You Searched For "lower income households" and got 20 results
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2 mins read
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
3 mins read
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…
4 mins read
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%…
5 mins read
Illinois is launching a basic income pilot for 400 families in the child welfare system in the hopes of reducing maltreatment
Illinois' guaranteed basic income program will give no-strings-attached cash to families in the chi…
Allie Kelly
2 mins read
Stock market today: Indexes close lower as comeback rally loses momentum
Stocks were dragged lower as investors continued to fret over recession risks and took in weak corp…
Jennifer Sor
2 mins read
The US economy is in a 'selective recession' as lower-income consumers can't cover the cost of living, JPMorgan says
Lower-income Americans are can't keep up with the rising cost of living and have blown through thei…
Jennifer Sor
4 mins read
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
1 min read
A soft landing will be tough to achieve, and inflation has hit lower-income Americans hard, Citi CEO Jane Fraser says
"It's hard to get a soft landing," Citi's CEO Jane Fraser told CNBC on Monday. "We're hopeful, but …
Yuheng Zhan
5 mins read
75 artists received $9,000 each in a basic income trial. The cash helped a yarn guru to buy a house and a new car.
Fiber artist Tori Hanna used the $500 a month to replace her damaged car, cover debts and bills, an…
Theron Mohamed
4 mins read
Lower interest rates could be coming soon. Here's what's at stake if they aren't.
Interest rate cuts could finally come this year. Economists explained the benefits of rate cuts and…
Madison Hoff,Ayelet Sheffey
3 mins read
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
6 mins read
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
3 mins read
India poised to become world's third largest consumer market by 2026 outpacing Germany, Japan
According to recent data, India is expected to outpace Germany by 2024 and Japan by 2026, solidifyi…
ANI
2 mins read
10 cities where Social Security and retirement incomes are the highest
Arlington, Virginia ranked highest in retirement account and Social Security income, followed by Ca…
Noah Sheidlower
4 mins read
A new Houston-area basic income program sending out $500 a month to residents with no strings attached had an acceptance rate lower than Harvard or Yale
Uplift Harris, a guaranteed income program in Texas, accepted just over 2% of applicants, or nearly…
Noah Sheidlower
2 mins read
You must earn over $128,000 to be middle class in parts of the Bay Area. See the income thresholds in other major US cities.
A Business Insider analysis reveals the household income needed to be middle class in major US citi…
Noah Sheidlower
4 mins read
Meet the 'disconnected youth': A growing group of Gen Zers who aren't working or going to school
A growing group of Gen Zers aren't working or going to school.
Juliana Kaplan,Ayelet Sheffey,Noah Sheidlower
4 mins read
Inflation burns a hole in the pockets of India’s lower income households. From FMCG goods, flip flops to crackers, consumption takes a backseat
“Most of my pricey range of rockets and more were sold but at the lower end, there are barel…
4 mins read
Kenya is experimenting with universal basic income. Here's what the US could learn about no-strings payments.
Kenya's universal basic income program, which will continue through 2030, is offering no-strings ca…
Allie Kelly
3 mins read
Deloitte projects India's FY25 GDP growth at 6.6%
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal…