The total debt balance in the United States has gradually increased since about 2013, and housing debt reached $12.98 trillion in the third quarter of 2024.
America's job market rebounded in November, adding 227,000 workers in a solid recovery from October, when the effects of strikes and hurricanes had sharply diminished employers' payrolls.
Consumers in the U.S. are scouring the internet for online deals as they look to make the most of the post-Thanksgiving shopping marathon on Cyber Monday.
Prices on consumer goods and services moved up 2.3% on an annual basis in October, according to Wednesday's personal consumption expenditures report from the U.S. Department of Commerce. The rate was up 0.2% on a monthly basis, which matched the annual uptick from September's 2.1%.
About 250 families picked up Thanksgiving food Sunday afternoon, much of it thanks to Utah Jazz basketball player Jordan Clarkson and his JC Cares Foundation.
Mike Anderson, KSL-TV | Posted Nov. 22 - 4:04 p.m.
Economic hard times are being blamed for some of the struggles at the Cache Community Food Pantry. It's in a last minute push to get Thanksgiving turkeys for about 1,000 families.
Howard Schneider, Reuters | Posted Nov. 17 - 8:02 a.m.
Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts.
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months, which could result in fewer interest rate cuts from the Federal Reserve next year.
U.S. consumers in October grew more confident about inflation continuing to ease and in the health of the job market, and for the first time in five months they saw a lower risk of defaulting on their debt, a survey finds.
Howard Schneider, Reuters | Posted Nov. 7 - 12:30 p.m.
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has "generally eased" while inflation continues to move toward the U.S. central bank's 2% target.
Steve Holland, Joseph Ax, Bianca Flowers and Jarrett Renshaw, Reuters | Posted Nov. 6 - 4:27 p.m.
Donald Trump recaptured the White House with a sweeping victory Wednesday. Kamala Harris conceded defeat but said, 'I do not concede the fight that fueled this campaign.'
Matt Gephardt and Sloan Schrage, KSL-TV | Posted Nov. 5 - 8:19 a.m.
The cost of food has risen sharply over the last few years, but that's not the only reason the tab at checkout can run high. KSL's inflation buster Matt Gephardt reveals a tactic that could have you paying more.
In its 10-year history, the American Family Survey has always asked about people's economic worries. But the question is perhaps more important than usual this year.
America's employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls.
As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.
The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.
Target is lowering the price of its Thanksgiving meal bundle, adding to the roughly 8,000 products that have been discounted as it attempts to attract inflation-weary shoppers during the holiday season.
Across the auto industry, analysts say, an "affordability shift" is taking root. More buyers are choosing to buy more affordable cars, even if they can afford something more expensive.
Shoppers have balked at downsized chips, cookies, paper towels and other products, widely known as "shrinkflation." Now companies are responding to shoppers' demands.
Michael S. Derby, Reuters | Posted Oct. 15 - 2:09 p.m.
Americans said they expected higher inflation over the long run last month, as their expectations of credit turbulence rose to the highest level since April 2020, the Federal Reserve Bank of New York says in a report on Tuesday.