U.S. economy shrank by 1.6 percent as Americans' disposable income, savings decreased
U.S. Gross Domestic Product decreased by 1.6 percent in the first three months of 2022, the latest federal economic data released Wednesday shows.
personal finance
1970s-style stagflation now playing on central bankers’ minds
"Stagflation" is an ugly word for an ugly situation - the unpleasant combination of economic stagnation and inflation.
Price of Independence Day cookout substantially more than last year
If you plan on holding a July 4 cookout this weekend, expect to pay a lot more than what you paid for last year's meal.
Addressing affordable worker housing in mountain resort towns
Migrants to Pitkin County added a quarter billion dollars to the county's Adjusted Gross Income in 2020. Pitkin's recreation economy is thriving, but what does that mean for middle- and low-income families?
More than half of all U.S. consumers live paycheck to paycheck
More than half of all U.S. consumers lived paycheck-to-paycheck last month, according to a new LendingClub report released Monday.
House Democrats argue wealthy aren't paying their fair share, Republicans disagree
House Republicans and Democrats went after one another in a hearing Wednesday, arguing over whether America's most wealthy are paying their fair share of income taxes.
Americans gave a near-record $485 billion to charity in 2021, despite surging inflation rates
Boosted by a strong year for stocks and swift economic growth, U.S. giving in 2021 totaled a near-record US$485 billion.
Retail sales fall in May as prices continue to rise
The U.S. Census Bureau Wednesday released advance estimates of U.S. retail sales which showed those sales fell 0.4 percent in May.
Federal Reserve announces interest rate hike
The Federal Reserve announced a 0.75 percentage point rate hike Wednesday to help combat soaring inflation, the largest rate increase since 1994.
5 things to know about the Fed’s interest rate increase and how it will affect you
The Federal Reserve is raising interest rates for the third time this year, on June 15, 2022, as it seeks to counter inflation running at the fastest pace in over 40 years.
