The United States is perilously close to falling into a recession, despite the reassurances of Federal Reserve officials, Wall Street economists and financial journalists. That’s not just an idle opinion; Read more
Tag: personal income
The typical S&P 500 CEO made 324 times more than the median-paid worker last year: report
The chief executives of S&P 500 companies raked in an average of $18.3 million in total compensation last year, making 324 times more than their company’s median-paid workers while enjoying Read more
The typical S&P 500 CEO made 324 times more than the median-paid worker last year: report
The chief executives of S&P 500 companies raked in an average of $18.3 million in total compensation last year, making 324 times more than their company’s median-paid workers while enjoying Read more
Here’s one curveball that makes June’s 41-year-high inflation data a lot worse
As if June inflation data reaching a 41-year high wasn’t enough Wednesday, here’s some worse news: Americans’ earnings declined yet again last month when factoring in rising costs. While the Read more
This is why inflation hits Black families particularly hard
Black Americans have grappled with more volatile inflation when compared to white households over the past several years, according to new research published Monday by the Federal Reserve Bank of Read more
‘They’ve owned these pets for years’: People are giving up family dogs they adopted long before the pandemic, mostly due to inflation, shelters say
Renters aren’t the only ones frantically searching for homes in New York City — pets are falling victim to the city’s housing wars, too. Animal Care Centers of NYC’s three Read more
There’s one industry in the June jobs report where wage growth beat inflation — but there’s a catch
Friday’s jobs report beat expectations, showing the economy tacked on another 372,000 jobs in June — but the robust showing was still a sobering reminder of how much inflation is Read more
Most essential workers have seen their pay increase during the pandemic — but many still don’t believe they’re being paid a fair wage
Pay for essential workers is rising, but many say it’s still not enough. Some 29 out of 30 essential-worker roles in industries such as public safety, food service, construction, maintenance Read more
Inflation is killing the pay raises older workers get
Workers of all ages are getting pay raises — a huge relief for those worried about their everyday bills getting more expensive these days — but older employees’ increases can’t Read more
Opinion: Why are Americans so grumpy about the economy? They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over
If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes Read more