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Federal minimum wage has been $7.25 for 15 years. How that may change

by Adrian Jhonsan
Federal minimum wage has been .25 for 15 years. How that may change

Activists demonstrate in support of a $15-per-hour minimum wage and tips for restaurant workers in Washington, D.C. on Feb. 8, 2022. Mandel Ngan | AFP | Getty Images The federal …

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Categories World

59% of Americans wrongly think U.S. is in a recession, report finds

by Adrian Jhonsan
59% of Americans wrongly think U.S. is in a recession, report finds

Shoppers at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Gabby Jones | Bloomberg | Getty Images We are not in a recession “Right now …

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Categories World

Credit card debt and delinquencies are on the rise, reports find

by Adrian Jhonsan
Credit card debt and delinquencies are on the rise, reports find

Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per …

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Categories World

Back to school hauls follows TikTok’s underconsumption core trend

by Adrian Jhonsan
Back to school hauls follows TikTok’s underconsumption core trend

Customer shopping for school supplies with employee restocking shelves, Target store, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Just when it seemed more …

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Categories World

Record breaking summer heat waves prompt higher home cooling costs

by Adrian Jhonsan
Record breaking summer heat waves prompt higher home cooling costs

Visitors walk during a long-duration heat wave impacting much of California on July 9 in Death Valley National Park, California.  Mario Tama | Getty Images News | Getty Images Amid …

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Categories World

Retailers move toward ‘check zero’

by Adrian Jhonsan
Retailers move toward ‘check zero’

Nadya Lukic | E+ | Getty Images Most Americans may not even remember the last time they wrote a check. Only 15% of adults said they wrote a few checks …

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Categories World

Chance of Biden dropping out of presidental race is 40%, Stifel says

by Adrian Jhonsan
Chance of Biden dropping out of presidental race is 40%, Stifel says

There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls …

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Categories World

Young, wealthy investors are turning to alternative investments

by Adrian Jhonsan
Young, wealthy investors are turning to alternative investments

pixelfit | E+ | Getty Images Young, wealthy investors don’t want their parents’ investments. If you’re between the ages of 21 and 43 and have at least $3 million in …

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Categories World

Here is why Social Security cost-of-living adjustment may be lower in 2025

by Adrian Jhonsan
Here is why Social Security cost-of-living adjustment may be lower in 2025

Eva-katalin | E+ | Getty Images Retirees are still feeling the impact of higher prices. Yet one buffer for the effects of inflation — the Social Security cost-of-living adjustment, or …

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Categories World

Why consumers are spending so much this summer

by Monica Lozano
Why consumers are spending so much this summer

Taylor Swift fans queue outside Murrayfield Stadium in Edinburgh, Scotland, on June 6, 2024. Her fans, known as Swifties, had made the superstar $200 million in Eras merchandise sales as …

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