Americans’ “magic number” to retire comfortably in 2025 is $1.26 million, $200K less than the $1.46 million reported last year and nearly flat with 2022 and 2023 estimates. However, among Americans who have retirement savings, one in four (25%) say they have just one year…
Category: Economy
New Insights into Americans’ Priorities at the Grocery Store Unveiled by Marine Stewardship Council
In time for Earth Day, the Marine Stewardship Council (MSC) released new poll data revealing how Americans are balancing the rising cost of living while keeping the health of the planet top of mind. The poll demonstrated some concern for the environment…
Entrepreneurs who take funding from close family and friends are more likely to pursue lower-risk growth options
Entrepreneurs often lack resources and funding needed to launch a venture and reach out to family and friends for initial support. But is it always good for a startup when individuals close to the founder are asked if they want…
New Census Bureau Data on Marine Economy Reels in Details on U.S. Coastal Businesses Without Paid Employees
From sea to shining sea, with the Great Lakes in between, U.S. coastal areas provide cargo handling, port operations, fishing, shipbuilding/repairs, navigational services and vacation accommodations. All are integral to the U.S. marine economy. The U.S. Census Bureau earlier this year released…
NYSE Content Advisory: Pre-Market update + Wall Street sees highest volume in at least 18 years
The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on April 8th Watch NYSE TV Live every weekday 9:00-10:00am…
What Sources of Income Do People Rely On?
What share of older adults’ income comes from social insurance programs, such as Social Security? How does the share of income from earnings differ between men and women with similar levels of education? How do income sources change with age…
EU Responds to Trump’s Steel, Aluminum Tariffs with 50% Levy on All U.s. Bev/Al; Includes Other Goods
Calling new U.S. tariffs announced by President Trump on imports of European Union steel and aluminum “unjustified,” the EU Commission reimposed a 50% tariff on U.S. alcoholic and nonalcoholic beverages and other products effective April 1. The EU also put…
More People Moved Back Home at Height of Pandemic
People move all the time but at the height of the COVID-19 pandemic, a growing share of movers returned to their state of birth, a shift that began before the pandemic and gained even more traction at its peak. From…
Rising Home Equity Boosted Household Wealth During Pandemic
The median net worth of U.S. households increased about $40,000 from 2019 to 2022, primarily due to rising home equity during the COVID-19 pandemic. According to the U.S. Census Bureau’s Survey of Income and Program Participation (SIPP), median household net worth…
Harris Economic Plan Appeals Across Party Lines
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…