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2 mins read

The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says

"As early as this summer, a proposed move could begin to unleash almost $1tn into consumers' wallet…

Filip De Mott   


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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   


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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   


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2 mins read

Europe's central bank cuts interest rates for first time in 5 years

The European Central Bank announced it would lower its benchmark interest rate from 4% to 3.75%, ma…

Theron Mohamed   


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3 mins read

New Mexico experimented with a basic income program that gave $500 a month to immigrant families. They used the money to pay rent and secure jobs.

New Mexico gave households with mixed citizenship status $500 a month for a year. Participants saw …

Allie Kelly   


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2 mins read

Recession is still a real threat, Jamie Dimon and David Solomon warn

Don't assume inflation will fade, interest rates will fall, and the economy will escape a recession…

Theron Mohamed   


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7 mins read

Over 100 basic-income pilots have run in US cities. Now states are getting creative to fund no-strings-attached cash payments.

The success of over 100 local GBI pilots in the US provides insight into future state-level policy.

Allie Kelly   


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2 mins read

Meet the HIFIs: Their obsession with luxury will tank them

HIFIs are predominantly made up of millennials and Gen Zers who want to exude quiet luxury but can'…

Allie Kelly   


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2 mins read

'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says

The next recession has likely been postponed by the trillions of dollars of stimulus spent during t…

Jennifer Sor   


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7 mins read

Meet the millennials who made all the right money moves in the pandemic economy and are suddenly wealthy

Millennials' average wealth doubled in the last four years, leaving some surprised to realize that …

Juliana Kaplan   


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2 mins read

A recession in early 2025 could send the stock market tumbling 30%, strategist says

A recession in late 2024 or early 2025 could send the S&P 500 tumbling to around 3,600, BCA's Rouka…

Yuheng Zhan   


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2 mins read

Don't feel too sorry for Gen Z — they're outpacing boomers on income and millennials on home ownership

The median 25-year-old earns a real household income of over $40,000 after taxes and transfers, mor…

Theron Mohamed   


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3 mins read

Millennial wealth is booming. It turns out avocado toast didn't tank them after all.

It turns out that, after killing off brands and choosing avocado toast over homeownership, millenni…

Juliana Kaplan   


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8 mins read

Why Americans won't do the one thing that would bring down high prices

People say the economy is bad and everything is too expensive, but they still spend a lot of money …

Emily Stewart   


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3 mins read

Here's why economists are so worried about soaring US debt levels

The government's soaring debt balance risks stoking inflation and lowering the quality of life for …

Jennifer Sor   


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4 mins read

More and more Americans are becoming 'ALICEs.' They can't afford rent and groceries but are falling through the cracks in the country's safety net.

The share of Americans in poverty has been falling, but more are stuck living paycheck to paycheck.

Noah Sheidlower,Juliana Kaplan   


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3 mins read

The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates

Interest rate cuts may not come so soon amid strong job growth and persistent inflation.

Huileng Tan   


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6 mins read

America's big cities are about to run out of money

Cities like Denver, Boston, New York, and San Francisco are facing budget crunches as tax revenues …

Emily Stewart   


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2 mins read

'Big Short' investor Michael Burry warned inflation would spike again. Prices just jumped.

"The Big Short" investor Michael Burry predicted an inflation resurgence fueled by interest-rate cu…

Theron Mohamed   


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4 mins read

Here's where funding comes from for guaranteed basic-income programs giving money with no strings attached to low-income Americans

Basic income programs in San Antonio, Austin, Denver, and Atlanta draw funding from federal relief,…

Allie Kelly,Noah Sheidlower