American economy articles
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Americans less confident about economy, poll shows
(The Center Square) – Newly released survey data shows that Americans are less confident about the economy. Gallup’s recently released economic confidence rating dropped from March to April as inflation remains elevated. Just after the polling was conducted from April 1-22, the federal government released underperforming Gross Domestic Product data. “This is the first time in five months that confidence has not seen a marginal improvement, and the first decline in...
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Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
Older Americans are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth — than ever before.
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Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts
Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that, along with a trip next year to neolithic sites in Great Britain. “I really have more money to spend now than when I was working,” said Harris, 64, an engineer who worked 29 years for the federal government and lives in...