Are Incomes Going Down? (Not Really).

Personal income decreased $3.5 billion (less than -0.1 percent) in June according to estimates released by the government’s Bureau of Economic Analysis. Huh?

Disposable personal income (DPI) decreased $4.2 billion (less than -0.1 percent) and personal consumption expenditures (PCE) increased $8.1 billion (0.1…

Read More

The Economy will be Fine, Unless

The economy has been chugging along nicely in recent months, but some upcoming events could knock it off the tracks, according to a report from mortgage funder Fannie Mae.

For instance, there could be a partial government shutdown soon, along with a failure by congress to address the debt ceiling…

Read More
Read More

Inflation Remains Low, Says the Government

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reports.

Over the last 12 months, the all items index rose 1.6 percent.

The energy index declined again in June, falling 1.6…

Read More

The Pessimism of Generation X

America had high hopes for Generation X. After all, they got a much cooler name than the precious “Baby Boomer” or the marketing-speak “Millennial.” So why are the Xers so pessimistic?

According to a new survey from FICO, only 32 percent of Gen X say they are confident they…

Read More