Economy & Society

Intense Demand and Low Mortgage Rates Send Home Prices to Record Highs
Home values continue to rise at a historic monthly pace, growing 1.1% from December to January.Phoenix is booming, recording the highest annual growth in both home values (17.1%) and typical rent (8.4%) among the nation's largest metros.
TIME 2021 List of The Next 100 Most Influential People in the World
TIME reveals the 2021 TIME100 Next list, an expansion of the flagship TIME100 franchise that recognizes 100 emerging leaders who are shaping the future of entertainment, health, politics, business and more.
Median Home Sale Price Increases 15% to $318,750
Redfin reports median prices rose 15%, pending home sales were up 29%, and new listings fell 11% from the same period a year earlier.
American Consumers Turn to Stock Market amid Pandemic Restrictions
Record-high stock valuations—and fewer things to spend on as COVID-19 restrictions enter a second year—are enticing more US consumers to invest extra cash in the stock market.
Wildfires Driving Strong Concern about Climate Change
The Western wildfires are driving strong concern about climate change, with nearly three quarters of Americans (73%) saying recent weather events have made them more concerned about the impacts of climate change
The first comprehensive study of state-by-state reopenings shows ad hoc policies exacerbate COVID
Uncoordinated opening, closing, and reopening of states and counties is making the COVID problem worse in the U.S.,
Millions Sign Petition to Shut Down Pornhub For Alleged Sex Trafficking Videos
With signers from 192 countries, anti-trafficking expert Laila Mickelwait's "Traffickinghub" petition to shut down Pornhub for allegedly enabling and profiting from the sex trafficking and rape of women and children.
More Than Half of Americans Have Avoided Medical Care Due To Cost
If there is one thing a majority of Americans can agree on, it's that healthcare costs are too expensive and they hospitals to be upfront pricing and costs before treatment.
A Quarter of Asian American and Pacific Islander Californians Are Struggling with Poverty
23% of Asian Americans and Pacific Islanders (AAPI) in California are working and struggling with poverty.
Survey Finds Three-Quarters of Americans (75%) Feel Lonely
A new survey finds 75% of American adults feel a sense of loneliness—an increase from the 72% reported in the 2016 AOA Loneliness in America poll.
Spending on U.S. Credit, Debit, and Prepaid Cards to Top $10 trillion
Spending for goods and services initiated by credit, debit, and prepaid cards issued in the United States, which totaled $7.266 trillion in 2018, is projected to reach $10.086 trillion in 2023.
1 in 3 Cardholders Are in Credit Card Debt Due to Medical Bills
One in three cardholders are in credit card debt due to medical bills. Of those who paid a medical bill with their credit card, almost 10% owe at least $10,000.
Consumers are Approaching the Holiday Season Eager to Spend
Consumers are entering the holiday season in a highly festive mood, with intentions to spend about $675 on gifts this season. An increase over last year's spending estimate of $627.
Health Care, Mass Shootings, 2020 Presidential Election Causing Americans Significant Stress
A year before the 2020 presidential election, Americans report various issues in the news as significant sources of stress, including health care, mass shootings and the upcoming election
Fall Semester - A Time for Parents to Discuss the High Risk Drinking Among College Students
As college students arrive on campus this fall, it's a time of new experiences, new friendships, and making memories that will last a lifetime. Unfortunately for many, it is also a time of harmful and underage drinking and dealing with its aftermath.
Summer Isn't the Only Time for Fitness
As summer approaches, a lot of people are beginning the yearly cycle of worrying over a beach body and being summer ready. But health and fitness are year-round issues to keep in mind.
Study Reveals Loneliness at Epidemic Levels in America
A national survey exploring the impact of loneliness in the United States reveals that most American adults are considered lonely.
More than 4 in 10 Americans Live with Unhealthy Air
American Lung Association's 19th annual air quality report finds ozone pollution worsened significantly, 133.9 million people at risk from air pollution.
2018 Best Places to Live
The new list ranks the country's 125 largest metropolitan areas based on affordability, job prospects and quality of life. Austin, Texas, took the No. 1 spot for the second year in a row, with Colorado Springs, Colorado, taking the No. 2 spot.
