Vice President Kamala Harris formerly accepted the Democratic Nomination for President of the United States last night, and her economic policy agenda announced last week is largely popular among Americans. The platform focuses on cutting the cost of living: primarily…
Category: Economy
About 20% of Parents Reported Difficulty Getting Infant Formula in Summer 2023, Down 35% from Fall 2022
In 2022, the United States experienced an infant formula shortage [PDF 10.4 MB] due to the COVID-19 pandemic, a large voluntary recall, and related supply chain issues. Data show that ‘obtained formula at a different store than where they usually shopped’ was…
Pandemic’s Impact on Indoor and Outdoor Recreation Revenue
The U.S. Census Bureau’s Service Annual Survey (SAS) provides a detailed look at estimated revenue of employer firms for select indoor and outdoor recreation industries affected by COVID-19 and a glimpse into their recovery. Many fitness, recreation and other social activities moved outdoors when…
Supplemental Poverty Measure in 2022 Higher Than Pre-Pandemic Level
The Supplemental Poverty Measure (SPM), which includes government assistance, increased to 12.4% in 2022 from 7.8% in 2021, according to U.S. Census Bureau data released today. The 2022 poverty rate was also 0.6 percentage points higher than the pre-pandemic rate…
2022 Income Inequality Decreased for First Time Since 2007
Income inequality declined in 2022 for the first time since 2007, due primarily to declines in real median household income at middle and top income brackets, according to the Income in the United States: 2022 report released today. The report shows real…
Even in an Uncertain Economy, the Wealthy Will Continue to Travel, Napa Valley Tourism Reports
On August 30, Visit Napa Valley released its travel trends for its second quarter, revealing that hotel stays are a key metric in its continued recovery from the COVID-19 pandemic. Luxury hotels saw the most notable growth, which accounts for…
Most Americans say 2022 Was A Bad Year for U.S., Worry About The Economy
Most Americans say 2022 was a bad year for the country and themselves but it was still better than 2020 or 2021, per a poll from YouGov/Economist. Opinions on how the country is doing and where it is going vary…
Americans Divided on if Congress Should Raise Debt Ceiling
In order to prevent the Government from defaulting on its financial commitments, the United States Congress will need to raise the debt celling in the next few months, it is a tale as old as time. But polling from YouGov/the…
U.S. Poverty Rates Differ by Age and County
New 2017-2021 American Community Survey Data Show Child Poverty Declined but Remained Higher Than Overall Rate Poverty rates for children (under age 18) in U.S. counties are wide-ranging, from less than 1.0% to 72.7%, according to the American Community Survey (ACS)…
Housing Costs a Big Burden on Renters in Largest U.S. Counties
Renters More Likely Than Homeowners to Spend More Than 30% of Income on Housing in Almost All Counties Over 19 million U.S. renter households spent more than 30% of their income on housing costs in 2021, according to data from…