Since May 2020, foreign-born workers have accounted for over 35% of total employment growth, almost double their share of the labor force.... Read More
The U.S. makes up over a quarter of world GDP. China and Japan have swapped spots in terms of economic output over the past several decades.... Read More
Personal consumption accounted for 2.46% of GDP's 2.80% rise in the third quarter.... Read More
While official retail sales data remains strong, lower-income household spending has been somewhat stagnant for a couple years now.... Read More
In the second quarter of this year, retirement assets rose to $40 trillion, ten times the size of the assets in 1974.... Read More
The Federal Reserve cut rates in September while the US economy remains strong, inflation remains above the 2% target, and financial conditions are very easy. ... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
We have often argued the biggest economic event of our lifetime was the shutdown and restart of the global economy in 2020. We check in on mobility in the United States. ... Read More
The NFIB Small Business Uncertainty Index is at a level rarely seen over the past five decades.... Read More
The current deficit and spending is consistent with prior recessionary levels.... Read More
Household debt in the U.S. stood at $17.80 trillion in the second quarter.... Read More
Credit utilization remains historically low, but has risen since 2021.... 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 $1609 in the second quarter.... Read More
Household debt broken down by delinquency status... Read More
Credit card debt is now 28% higher than it was pre-pandemic.... Read More
Mortgage originations remain well off the peak set in 2021.... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
The Fed raised interest rates 500 basis points since 2021. By 2023, this caused the collapse of several banks as losses mounted and capital flight took place. How banks are doing now?... Read More
Household debt in the U.S. stood at $17.69 trillion in the first quarter.... Read More