Top U.S. Cities in Solar Power Expansion
Solar power is expanding rapidly. The United States now has over 53 gigawatts (GW) of solar photovoltaic (PV) capacity installed – enough to power 10.1 million homes and 26 times as much capacity as was installed at the end of 2010.
Living Abroad Leads to Clearer Sense of Self and Career Decision Making
Living abroad can clarify your sense of self, according to new research by a team of social scientists at Columbia Business School, Rice University, and the University of North Carolina.
Growth Needed to Offset GOP's Tax Bill Heading to be Out of Reach
The economic growth needed to offset last year's GOP tax bill could be out of reach as customer satisfaction stalled toward the end of 2017.
Sunday's Football Rematch: A Tale of Two Cities' Home Prices Since 2005
The New England Patriots and Philadelphia Eagles have had 2 weeks to rest, strategize and get pumped up for today's big game. Here's how home prices have moved from the last time – in 2005 – these two played each other in the championship game.
What Americans Regret about Money -- and the 2018 Financial Resolutions They Promise to Keep
As January ends and the holiday bills start to roll in, reports survey finding about American's money regrets and hopes. Over 77 percent said they are making financial resolution in 2018. only 43 percent said they made them in the past.
2018 Best Countries Report: Switzerland Is the No 1 Country in the World
Switzerland held its position as the No. 1 country in the world, according to the 2018 Best Countries report, a rankings and analysis project by U.S. News & World Report, Y&R's BAV Group and the Wharton School of the University of Pennsylvania.
The New Year Marks Healthiest Credit Score for U.S. Consumers Since 2007 - Average at 675
The nation's average credit score is up two points to 675 —from 673 last year— and is just four points away from the 2007 average of 679.
Americans Continue To Move West And South
Americans are moving westward, flocking to the Mountain and Pacific West, while the Northeast and Midwest continue to lose residents.
Report: Exhausted Employees Cost American Companies Millions of Dollars Annually
A U.S. employer with 1,000 workers stands to lose about $1.4 million each year in absenteeism, diminished productivity, and healthcare costs because of exhausted employees, many of whom have undiagnosed and untreated sleep disorders.
57% of Americans Have Less Than $1,000 in Savings
Millennials are more likely than other generations to have nothing saved, while adults 65 and older are more likely to have $10,000 or more in a savings account.
Living Paycheck to Paycheck is a Way of Life for Majority of U.S. Workers
Do you count down to payday? You're not alone. More than three-quarters of workers (78 percent) are living paycheck-to-paycheck to make ends meet — up from 75 percent last year and a trait more common in women than men — 81 vs. 75 percent.
FDA warns of potential contamination in multiple brands of drugs, dietary supplements by PharmaTech
The U.S. FDA is advising consumers and health care professionals not to use any liquid drug or dietary supplement products manufactured by PharmaTech LLC of Davie, Florida, and labeled by Rugby Laboratories, Major Pharmaceuticals and Leader Brands.
Employees Waste More Than One Day a Week Using Mobile Device for Non-Work Activities
If you've ever felt there's not enough time in the work week, your cell phone may be to blame. Professionals surveyed by OfficeTeam said they squander five hours a week, using their mobile device for non-work activities in the office.
America's Opioid Crisis: A National Town Hall
How can people who narrowly survive a drug overdose put their lives in danger again by immediately returning to substance use? And what can be done to put them on the road to recovery rather than back on the path of addiction?
American household debt totaled a record $12.73 trillion as of March 2017, so cost of living concern
American household debt totaled a record $12.73 trillion as of March 2017, so cost of living concerns are more pertinent than ever.
Cash In At Work Or Clean Up At Home?
Study Reveals Tasks People Would Rather Do Than Ask for a Raise; How Employee Confidence Has Changed Over Three Years.
What You Need To Make In Every State To Send Your Kid To College
With tuition on the rise, more people are taking out student loan. According to the Federal Reserve Bank of NY, Americans owe $1.34 trillion in student loan. There is another way to finance higher education and that is to pay for it outright.
