Nearly half of millennials say finances will prevent them from achieving their version of the American Dream, per a Morning Consult report.
After carrying the weight of the Great Recession for 14 years, the oldest millennials are finally making strides in building their careers and wealth.
The US is on track to complete its labor-market recovery in about 2.5 years. The same achievement took about 6.3 years after the Great Recession.
Experts are debating whether the pandemic baby bust will be permanent or temporary. A new Brookings report says its unlikely births will rebound.
The CDC found the US birth rate fell by 4% in 2020. It could usher in a new era of change for the economy, but that's not necessarily a bad thing.
The pandemic accelerated preexisting migration, but BofA says reopening will spark a return. NYC and San Francisco are already seeing that happen.
In 1997, "The Fourth Turning" predicted that a "Gray Champion" saintly warrior figure would usher in an economic restructuring after chaos in 2020.
A wealth gap and assorted nuances explain how millennials are both advancing and struggling. They're a fragmented generation with many sub-cohorts.
America is seeing a "baby bust" as women put off having kids during the pandemic. It could mean lower growth over the long term - or a delayed boom.
Gen Z is set to earn a third less on stock and bond investments than millennials, Gen X, and boomers. They can expect average returns of just 2%.
In 2016, millennials had wealth levels 34% below where it should've been absent the Great Recession. As of 2019, that wealth deficit was 11%.
Staying in school later and marrying later doesn't mean millennials are behind, says a psychologist. Instead, they're reframing societal expectations.
US retail sales grew 5.3% in January, the Census Bureau announced Wednesday. The reading beats the 1% economist estimate and snaps a three-month losing streak. Sales are a popular gauge of consumer spending, a critical driver of overall growth. Visit the Business section of Insider for more stories. American spending […]
The reading beat the median economist estimate of 1% growth and snapped a 3-month streak of contracting sales.
The US added 49,000 jobs in January, missing the estimate of 105,000 additions. It was a reversal from the 227,000 payrolls lost in December, the first decline in seven months. The unemployment rate dropped to 6.3% from 6.7%, beating forecasts. Visit the Business section of Insider for more stories. The […]
Of those earning $US100,000 or more, 59% have increased their savings during the pandemic, MagnifyMoney found. Only 28% of those making less than $US35,000 saved more. It’s evidence of America’s K-shaped recession, in which the wealthy are recovering and others are struggling. Visit Business Insider’s homepage for more stories. High […]
US gross domestic product grew at an annualized rate of 4% in the fourth quarter, the Commerce Department said Thursday. Economists surveyed by Bloomberg expected growth to come in at 4.2%. The gains come after economic reopening drove a record-high growth rate of 33.1% in the third quarter. While the […]
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