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Young American borrowers are struggling to pay credit card debts

Young American borrowers are struggling to pay credit card debts

by Mariam Kiparoidze | Mar 22, 2023 | Economy, Featured, Millennials, Newest, Personal Income

Image via Pixabay Money was never discussed in Fernando’s family, when he was growing up and as an adult he never had to think about finances. So it was a surprise to find himself unable to pay his credit card debt at 26, when he had just quit his $45,000 job and...
Inflation Accelerates As Consumers Keep Spending More

Inflation Accelerates As Consumers Keep Spending More

by Mariam Kiparoidze | Mar 1, 2023 | Economy, Personal Income

Photo by Allef Vinicius via Unsplash.   Prices are rising and Americans are spending more again, suggesting that the economy is still strong and the Fed might have to raise borrowing costs more to halt the inflation spike.  Friday’s report from the Commerce...
The Federal Minimum Wage Goes Unchanged, and an Underrepresented Group is Paying the Price

The Federal Minimum Wage Goes Unchanged, and an Underrepresented Group is Paying the Price

by Angela Palumbo | Apr 12, 2021 | Economy, Featured, Jobs, Personal Income

Angela Greene worked with a mobile cleaning crew at a sheltered workshop in South Carolina for 21 years. She worked Monday to Friday every week and made no more than $3.00 an hour.  Her hard work never earned her the full federal minimum wage, all because she has an...
Personal Income Dropped in February, but Economists aren’t Surprised or Concerned

Personal Income Dropped in February, but Economists aren’t Surprised or Concerned

by Angela Palumbo | Mar 29, 2021 | Economy, Featured, Jobs, Personal Income

Personal income went back down in February, due to a decrease in government aid. Consumer spending also went down for the same reasons, as well as extreme weather conditions in Texas. Personal income fell 7.1 percent in February and consumer spending fell 1.0 percent,...
Personal Income Jumps Exponentially in January 2021 – A Sign of Economic Improvement

Personal Income Jumps Exponentially in January 2021 – A Sign of Economic Improvement

by Angela Palumbo | Feb 28, 2021 | Economy, Featured, Personal Income

Personal income had its biggest increase since April last month, the result of government aid in the form of stimulus checks going out to millions of Americans, continued unemployment benefits and other pandemic response programs. Personal income rose 10 percent in...

5 Things To Watch For In March’s Personal Income & Outlays Report

by Nikitha Sattiraju Rao | Apr 29, 2019 | Economy, Personal Income

The United States Bureau of Economic Analysis (BEA) will release its monthly data for March on consumer spending – the biggest part of the country’s economy – on Monday. The report will include both income and spending numbers for a month for the...
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Welcome to Issue Number One

Welcome to Issue Number One, a site covering economic trends. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.
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