A new Federal Reserve working paper concludes that the surge in illegal immigration during the Biden administration increased housing demand, contributing to higher home prices […] Source
In a stunning warning for the rapidly-aging U.S., poverty rose for seniors in more than 800 counties over the past five years, according to new Census Bureau estimates. Why it matters: America's post-pandemic rebound didn't flatten inequality — it rearranged it. The winners clustered in educated metro areas and owned homes outright. The losers are increasingly older, renting, rural — or all three. - The latest Census data also suggest the next phase of U.S. politics will be shaped less by a single national economy than by who benefited from growth and where they live. By the numbers: The U.S. median household income rose to $80,734, the 2020–2024 American Community Survey released Thursday and examined by Axios showed. - That's a…