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8 mins read
America's way of measuring poverty is stuck in the 1960s. Here's how we can fix it.
Many Americans are struggling financially but don't qualify for aid because they technically make a…
Juliana Kaplan,Noah Sheidlower,Allie Kelly
3 mins read
New York City briefly opened its housing voucher waitlist. But getting that assistance is as unlikely as getting into Harvard.
When New York City briefly opened its housing voucher waitlist for the first time in 15 years, more…
Eliza Relman
6 mins read
New college graduates are stepping into a tougher job market. It could set their earnings back for years.
Recent college graduates are struggling to find work. Some could come to question the value of thei…
Jacob Zinkula,Andy Kiersz
5 mins read
Welcome to the age of geriatric millionaires
Millionaires have been getting older, and holding onto their wealth for longer. It's creating a Kin…
Juliana Kaplan
2 mins read
Indian women might have to wait another 167 years before they’re paid as much as their male counterparts
Today, the average Indian woman earns less than Rs 40 for every Rs 100 earned by her male counterpa…
2 mins read
CEO arrested and accused of running an Adderall drug ring
The DOJ alleges that telehealth executives made $100 million by prescribing Adderall and other stim…
Grace Eliza Goodwin
2 mins read
Why the Fed's rate-cutting agenda could spark a recession, according to top economist Mohamed El Erian
The economy has a 35% chance of a hard-landing, according to top economist Mohamed El-Erian.
Jennifer Sor
2 mins read
Gen X is feeling the negative effects of inflation more than any other generation
Inflation worries continue to rise and no group is feeling the pinch more than Gen X.
Cork Gaines
2 mins read
Donald Trump reportedly wants to raise tariffs to pay for tax cuts
Critics of Trump's tariff proposals say that they would raise costs for Americans and stoke further…
Filip De Mott
4 mins read
A boomer who lives on Social Security worries she won't get hired because she can't afford a car: 'I don't even have $1 in my wallet.'
Virginia Hambrick, 66, fears she may need to go back to work but also can't afford the necessary tr…
Allie Kelly
2 mins read
Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar
Russia's central bank said on Thursday that the currencies from "friendly countries" and the ruble …
Huileng Tan
3 mins read
China says 2 military employees sold 60 pounds of secret documents to a recycling plant, allowing a shopper to bag 4 volumes for under $1
Two personnel tasked with disposing the 200 documents instead sold them all to a recycling plant fo…
Matthew Loh
3 mins read
A man born in Japan where tipping is rude — is part of a growing number of Americans rejecting tipping in the US
Ken Ozeki shared his thoughts on not tipping in the US, influenced by high prices, digital register…
Jane Ridley
2 mins read
Recession isn't happening as the US economy is the most dynamic it's been in history, 'The Big Short' investor Steve Eisman says
Economists who have called for a recession have been wrong and the economy is solid, Steve Eisman s…
Jennifer Sor
2 mins read
Some student-loan borrowers will soon get cheaper monthly payments through Biden's new repayment plan — but their accounts might be paused in the meantime
The Education Department is placing some student-loan borrowers on the SAVE plan on forbearance as …
Ayelet Sheffey
3 mins read
As the heat goes up this summer, so do cooling costs
The average cost to cool homes could be $719, a nearly 8% increase from the same period last year.
Catherine Boudreau
3 mins read
South Africa's cash giveaway plan is not universal basic income, experts say
A South African program would pay too little money to too few people to qualify as universal basic …
Theron Mohamed
4 mins read
What it's like to live with just $23 a month in SNAP benefits: 'It barely covers one meal.'
Mary Dacus and her husband Stephen receive $23 a month in SNAP benefits. They are one of 40 million…
Allie Kelly,Madison Hoff
2 mins read
There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet
The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …
Huileng Tan
2 mins read
The Fed now expects just one interest rate cut this year — but there's still time for that to change, Powell says
The Federal Reserve held interest rates steady on June 12, with Powell leaving the door open for a …
Ayelet Sheffey
2 mins read
The Fed confirms that Americans will have to wait longer for interest rate cuts
The Federal Reserve held interest rates steady on Wednesday, pushing back any hopes of an interest …
Ayelet Sheffey
2 mins read
The US expands sanctions against Russia-friendly institutions as Treasury chief Janet Yellen says the Kremlin is 'desperate' for outside help
The Kremlin is "desperate for access to the outside world," Janet Yellen said, announcing new sanct…
Filip De Mott
4 mins read
Earning $100,000 a year isn't enough to feel 'rich' in the US anymore
Three HENRYs who made over $100,000 last year share why they don't feel "rich" and what's holding t…
Jacob Zinkula,Andy Kiersz
1 min read
Retail inflation eases marginally to 1-year low of 4.75% in May: Govt data
Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items de…