarter, down slightly from a 1.3% gain in the April-June quarter, the Labor Department said Friday. MarketWatch Over Read more
Republican and Democratic parents ‘deeply polarized’ over K-12 school subjects ahead of midterm elections and mortgage applications drop after rates top 7%, the highest since 2001
Hi, MarketWatchers. Don’t miss these top stories. An increase in Social Security can only do so much — new thinking is needed for older adults in the modern workforce For Read more
How to prepare for a recession when you don’t have a lot of money to spare
Low- to moderate-income Americans walloped by higher prices and economic insecurity may have darker days ahead. Many economists and executives are predicting a recession within the next year — if the U.S. isn’t in one Read more
Opinion: Leading indicators show inflation is slowing, but Fed policy makers are too busy looking in rearview mirror to notice
The Federal Reserve is speeding down the road looking in the rearview mirror, chasing a demon it doesn’t understand and praying that inflation will recede before it drives the economy Read more
New York City’s housing market now resembles 2008 in one critical way — and it’s especially bad news for renters
New Yorkers’ rents are rising. The same can’t be said for their wages. New York City’s rental costs soared by 13.4% between August 2021 and August 2022 when adjusted for Read more