Twitter is the Prime Social Media Network for World Leaders
Pope Francis is the most followed world leader on Twitter with a combined total of 33,716,301 followers on his nine language accounts, ahead of U.S. President Donald Trumps and Indian Prime Minister Narendra Modi.
U.S. labor market tightening; productivity drops in first quarter
New applications for U.S. jobless benefits fell sharply last week and the number of Americans on unemployment rolls hit a 17-year low, pointing to a tightening labor market that could allow the Federal Reserve to raise interest rates next month.
Immigrants' Strong Desire for Homeownership Will Shape U.S. Housing Markets
The housing and neighborhood location choices of immigrants will have a significant impact on urban growth in the U.S. for decades to come, particularly as more foreign-born residents seek to own homes in suburban communities.
Small Business Owners Optimistic About Current and Future Conditions
Small business owners are feeling good about sales, the economy and future conditions, with women- and millennial-owned businesses reporting significant increases in sentiment and expectations for the future. But hesitant to hire.
Parents Are Likely To Pass Down Good And Bad Financial Habits To Their Kids
Positive money behaviors among kids are associated with parents' decision to let their kids decide how to manage their money. Conversely, troubling financial habits among kids were frequently seen when parents have a troubling history with money.
Gender Equality: Albuquerque Ranked #1 Nationwide
Trulia recently ranked the 100 largest U.S. metros by how far women have come to achieving gender equality with regard to owning a home, attending at least four years of college and getting paid. Albuquerque, NM, ranked first in the nation.
Majority Of Illinois Voters Support A Sugary Drink Tax To Address Budget Deficit
A majority of Illinois voters support a penny-per-ounce tax on sugary drinks to help address the state's budget deficit, according to a poll released today by the American Heart Association (AHA).
Uber Drivers Want Tips
How much e-hail drivers earn has long been a source of contention in the taxi industry? The drivers say they need gratuities to make a living wage. And they may soon have research that backs them up.
Student Debt in America Has Hit a New Record
Total U.S. student debt hit a record $1.31 trillion last year, the 18th consecutive year Americans' education debt rose, according to the Federal Reserve Bank of New York.
The No. 1 Thing Americans Plan to Do With Their Tax Refund
Of those who expect to receive a refund, 79 percent plan to put it into savings or use it to pay off debt, up four percent from last year's survey results.
The Sheer Size of California's Economy
State politicians have touted California’s economy as being so big it would be the sixth largest in the world, but what they don’t tell you is the high cost of living knocks it down a few notches.
Generation Z (Age 13-18) Eager for Cultural Exploration, Mindful of Security and Affordability
The idea of cultural exploration is an exciting one for Generation Z. Of the more than 5,000 teenagers aged 13-18 who responded, 60 percent indicated they have already considered an exchange.
Hawaii Bills To Enforce Internet Sales Tax Collection
Lawmakers are advancing an assortment of bills this year to begin collecting state excise taxes that are owed for online sales of retail products, a step that one lawmaker estimates might haul in an extra $80 million a year for the state treasury.
How Budweiser Created an Epic Immigrant Story to Reclaim the Super Bowl Spotlight
The ad, dubbed “Born the Hard Way,” isn’t just an opportunity for Budweiser to tout its heritage.
Immigrants are key to Minnesota's future prosperity
Minnesota is in for at least two decades of slow or no economic growth unless it can attract more immigrants and more quickly put them to work.
U.S housing starts surge in December; jobless claims lowest in decates
U.S. homebuilding rebounded more than expected in December as a strengthening economy boosts demand for rental housing. The number of Americans filing for unemployment benefits unexpectedly falling last week to a near 43-year low
Experts Recommend 7-8 Hours of Sleep Each Day for Better Brain Health
If you want to maintain your brain health as you age, then get the recommended seven to eight hours of sleep per day, according to a new consensus report issued today by the Global Council on Brain Health (GCBH)
Brands Get Ready - Gen Z Are Growing Up and Ready to Challenge
A new AdReaction study from Kantar Millward Brown reveals Gen Z has its own distinct behaviours, attitudes and responses to advertising. The study is the first comprehensive global study of Gen Z.
