The U.S. economy is facing growing concerns as wages fail to keep up with high inflation, with consumers finding it increasingly challenging to maintain their purchasing power and financial stability. A recent study conducted by PYMNTS Intelligence reveals that 85% of consumers feel that their wages...
Eight individuals, all of whom are men, have as much wealth as the poorest half of the population around the globe. The wealth gap is wider than ever before, with data from China and India showing the poorest people in the world own less than...
July 26, 2024
The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. And in the meantime, as detailed in the University of Michigan’s Consumer Sentiment Index, the prevailing outlook on the economy seems to have soured a bit. Dueling data reports Friday showed that inflation’s pace continued to moderate […]
January 18, 2017
Eight individuals, all of whom are men, have as much wealth as the poorest half of the population around the globe. The wealth gap is wider than ever before, with data from China and India showing the poorest people in the world own less than had previously been thought. Last year, nine people owned the […]
