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Survey Reveals How Americans Are Coping With Rising Costs As Housing Leads Way Survey Reveals How Americans Are Coping With Rising Costs As Housing Leads Way
Survey Reveals How Americans Are Coping With Rising Costs As Housing Leads Way Americans are rethinking what “affordable housing” means as rising costs force families to adjust, according to a new national survey. The poll of 1,000 adults found more than half believe they pay too much for their homes.  Respondents reported spending an average of 42 percent of their annual income on housing-related expenses.  Parents were especially concerned: 42 percent said they doubt their children will be able to afford living in the same neighborhoods where they are growing up. Many blamed their environment for the pressure. Nearly half cited their neighborhood’s highe…

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by Joe Lombardi
Business
Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy
Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy Prices for a wide range of products increased in July, even as inflation held steady, with economists expecting President Donald Trump's tariffs to further raise costs for many Americans. The Consumer Price Index rose by 0.2% in July and reached a yearly rate of 2.7%, according to data released by the Bureau of Labor Statistics on Tuesday, Aug. 12. That was barely lower than the 2.8% annual inflation expected in the Dow Jones forecast, CNBC reported. Core inflation, which doesn't include the volatile food and energy categories, jumped by 0.3%, bringing the annual rate to 3.1%. That's the hi…

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by Chris Spiker
Business
Grocery Bills Causing Major Stress For Most Americans As Food Costs Rise: Poll Grocery Bills Causing Major Stress For Most Americans As Food Costs Rise: Poll
Grocery Bills Causing Major Stress For Most Americans As Food Costs Rise: Poll Most Americans say grocery prices are now a top source of stress, as inflation and President Donald Trump's tariffs drive up the cost of many everyday essentials, a new poll shows. About 86% said the cost of groceries is a "major" or "minor" source of stress in their lives, according to a national survey from the Associated Press-NORC Center for Public Affairs Research. More than half (53%) said supermarket prices were a major stressor, while just 14% said that groceries aren't a source of stress. Pollsters also found that two-thirds of households earning under $30,…

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by Chris Spiker
Business
Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims
Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims The head of one of the nation’s largest banks says the U.S. economy may be slowing — and that could hit local households and businesses hard in the months ahead. “I think there’s a chance real numbers will deteriorate soon,” JPMorgan Chase CEO Jamie Dimon said during a financial conference this week, per CNBC. He explained that while the country has seen gains in jobs and spending, there are signs that the economy may be cooling.  “Employment will come down a little bit. Inflation will go up a little bit. Hopefully, it’s just a little bit,” Dimon said. He added that lower immigration …

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by Josh Lanier
Business
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation was relatively flat as President Donald Trump's sweeping tariffs went into effect in April, with lower grocery prices helping keep overall costs in check. Monthly inflation increased just 0.2% from March, the Bureau of Labor Statistics said on Tuesday, May 13. Consumer prices rose 2.3% from April 2024, the smallest yearly inflation since February 2021. The annual inflation number was slightly below the 2.4% Dow Jones forecast, CNBC reported. Wall Street didn't react much to the consumer price index (CPI) data, with stocks and Treasury yields staying relatively unchanged when …

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by Chris Spiker
News
Going Broke Scarier Than Death For Many Americans, New Study Says: Here's Why Going Broke Scarier Than Death For Many Americans, New Study Says: Here's Why
Going Broke Scarier Than Death For Many Americans, New Study Says: Here's Why Nearly two in three Americans worry more about running out of money than dying, according to a new survey. Allianz Life released its 2025 Annual Retirement Study on Tuesday, April 22. The life insurance provider found that 64% of US adults fear going broke more than death. That fear cuts across generations but is most common among Gen Xers in their 40s and 50s, with 70% saying they worry about outliving their savings. Millennials followed at 66%, while 61% of baby boomers said they share the same concern. The biggest financial concerns were inflation, taxes, and Social Security. "Wit…

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by Chris Spiker
News
CT Ranks Among Nation's Least-Stressed States, New Study Says: Here's Why CT Ranks Among Nation's Least-Stressed States, New Study Says: Here's Why
CT Ranks Among Nation's Least-Stressed States, New Study Says: Here's Why While most Americans are feeling the pressure — from rising costs to political uncertainty — residents in the Northeast and mid-Atlantic may be catching a bit of a break, according to a new study. WalletHub released its 2025 list of the most stressed states in the US on Monday, Mar. 24. The findings suggest that despite national anxieties — like inflation, job instability, and healthcare access — many in the region are experiencing less day-to-day stress than much of the country. Connecticut ranked 42nd overall, placing it among the 10 least-stressed states. The Constitution State had …

