US consumer spending slows
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Affordability, long a kitchen-table concern for many American families, has escalated into a national crisis, following years of persistently high inflation and a widening wealth gap.
With a social media post that said “STOP LYIN” about there being an affordability crisis, President Trump claims he’s whipped inflation. But consumers are still feeling the squeeze. Target’s prices are up 1.7% nationwide this year and Walmart’s ...
Elon Musk claims AI and robotics are the only solution to America's $38 trillion debt crisis, predicting dramatic economic changes within three years.
Elon Musk says AI and robotics will solve the US debt crisis within three years by driving productivity beyond inflation.
The next 11 months will be pivotal for Bessent ahead of the midterm elections, where affordability and the cost-of-living in this country will be one of the major issues facing voters.
High housing costs, persistent inflation, and stagnant wages are converging to squeeze household budgets across the U.S. Families are increasingly
Donald Trump has said that claims of an affordability crunch in the US are a “con job” and “hoax” perpetuated by Democrats as rising prices become a growing political liability for Republicans.
Adam Posen, former Fed and Bank of England insider and now president of the Peterson Institute, joins Katie Martin and Rob Armstrong on the FT's Unhedged podcas
Disapproval of the state of the economy is widespread today, despite many indicators improving since the start of the year. The reality is that most Americans’ financial situation deteriorated so much under the Biden administration that there’s a long way to go before this affordability crisis is resolved.
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Making Sense of Inflation
The economic force is often seen as a barometer for a nation's mood and health. But have we misunderstood it all along?