You Searched For "lower income households" and got 18 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
4 mins read
A couple who moved from Hawaii to Colorado for a lower cost of living are struggling to afford a home on a six-figure income
A millennial couple who earn $110,000 say homeownership feels out of reach in Colorado. They're try…
Jacob Zinkula
3 mins read
A new housing plan wants to give middle-class Americans the kind of support typically reserved for low-income households
The HOMES Act would cap rent at 25% of tenants' incomes, and offer homebuyers affordable mortgages.
Eliza Relman,Juliana Kaplan
3 mins read
Trump's plan for Social Security will help baby boomers in the short term and cut benefits for anyone younger
Trump promised to cut Social Security taxes. Experts say the plan could slash benefits for low-inco…
Allie Kelly
6 mins read
The basic income myth: cash discourages work
Guaranteed basic income critics often argue cash discourages work. Experts and participants say tha…
Allie Kelly
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
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%…
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
2 mins read
A Walmart exec explains the surprising reason low-income shoppers pay for a delivery membership
Shoppers who receive government assistance are "doing the math" on gas and public transportation co…
Dominick Reuter
3 mins read
Vinod Khosla says universal basic income may be needed as AI takes over jobs and drives wealth disparity
Investor Vinod Khosla predicts AI will handle 80% of work in 80% of jobs. That could drive a need f…
Tim Paradis
3 mins read
Auto parts and dollar store execs warn that low-income Americans are stretched thin and running on borrowed time
Auto parts and dollar stores serve a lot of customers who earn less than $50,000, and the squeeze o…
Dominick Reuter
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
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
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
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
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
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
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…