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Tag Archives: household incomes
Retail Sales Back, But Not Consumers
The Mortgage Corner It turns out consumers decided to shop again in July, as retail sales surged in all categories. This includes online sales these days, as retailers adapt to the new reality that one large store size doesn’t fit … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged consumer spending, household incomes, inflation, retail sales
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Housing Recovery Still Uneven
Financial FAQs Fresh data from real-estate website Trulia show that just 34.2 percent of homes have returned to the peak levels registered before the onset of the recession in 2008, reports Marketwatch’s Andrea Requier. What’s more, Trulia estimates it could … Continue reading
Poverty Level Down, As Household Incomes Surge
Popular Economics Weekly Fewer Americans lived in poverty in 2015 and median incomes charted their first increase since the Great Recession, according to data released Tuesday by the Census Department. The official poverty rate fell 1.2 percentage points between 2014 … Continue reading
Who Are the Homeowners?
The Mortgage Corner The Atlanta Federal Reserve Bank just published a housing study entitled, “It’s Not Just Millennials Who Aren’t Buying Homes,” that breaks down homeownership by age and household status. And the results show that age and whether one … Continue reading
Middle Class Finally Gets A Raise
Popular Economics Weekly A new rule announced by the Obama administration will, effective December 1, double the overtime-pay salary threshold and set it to automatically increase every three years. It’s about time. The salary of employees has been diminishing since … Continue reading
Higher GDP, Consumer Spending Will Boost 2016 Growth
Financial FAQs Q4 GDP growth was just revised upward to 1.0 percent, from the 0.7 percent first estimate. This, January’s personal income figures and durable goods orders show consumers and even parts of the manufacturing sector are still expanding, which … Continue reading
How Extreme is Bernie’s Economic Vision?
Popular Economics Weekly Major progressive economists are protesting Bernie Sanders predictions of robust economic growth and jobs if his policies are enacted. What are his policies? Policies he claims will give Americans what the other developed countries already offer to … Continue reading
