About half of Americans still think the American Dream — the idea that anyone can get ahead through hard work and determination — is achievable, according to findings released Tuesday by Pew Research Center. While 53% say the American Dream remains possible, another 41% believe the life of relative economic security the notion once conjured […]
Tag: economy
Student debt forgiven; how about Medical debt?
Millions of Americans have medical debts and want the federal government to introduce a forgiveness scheme, like the one for student loans—but is this likely, and would a one-off program solve the root problem? Loan forgiveness has become a hot topic in recent years following the Biden administration’s en masse policies to eradicate education bills […]
Walgreen’s will shutter 100’s of stores this year
Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain on Thursday morning announced quarterly earnings that fell short of Wall Street expectations. Walgreens’ stock dropped more than 20% just minutes into the trading day. In an interview with CNBC, […]
Why are Americans upset about Biden economy?
Americans are not feeling good about the state of the economy, and it’s a big problem for President Biden. Even as numerous indicators suggest the U.S. economy is doing remarkably well in the postpandemic era, poll after poll has shown that consumers don’t view the economy in the same light. Nearly 3 in 5 Americans […]
WH says ‘Bidenomics’ a success; Americans don’t
The White House has long touted its “Bidenomics” initiatives to restore American economic prosperity and highlighted the improvement of key topline indicators to claim its efforts have been successful. Administration officials have pointed to an array of data, including the major stock indices, the jobs reports, and inflation rates, as evidence of an improving economic […]
Gen-Z are reeling in credit card debt
Young Americans are starting out with more credit-card debt than generations before them. That financial burden can have long-lasting effects. The rising debt load largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans. The average […]
Biden can no longer lie about failing economy
Last Thursday, the Bureau of Economic Analysis released its advance estimate for 2024’s first-quarter real GDP growth. At 1.6 percent, it is the worst quarterly performance since the economy contracted by 0.6 percent almost two years ago in the second quarter of 2022. This was a growth level one-third below economists’ expectations of 2.4 percent. […]
Stubborn Inflation Ticked Up In March
Inflation picked up slightly in March as Americans saw their paychecks rise and kept up a sturdy pace of spending, according to data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, rose 0.3 percent in March and 2.7 percent over the past year. […]
Is inflation ever going away?
The government announced Wednesday morning that inflation rose 0.4% in March, part of a 3.5% increase on an annual basis. The rise, which clearly means that inflation is not subsiding, took some big media outlets by surprise. The New York Times said the increase in prices was “unexpectedly sharp.” The Washington Post called it “hotter […]
Economy, abortion no longer #1 issue for voters
The economy has always been the top issue at the ballot box for 65-year-old Garfield Cousins. But this year Cousins, an independent voter in an Atlanta suburb, said the sustained surge of migrants at the southern border will for the first time drive his decision in a presidential election. While illegal border crossings have repeatedly […]
California’s economy is a “Hot Mess”
California’s economy has been increasingly struggling over the past several years as regulations, high taxes and poor governance have dampened business opportunities and sent citizens running, according to experts who spoke to the Daily Caller News Foundation. The unemployment rate in California jumped to 5.3% in February, the highest out of any state and Washington, […]
Trump says he hopes economy will crash soon
ormer President Trump said in an interview that aired Monday that he predicts the U.S. economy will crash and that he hopes it does so within the next year. In the interview with Lou Dobbs, Trump, the current front-runner in the GOP presidential primary race, explained that, if he were elected again, he would not […]