'Doom spending' instead of home buying—how young people are spending their money
Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.
Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.
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High inflation is costing Americans an extra $1K a month
Americans are now facing an additional financial burden of $1,069 per month due to high inflation compared to three years ago.
Americans are now facing an additional financial burden of $1,069 per month due to high inflation compared to three years ago.
For the price of a home in LA, you could’ve bought a skyscraper in St. Louis
A recent sale of one of the tallest buildings in St. Louis fetched $3.6 million, a stark contrast to the regular sales of homes in LA for twice that amount, underscoring the tumultuous nature of the current real estate market in America.
A recent sale of one of the tallest buildings in St. Louis fetched $3.6 million, a stark contrast to the regular sales of homes in LA for twice that amount, underscoring the tumultuous nature of the current real estate market in America.
America's top 1% has total net worth of $44 trillion
Recent Federal Reserve data reveals that America's wealthiest 1%, with assets exceeding $11 million, amassed a record $44.6 trillion in wealth by the end of the fourth quarter of 2023, with fluctuations observed based on geographical location.
Recent Federal Reserve data reveals that America's wealthiest 1%, with assets exceeding $11 million, amassed a record $44.6 trillion in wealth by the end of the fourth quarter of 2023, with fluctuations observed based on geographical location.
Americans are still craving connection post-pandemic. The eclipse is creating that moment for us.
Millions of Americans are eager to socialize and make this eclipse a special moment – which includes splurging on the day, data shows.
Millions of Americans are eager to socialize and make this eclipse a special moment – which includes splurging on the day, data shows.
Why are food prices so high despite inflation falling?
Even if the cost of groceries declines, researchers say it's harder to notice decreasing food prices when the overall cost of living remains steep.
Even if the cost of groceries declines, researchers say it's harder to notice decreasing food prices when the overall cost of living remains steep.
Three reasons why egg prices are so high ahead of Easter
Egg prices are reaching near-historic highs globally as Easter and Passover approach, reflecting market turbulence driven by disease, high demand, and rising costs for farmers.
Egg prices are reaching near-historic highs globally as Easter and Passover approach, reflecting market turbulence driven by disease, high demand, and rising costs for farmers.
More people moved to these US counties in 2023 than anywhere else
The U.S. Census Bureau released data on Thursday showing the top 10 counties in the country with the most population growth in 2023.
The U.S. Census Bureau released data on Thursday showing the top 10 counties in the country with the most population growth in 2023.
DC metro area leads nation in converting empty offices into apartments
When it comes to housing, turning unused office spaces into residential ones is the latest trend across the D.C. region.
When it comes to housing, turning unused office spaces into residential ones is the latest trend across the D.C. region.
Wendy's to test 'surge-pricing' menu that updates based on demand
Dynamic pricing, similar to Uber, is coming to Wendy's. The chain will invest in new high-tech digital menus to adjust prices depending on restaurant traffic.
Dynamic pricing, similar to Uber, is coming to Wendy's. The chain will invest in new high-tech digital menus to adjust prices depending on restaurant traffic.
Capital One - Discover merger: What we know and how it impacts you
Capital One's acquisition of Discover for $35.3 billion will have a major impact on consumer and financial services once the deal is finalized. Here's what you need to know.
Capital One's acquisition of Discover for $35.3 billion will have a major impact on consumer and financial services once the deal is finalized. Here's what you need to know.
Capital One to purchase Discover Financial for $35 billion
Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers.
Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers.
How attacks in the Red Sea are cramping global trade; what it means for retailers
The cost to ship a standard 40-foot container from China to northern Europe has jumped from $1,500 to $4,000, according to the Kiel Institute for the World Economy in Germany.
The cost to ship a standard 40-foot container from China to northern Europe has jumped from $1,500 to $4,000, according to the Kiel Institute for the World Economy in Germany.
Bread market expected to skyrocket, make big gains by 2027
A research firm predicts that the global bread market will gain $118.37 billion in value by 2027.
A research firm predicts that the global bread market will gain $118.37 billion in value by 2027.
Great wealth transfer is underway in US — to women
A McKinsey & Company study released in 2020 found women are set to control much of the unprecedented $30 trillion in assets held by baby boomers by the end of the decade.
A McKinsey & Company study released in 2020 found women are set to control much of the unprecedented $30 trillion in assets held by baby boomers by the end of the decade.
US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists
US home prices rise again in November as inventory shortage persists
Major bank announces elimination of 20,000 jobs after losses
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
New Kentucky bill could exempt diapers from state's sales tax
For weary parents rolling up their sleeves for diaper duty, a bill in Kentucky would deliver tax relief when purchasing a necessity that adds up to a big expense.
For weary parents rolling up their sleeves for diaper duty, a bill in Kentucky would deliver tax relief when purchasing a necessity that adds up to a big expense.
Report reveals top 10 in-demand jobs, market predictions for 2024
Most of the positions on the list represented jobs that were highly flexible or self-employed.
Most of the positions on the list represented jobs that were highly flexible or self-employed.