U.S. consumers are growing more optimistic about the state of the economy, according to the Conference Board’s index of consumer confidence. The index jumped to 101.8 in September from 86.3 in August, the biggest increase since April 2003. As the labor market continues to improve and the coronavirus surge that many parts of the country […]
American families saw increased net worth and income in the years leading up to the pandemic, according to the Federal Reserve’s Survey of Consumer Finances. The survey, which is conducted every three years, found that the median net worth for U.S. households rose 18% to $127,000. The increase was driven primarily by increases in stock […]
Shipping containers have become an important economic indicator, with economists analyzing who is buying them, when, and where to determine the international flow of imports and exports. Shipping rates have surged recently, breaking records for imports from China to the U.S. Most economists believed that this was a temporary surge, driven by preparation for a […]
With everyone working from home, tea has become a more popular beverage. It was already the most popular beverage globally, aside from water, with an estimated 3.7 billion cups consumed daily, according to reporting in the Wall Street Journal. Even with restaurants and cafes closed, it is increasing in popularity with Americans stuck at home, […]
The economy has seen a moderate increase in inflation recently, and the Fed rewrote its rules to allow inflation to run higher than its standard 2% target, with some economists welcoming higher inflation after a prolonged period of weak inflation. The average consumer, however, is already feeling the impact of higher prices post-pandemic and is […]
