Results for "economy"95 results found.
Biden to Compensate Immigrant Families Separated at Border

President Joe Biden is working with the Department of Justice to make amends with the families affected due to Trump’s zero-tolerance policy. To make amends, Biden is planning to financially compensate families who were separated at the border.

by Viviana Vazquez
The U.S. Inflation Rate is at Its Highest Since 1990

The Bureau of Labor Statistics recently reported that the inflation rate for the past year had surpassed six percent. Protect yourself from inflation by investing your money through these methods.

by Viviana Vazquez
How to Save Money When Grocery Shopping

Rising prices, known as inflation, typically increase year after year to somewhere around 2%. According to the United States Bureau of Labor Statistics, food prices have increased by 4.6% over the past 12 months.

by Sha'Kreshia Terrell
These Drive-Thru Bots Are Replacing Fast-Food Workers

Over the past couple of years, McDonald’s has been heavily investing in tech startups to help them put AI in their locations. McDonald’s wishes to use AI in its locations to minimize error, improve efficiency, and increase productivity.

by Matin Varshochi
Holiday Spending Expected to Reach a Record High This Year

With this year’s holiday season right around the corner, it is the best time for businesses to increase their profits. As the economy is returning to normal, consumers are expected to spend between $843.4 billion and $859 billion.

by Nailah Herbert
How the Worker Shortage Caused a Global Supply Chain Crisis

As the economy returns to its normal state rather quickly, some supply chain issues have caused pent-up demand. The shortage is causing store shelves to remain empty, leading to higher prices for consumers.

by Nailah Herbert
BITO Debuts on the NYSE, and Bitcoin Reaches All-Time High

Bitcoin’s price surged to an all-time high of $66,974 on Wednesday, October 20, 2021. Many speculate the price increase was due to Bitcoin’s futures ETF, BITO, debuting on the New York Stock Exchange.

by Viviana Vazquez
How the Debt Ceiling Crisis is Affecting the U.S. Government

The federal government has been struggling to develop a solution to its public debt crisis. Unfortunately, the Republican and Democratic parties have opposing approaches about how to resolve this significant issue. However, if the government fails to bring about a resolution by around October 18, it could result in a major financial crisis for the United States of America.

by Viviana Vazquez
Millennials are Making Six Figures, Yet Still Live Paycheck-to-Paycheck

Millennials are making six figures in income, but more of them live paycheck-to-paycheck than any other generation.

by Viviana Vazquez
China Bans Crypto, and Here’s Why

The Chinese central bank released a statement on Friday, September 24, 2021 stating that they are prohibiting the use and mining of all cryptocurrencies.

by Viviana Vazquez
The U.S. Economy is in a Housing Crisis. Here’s Why.

Since 2010, the average cost of a house has risen by 20%. These price increases have made it increasingly difficult for young people to be able to purchase a home.

by Nailah Herbert
Biden Proposes to Allow IRS to Watch Bank Accounts over $600

One of the American Families Plan’s goals is to allow the IRS to monitor transactions of bankers over $600 to ensure that people are not lying about their taxable income.

by Viviana Vazquez
Used Car Prices are at an All-Time High

Typically, new and used vehicles decrease in value each year. However, the average price of used cars has increased by 4.9% over the past year. As a result, many used car owners have become intrigued to sell their used cars for profit.

by Sheena Allen
Social Security Funds Are Expected to Run Out by 2033

A report released in early 2021 indicated that the money in the Social Security Trust Funds is expected to run out by 2034.

by Viviana Vazquez
Inequality has Cost the U.S. Economy $22.9 Trillion Since 1990

The Brookings Institution conducted an economic study to measure the impact of inequality since 1990. The study found that the U.S. missed out on $22.9 trillion in economic growth since 1990 due to inequality.

by Viviana Vazquez

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