NYTIMES (Brent Neiman) - Why Labor’s Share of Wealth Is Shrinking
Workers’ share of our national income is declining rapidly but we’re not sure why.
WASHINGTONPOST (Lauren Kaori Gurley, Rachel Lerman) - Here’s why wages are falling behind inflation, an economic warning sign
Inflation beat out wage growth again in August, which feels like 2023.
YOUTUBE (Fox Business) - K-shaped economy: Boomers are FLUSH, Gen Z isn’t: First Trust Advisors chief economist
First Trust Advisors chief economist Brian Wesbury joins Charles Payne on 'Making Money' to analyze the K-shaped economy, consumer trends and more. #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #makingmoney #makingmoneywithcharlespayne #charlespayne #payne #brianwesbury #wesbury #economy #kshapedeconomy #consumers #consumerspending #interestrates #federalreserve #fed #treasuryyields #bonds #markets #investing #babyboomers #boomers #genz #generationz
JUSTTHENEWS (Joseph Weber) - Cost of core consumer goods and services increased slightly in July, Commerce Department
The increase was in line with forecasts.
DAILYCALLER (James Carter And John Silvia) - Code Red: The Huge Warning Signs Buried In America’s Economic Numbers
‘going to need a bigger boat’
YOUTUBE (MS NOW) - 3x Trump voters sour on Trump over affordability
NYTIMES (Christina Caron) - ‘I’ve Hit My Limit’: Some New Yorkers Opt for Fun at Home to Save Money
When wages are low and activities are pricey, the frugal find new ways of socializing.
NYTIMES (Ben Casselman) - Worker Pay Isn’t Keeping Up With Inflation Once Again
When prices spiked in 2021-22, wages failed to keep up for many workers, new research shows. Now the pattern is repeating.
DAILYCALLER (Jack McGeever) - Retail Sales Suffer Biggest Drop In More Than A Year As Iran War Casts Shadow Over Economy
Americans sharply pulled back on retail spending in July even as inflation remained elevated, raising fresh questions about whether the U.S. economy is weakening beneath the surface of the Iran war’s supply-driven price shock.
NYTIMES (Kim Bhasin) - July Retail Sales Notch Biggest Drop in Over a Year
The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation