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According to data from the U.S. Bureau of Labor Statistics (BLS) 2023 Consumer Expenditure Survey, the average household spent $77,280 on various necessary expenses (food, housing and ...
A new survey from the National True Cost of Living Coalition shows that 65% of Americans who are usually identified as "middle class" (defined as earning more than 200% of the federal poverty ...
Those with annual incomes of less than $50,000 reported feeling the most financial stress, with 53 percent saying they feel stressed by money, compared with 40 percent of those making $100,000 or ...
While economists are having trouble predicting if and when a recession will hit, many Americans believe one is inevitable. Three-quarters of Americans (75%) worry there will be a recession in 2023,...
It shows that even lower income quintiles still had sizable gains in income, although not as great as the top quintile. [2] Americans have the highest income inequality in the rich world and over the past 20–30 years Americans have also experienced the greatest increase in income inequality among rich nations.
American cardholders paid a record $130 billion in interest and fees in 2022, according to a new CFPB report. More Americans face 'persistent debt' as interest rates and fees rise, report shows ...
Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to socioeconomic mobility, and the advertisement appealed to Americans' belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution.
One of the most generous was Capital One, which routinely boasted in its advertisements that its "360 Savings" account paid "one of the nation's" top," or "best," or "highest" interest rates.