There’s ‘More Distress’ in Low-Income Households, But Households ‘Generally’ in ‘Very Good’ Shape
In an interview with CNBC published Monday, Treasury Secretary Janet Yellen said that “some low-income consumers have probably exhausted their savings buffers.”[s] On top of what they’ve been accumulating during the pandemic, we’re seeing a trickle of suffering at the household level. However, despite this, “our economy is good and strong,” “very strong domestic demand” […]
Trump’s proposed tariffs could cost US households $1,500 per year: Report
Former President Donald Trump’s 10% tariff on imported goods could cost American households about $1,500 a year, a new economic analysis has found. Trump, the likely 2024 Republican presidential nominee, has promised to impose a 10% tariff on all foreign goods if re-elected. According to the newspaper, import taxes are levied by sector: $90 per […]