Fast Food CEO Says Higher Minimum Wage Boosts Business
When California began raising its minimum wage two years ago, Bill Phelps and his investors were worried. Phelps is now convinced minimum wage increases aren’t bad for the fast food business; in fact, he says, they’re great.
Why Finland is ahead of the US with guaranteed income
Finland just rolled out a pilot program to test universal basic income, or UBI. And while the idea of regular cash handouts may sound tantalizing, out-of-work Americans shouldn't hold their breath.
California consumer confidence hits nine-year high
The Conference Board’s consumer confidence index for California rose in December to its highest level since October 2007.
U.S. Housing Worth Record-High $29.6 Trillion in 2016
- Los Angeles is the most valuable metro, worth $2.5 trillion. - Portland, Ore. had the biggest increase among the largest housing markets, growing 13.4 percent in 2016. - Renters paid $478.5 billion in 2016, a 3.8 percent increase from 2015.
Census Bureau Projects U.S. Population at 324.31 Million and World's at 7.36 Billion
The U.S. Census Bureau projected the U.S. population will be 324,310,011 on Jan. 1, 2017. Since Census Day (April 1) 2010, the population has grown by 15,564,473, or 5.04 percent.
Hawaii paid $112M in renewable energy credits in 2014
New figures show Hawaii paid out $112 million in tax credits for renewable energy investment in 2014, the largest state tax credit that year.
U.S. housing, consumer confidence data bolster 2017 economic outlook
New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year.
Minimum Wage Hikes Cause Job Loss? Economists Say NO
Employer associations are predicting a raise in the federal minimum wage will cause employers to lay off workers. According to a new study, this is a false alarm.
Biotech Industry to get $500 Million Boost from New York Ciity for Job Growth
Up to $500 million has been set aside to spur job growth within New York City's life sciences sector.
Federal Reserve Raises Key Interest Rate
America's central bank is nudging its benchmark interest rate higher, announcing a move from the current 0.25-0.50 percent to a range of 0.50 and 0.75 percent.
IKEA to Offer All Its U.S. Employees Paid Parental Leave
IKEA will offer all its US employees up to four months of paid parental leave, making the retailer one of the first companies to extend benefits to hourly employees that are usually available only to white-collar workers.
In California, Squid Is Big Business. But Lion's Share of Squid Consumed In the U.S. Is Imported
While the U.S. has a thriving squid industry, chances are the calamari you are eating made a 12,000-mile round trip before ending up on your dinner plate.
Thanksgiving: When It Started and Other Info
Today is Thanksgiving Day. One of the most traditional of American holidays, it's thought to have begun in 1621 in Plymouth, Massachusetts.
Thanksgiving Pie Report: By the Numbers
According to a Delta Dental survey, out today, favorability of pumpkin pie hovers around thirty-six percent with American adults, more than double that of American's next favorite Thanksgiving pie, pecan (15 percent).
Wyoming Advances Bill to Tax Online Sales
A committee of state lawmakers voted Friday to advance a bill that would require large online retailers to collect sales tax on purchases made by Wyoming customers.
Panic in housing market as Trump effect pushes mortgage rates to 4%
More selling in U.S. bond markets Monday pushed mortgage rates to a psychological breaking point.
US Economy Adds Jobs, Unemployment Improves to 4.9 Percent, Wages Edge Up
U.S. jobs continued to rise at a steady pace in October and wage gains accelerated.Wage gains picked up, with average hourly earnings rising 0.4 percent from a month earlier to $25.92
Lexus, Toyota and Buick Top Three Brands in Auto Reliability
Two Toyota Motor Corp brands again led the annual reliability survey from Consumer Reports magazine, and General Motors Co's (GM.N) Buick was the first American brand in at least 35 years to crack the top three.
