Relying on working longer to save for retirement is a risky strategy, economists warn, yet some workers are depending on it.
Workers Increasingly Consider Delaying Retirement As life expectancy rises and concerns about finances during retirement grow, many Americans are leaning towards one solution: extending their working years. About 70% of those currently employed and not yet retired are contemplating postponing their retirement, according to recent surveys by F&G. Nearly half of the 2,000 adults surveyed […]
The danger that’s near: July inflation figures have economists worried
The market just wrapped up a week where the hotter-than-expected inflation figures barely raised eyebrows, yet a few economists caution that there’s more to the story than investors might be acknowledging. In July, the producer price index (PPI) hit three-year peaks, largely fueled by inflation in the services sector. A similar pattern was evident in […]
Most tariffs will be paid by American consumers, according to Goldman economists.
Impact of Tariffs on US Consumers and Inflation According to a recent report from economists at Goldman Sachs, US consumers are poised to experience the full effects of President Trump’s tariffs once these taxes are eliminated. Up until now, most of the tariffs have been shouldered by businesses, which has, in a way, kept prices […]
Economists criticize Trump’s choice to dismiss the BLS head
Economists from various political backgrounds are expressing concerns over President Trump’s decision to dismiss key statisticians at the Labor Bureau, especially following a July employment report that revealed disappointing job growth compared to May. These economists spent the weekend emphasizing the implications of politicizing data from agencies like the Bureau of Labor Statistics (BLS). “It’s […]
Why Economists Continue to Misjudge Tariffs
Impact of Tariffs on American Households One reason economists are still puzzled is that American households are not behaving as models predict. In particular, they aren’t responding to uniform tariff changes in spending. When they do change their behavior, it often seems to pull in different directions, kind of offsetting each other. Recent polls from […]
The Fed Functions Like Universal Basic Income for Economists in Academia
Treasury Department Calls for Thorough Review of Federal Reserve The Treasury Department has initiated a comprehensive evaluation of the Federal Reserve, raising concerns about whether central banks have adequately fulfilled their primary roles in managing monetary policy, supervising major financial institutions, and guaranteeing overall economic stability. “We need to assess the effectiveness of the entire […]
SALT deduction will help ‘none of the 90% of US taxpayers,’ according to economists.
Debate Over Trump’s Tax Bill and SALT Deduction Rep. Mike Lawler from New York recently voiced his concerns about Republican pushback against President Donald Trump’s latest tax proposal during a segment on “Varney & Co.” One major point of contention is the state and local tax (SALT) credit included in the large tax and expenditure […]
Economists supporting Trump make surprising statements
There’s a certain charm in recalling those segments from TV variety shows where famous stars would pose innocent, and often hilarious, questions to children. It’s reminiscent of how some economists connected to President Trump seem to articulate their support for his trade policies and tariffs, almost as if trying to explain the inexplicable. Take Stephen […]
Economists Discover Greater Benefits from Expensing as Senate Considers Tax Proposal
Cost Reductions Drive Business Investments, New Study Suggests Recent findings from a study by the National Economic Research Bureau indicate that lowering the costs associated with business investments could significantly boost capital expenditures, more than analysts in government have typically believed. Essentially, it shows that even a small decrease, just one percentage point in capital […]
Economists Reported a Rise in Small Business Owners’ Optimism in May
A recent survey published on Tuesday indicates that small business owners experienced a slight uptick in optimism during May, according to the National Federation of Independent Businesses (NFIB). The NFIB Small Business Optimism Index, which gauges owners’ expectations for their businesses and the overall economy, increased by three points to reach 98.8, marking a rise […]