'The Big Money Show' panelists break down the latest Census Bureau report showing median household income reached a record high in 2025, while the official poverty rate dipped to its lowest on record. 00:00 - Record Median Household Incomes 01:05 - The Closing Gender Pay Gap 01:37 - Inflation's Impact on Real Wages 02:41 - Black American Households See Largest Gains 03:45 - The Housing Affordability Crisis 04:28 - Mobility and the American Dream
Consumer prices rose at a 3.4 percent annual pace in August, well above the Federal Reserve's 2 percent target, and with real wages falling for a fifth straight month, American workers are losing ground. The August Consumer Price Index data, released Friday, showed prices climbed 0.4 percent from July alone. Core inflation, which strips out […] The post August inflation report strengthens the case for a Fed rate hike next week appeared first on American Almanac .
Consumer prices rose at a 3.4 percent annual pace in August, well above the Federal Reserve's 2 percent target, and with real wages falling for a fifth straight month, American workers are losing ground. The August Consumer Price Index data, released Friday , showed prices climbed 0.4 percent from July alone. Core inflation, which strips out volatile food and energy costs, rose 0.3 percent on the month and 2.4 percent year over year. The so-called "supercore" measure, services minus energy and housing, a gauge the Fed watches closely, accelerated to 0.5 percent in August, running at a 3 percent annual clip. The numbers land days before the Fed's policy-setting committee meets Tuesday and Wednesday. Federal-funds futures markets now price…Open
Ben Casselman, our chief economics correspondent, explains why wages are not keeping up with inflation and what that means for American workers and the economy.
No UK political party has an answer to the crisis. The post The British Energy Crunch appeared first on The American Conservative .
UK Special Coverage The British Energy Crunch No UK political party has an answer to the crisis. UK Special Coverage The British nation is already burdened by crushing energy costs and is bracing for a dramatic increase in that load. To gauge the impact of coming energy price rises in Britain, you must first understand what is sometimes called the “unriching” of the UK. This is a supposedly wealthy country which no longer feels wealthy. Real wages have barely risen in real terms since before the Great Financial Crisis of 2008. Brits have been through the longest pay freeze since the Napoleonic Wars. So the average…Open
On the latest jobs report: @RealEJAntoni: It’s hard to find bad news. Manufacturing, which had been contracting since Jan 2023, finally had an uptick. Construction was up over 30K jobs as investment pours into U.S. factories, a positive sign for more manufacturing ahead. Wage growth is outpacing inflation. Real purchasing power is up 2% in Trump’s first year after falling 4% under Biden. We have the fewest federal bureaucrats since 1966, and all net job growth went to native-born Americans while foreign-born workers lost jobs. Labor force participation is rising, employment jumped by several hundred thousand, and the U6 rate fell sharply. Good news from top to bottom.