City Leaders: Infrastructure Investment and Economy Strengthening Top Issues for Clinton or Trump
A quick poll of America's mayors and councilmembers found that infrastructure investment and strengthening the economy are the most pressing issues that Hilary Clinton or Donald Trump should address in their first 100 days if elected to office.
Self-driving cars coming soon to all California roads?
California regulators ask the public to critique proposed regulations that would — eventually — allow self-driving cars that lack a steering wheel or pedals on public roads.
Cost of Living Rise at the Fastest Pace in Five Months
The cost of living in the U.S. rose at the fastest pace in five months on energy and shelter prices.
5 signs you can't afford to move to New York City — even if you feel wealthy
Living in New York City is expensive — even if you have a high-paying job.
Ranking of Best Business Schools in New York, Michigan, Ohio, and Chicago
College Choice, a leading authority in college and university rankings and resources, has published its 2016 rankings of the Best Business Schools in New York, Michigan, Ohio, and Chicago.
What the 2016 Election Means for Investing and the Markets
For investors, weathering the rhetoric of Election 2016 is critical. According to experts at Fifth Third Bank by maintaining a steadfast focus on fundamental investment goals and strategies, investors can make it through fluctuations and uncertainty.
Arkansas Casino Backers Project Tax Revenue Boost, Opponents Say It Is Propaganda
Supporters of a plan to legalize casinos in three Arkansas counties are projecting an additional $122 million in tax revenue each year and thousands of new jobs, but opponents of the ballot measure are rejecting the study as "propaganda."
South Florida Services, Businesses Begin to Reopen After Matthew Passes
With Hurricane Matthew no longer a threat to the area, businesses and public services were among those who were reopening on Friday.
Jobless claims fall, point to labor market strength
The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low.The unemployment rate is seen holding steady at 4.9 percent.
The U.S. Government No Longer Controls The Internet
The U.S. government just relinquished control over one very large entity — the internet. As of Saturday, October 1, the NTIA no longer exercises control over the Internet Corporation for Assigned Names and Numbers (ICANN)
Climate Friendly Cars A Better Bet For Your Pocket
It has been a common belief that low-emissions vehicles, like hybrids and electric cars, are more expensive than other choices. But a new study finds that when operating and maintenance costs are included cleaner cars may actually be a better bet.
Chinese Tourists to Las Vegas Are Projected To Increase
Las Vegas needs to better prepare for a projected increase in tourists — particularly from China, the head of the U.S. Travel Association said Thursday.
Pew Research Center: Unauthorized Immigrant Population Declines In Nevada
The PEW Research Center reported today that Nevada saw a decline in “unauthorized immigrant populations.” While the numbers rose in six U.S. states, Nevada was one of seven states that saw a decline.
Northern Nevada economic growth
Economically, northern Nevada is more connected to northern California, and southern Nevada more connected to southern California and Phoenix than they are to each other.
Nevada Committee Approves $750M Public Funding Plan For Raiders Stadium
The Southern Nevada Tourism Infrastructure Committee on Thursday unanimously recommended $750 million worth of public funding for a proposed $1.9 billion NFL stadium in Las Vegas, according to reports.
Nevada Unemployment Rate Down
Nevada’s unemployment rate fell to a seasonally-adjusted 6.3 percent in August, according to a news release from the Department of Employment, Training & Rehabilitation. This is down 0.3 of a percentage point over the year.
Nevadans to vote on breaking up energy monopoly
A proposed ballot measure called the Energy Choice Initiative aims to deregulate electrical service in Nevada, opening up the market to providers other than NV Energy — the sole provider in most parts of the state.
Nevada 6th In Unemployment, 11th in Foreclosed Homes Among States
The numbers indicate a slow but steady economic recovery that has the Silver State moving from eighth place to 11th in percentage of foreclosed homes and third place to sixth in unemployment.
Solar Economy’s Departure Is Damaging For Hispanics
With more than 200,000 jobs and nearly 20 percent Hispanic nationwide, the solar industry is just starting to give us a glimpse of what a clean-energy future will look like. Unfortunately, the clean-energy has basically been shown the door in Nevada.