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by Chris Spiker
Lifestyle
These Countries Rank As Most Popular For Americans In Search Of New Life These Countries Rank As Most Popular For Americans In Search Of New Life
These Countries Rank As Most Popular For Americans In Search Of New Life Is an international exodus on the horizon? A new survey finds that 17 percent of Americans would like to move abroad within the next five years, with Canada topping the list of preferred destinations. The Talker Research survey of 2,000 American adults, conducted online from Wednesday, Feb. 7, to Saturday, Feb. 10, also found that 5 percent plan to relocate overseas in the next few years, while 2 percent have already started the process of moving abroad. Where Americans Want To Go The study revealed that more millennials (25 percent) than any other generation are interested in making an in…

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by Joe Lombardi
Business
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Consumer prices rose slightly less than expected in February, but President Donald Trump's escalating trade wars and a declining labor market are keeping economic uncertainty high. Inflation increased 0.2 percent in February and 2.8 percent over the past year, according to new Bureau of Labor Statistics data released on Wednesday, Mar. 12. The yearly inflation number remained well above the Federal Reserve's two-percent target. The monthly increase was smaller than January's jump of 0.5 percent. February's figures were also a little lower than Dow Jones expectations, CNBC reported. Co…

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by Chris Spiker
Business
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Shoppers at Best Buy and Target should prepare for higher prices as new tariffs on imports from Mexico, Canada, and China disrupt supply chains, according to the companies' CEOs. The heads of the retail giants sent out warnings about likely price hikes for everything from fresh produce to expensive electronics. On Tuesday, Mar. 4, President Donald Trump officially enacted 25 percent tariffs on goods from Mexico and Canada, along with raising tariffs on Chinese imports to 20 percent. Best Buy CEO Corie Barry said the chain heavily relies on China and Mexico as its top two…

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by Chris Spiker
Lifestyle
Here's Percentage Of Americans Who Say Living In US No Longer Enjoyable, Poll Reveals Here's Percentage Of Americans Who Say Living In US No Longer Enjoyable, Poll Reveals
Here's Percentage Of Americans Who Say Living In US No Longer Enjoyable, Poll Reveals Rising housing costs, healthcare concerns, and growing social divisions have many Americans considering life beyond US borders. A survey by Talker Research reveals that two in five Americans say living in the US is no longer enjoyable. A total of 39 percent say they often feel stuck where they live. Additionally, five percent of the 2,000 adult Americans polled are actively planning steps toward living abroad, while two percent have already initiated the moving process. Millennials are particularly keen on relocating, with a striking 25 percent expressing the desire to move internationall…

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by Joe Lombardi
News
Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears
Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears Unemployment claims have surged to their highest level since October 2024, adding to growing concerns over job security and the broader economy. Initial jobless claims jumped by 22,000 to 242,000 for the week ending on Saturday, Feb. 22, the Bureau of Labor Statistics said in data released on Thursday, Feb. 27. The previous week's total was revised up slightly to 220,000. The rise in claims comes as consumer confidence took its steepest monthly dive since August 2021 amid concerns over inflation, tariffs, and the labor market. The Conference Board's Consumer Confidence Index fell …

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by Chris Spiker
Business
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Consumer confidence took its biggest dive in more than three years, adding to growing concerns over inflation, job security, and the broader economy — as Americans grapple with high prices and uncertain financial conditions. The Conference Board's Consumer Confidence Index fell 7.0 points in February to 98.3, the nonprofit business research group said on Tuesday, Feb, 25. That marks the metric's steepest monthly decline since August 2021. The Expectations Index also dropped 9.3 points to 72.9. That number gauges consumers' outlook on jobs, income, and business conditions. Fo…

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by Chris Spiker
Business
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and fueling worries about the economy. Retail and food services sales fell 0.9 percent in January, according to Census Bureau data released on Friday, Feb. 14. The decline reversed the trend from December 2024's revised increase of 0.7 percent, signaling that consumers may be feeling the squeeze from rising prices. Economists had predicted only a slight decline, with Dow Jones estimating a 0.2 percent drop, NBC News reported. The sales totals were seasonally adjusted but…

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by Chris Spiker
Business
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation unexpectedly accelerated in the first month of 2025, adding political and economic pressure to President Donald Trump's campaign promise of immediate relief to high consumer prices. In January, overall inflation climbed 3.3 percent year-over-year for core items and 0.5 percent monthly, according to data from the Bureau of Labor Statistics released on Wednesday, Feb. 12. That ran slightly ahead of economists' prediction of 3.2 percent inflation, NBC News reported. Core items exclude notably volatile prices for food and energy. The Consumer Price Index (CPI) still inc…

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by Chris Spiker