by Max Zahn | May 31, 2018 | Uncategorized
April’s personal income and outlays report will be released Thursday. Economists predict steady gains in Americans’ income and spending, as well as slowed growth for the personal consumption expenditures index, a measure of inflation that jumped in March. Here are...
by Max Zahn | May 30, 2018 | Uncategorized
by Max Zahn | Apr 6, 2018 | Personal Income
Americans stashed rather than spent their initial earnings boost from the recently passed Republican tax cuts, putting off the economic surge many onlookers expected. Consumer spending grew at a sluggish 0.2 percent pace in February, the first month companies adjusted...
by Max Zahn | Mar 30, 2018 | Employment
Shannon Johnson eats one meal per day, often consisting of a can of tuna and celery sticks. Her job in food service at Disneyland Resort, a set of hotels next to the theme park in Anaheim, California, pays an hourly wage of $11, the state minimum. When she leads a...
by Max Zahn | Mar 5, 2018 | Personal Income
The Trump tax cuts spurred a sharp increase in Americans’ take-home pay at the outset of 2018. After-tax income grew at a rate of 0.9 percent in January, the fastest growth of any month since December 2012, according to a report released by the Bureau of Economic...