The pandemic caused massive supply chain disruptions that originated on the production side. The current shipping disruption could cause more supply chain issues, this time from the shipment side. ... Read More
Inflation-adjusted retail sales remain below their peak from March 2021.... Read More
Since May 2020, foreign-born workers have accounted for over 36% of total employment growth in the United States. This is almost double their share of the labor force. ... Read More
A historical look at the highest and lowest tax brackets since 1913... Read More
How have the different forms of taxes funded the U.S. government throughout the years?... Read More
Those with an AGI under $100,000 account for roughly 12% of all income taxes collected in the U.S., while those with an AGI above $1 million account for roughly 40%.... Read More
The average taxpayer in the U.S. paid 14.20% on their adjusted gross income between 2001 and 2021.... Read More
Over one-third of U.S. citizens have no income tax liability.... Read More
A look at each state's income tax as well as sales tax rates... Read More
A comparison of taxes across the globe... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
A statistical look at the U.S. consumer by income deciles... Read More
So long as shipping problems persist in the Middle East and Panama, the potential for elevated goods inflation remains.... Read More
Synchronized global growth was an assumed in the previous cycle. Since the Covid-19 pandemic, the United States has diverged from other developed economies in more than one way. This divergence could be the reason so many have been so wrong about the U.S. economy.... Read More
Stickier-than-expected inflation has put the Federal Reserve in a pickle: cut rates sooner and risk reaccelerating inflation or keep rates higher for longer, risking a black swan event that negatively impacts the economy. How did we get here? The consumer's newfound willingness to spend more than ever before. ... Read More
Credit utilization remains historically low, but is on the rise.... Read More
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.... Read More
The average third party collection stood at $1591 in the fourth quarter.... Read More
Household debt broken down by delinquency status... Read More
Credit card debt is now 22% higher than it was pre-pandemic.... Read More