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Rising household debt and shrinking incomes are setting the stage for a recession, top economist says
The US economy has two imbalances that could tip it into a downturn, according to economist David R…
Jennifer Sor
India to remain fastest growing major economy in 2024-25, says CEA Nageswaran
India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V An…
ANI
Budget A-Z, for the GenZ: A fun and handy guide for major terms around upcoming Union Budget
From fiscal deficit to GDP, understand key terms to navigate the financial landscape and make the m…
The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says
The top 10% of Americans have gained a whopping $30.5 trillion in wealth since 2020, according to F…
Jennifer Sor
With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?
Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…
A guaranteed basic income program helped a millennial afford a crib for her newborn when her income dipped during maternity leave
Tatiana Lopez, 39, is a new mom. She's receiving a $500 monthly guaranteed basic income through Fli…
Allie Kelly
Incomes are either rising too slowly or falling at the lower end of the bracket
India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…
Biden announces plan to cap rent increases at 5% for half of American rental households
A record number of renters can't afford their housing costs. Biden wants to discourage big rent inc…
Eliza Relman,Dan Latu
Economic Survey 2023-24: Where does India stand on the employment, and what's next?
While the agriculture sector has grown at about 4.18% at constant prices over the last 5 years, Ind…
Philadelphia is experimenting with guaranteed income pilots for pregnant people and housing insecure families
Philly Joy Bank and PHLHousing+ are guaranteed basic income pilots in Philadelphia offering familie…
Allie Kelly
The educational gap between poorer and richer households is growing in India and much of Asia, thanks to climate change
According to a UNESCO report, high temperatures are leading to poorer grades and worsened performan…
Financial constraints often trap domestic violence victims. Los Angeles thinks a basic income is a solution.
A basic income pilot in LA not only improved food and housing security, it helped people leave abus…
Katie Balevic,Kenneth Niemeyer
Nvidia is no household name — but may soon overtake Microsoft and Apple
Nvidia's valuation is now less than $400 billion behind Microsoft, meaning the chipmaker could soon…
Theron Mohamed
2 St. Louis residents are suing the city's basic-income program in an attempt to halt what they call 'unconstitutional' $500 monthly payments to low-income families
St. Louis is giving low-income families $500 monthly, but a lawsuit aims to block the guaranteed-ba…
Allie Kelly,Noah Sheidlower
Meet the new moms using up to $700 in monthly basic income to afford childcare. It could be the answer to helping parents stay employed.
Guaranteed basic income helps some parents pay for childcare — participants and experts say it lead…
Allie Kelly
A New York basic income participant used his monthly $1,000 to pay bills and launch a nonprofit
Kenneth McQueen, 35, received $1,000 a month through a New York guaranteed basic income pilot. He u…
Allie Kelly
At Rs 2 lakh per year, Indians are among the top spenders on clothing globally: Study
Things like rapid urbanisation, westernisation, our increasing disposable incomes and a growing you…
Million-dollar income households are renting — not buying — more than ever
There were about 4,500 households with incomes more than $1 million that were renting in 2022 — fou…
Lloyd Lee
The biggest basic income pilot in the US found that it didn't stop participants from working and helped get their families into safer situations
A basic income pilot in Los Angeles saw increases in the quality of life for participants and their…
Noah Sheidlower,Katie Balevic
A basic income program helped struggling kids enjoy huge success — and even become Olympians
A basic income program in rural Romania put one child on the path to jobs at Electronic Arts and Mi…