Discover How the Pandemic Era Boosted Typical Family’s Net Worth by 37%, According to the Fed

Standret | Istock | Getty Images According to the Federal Reserve’s triennial Survey of Consumer Finances, the typical family’s net worth experienced a significant surge during the pandemic era. This increase was primarily driven by higher home and stock prices, as well as government stimulus measures. After adjusting for inflation, median net worth increased by …

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Why is the US Economy Surging Ahead of Europe and How?

The US Economy’s Lead Over Europe Expected to Continue, According to IMF The US economy’s lead over that of Europe, which began after the global financial crisis and was solidified during the COVID-19 pandemic, is predicted to persist beyond 2024. The International Monetary Fund (IMF) recently forecasted a 1.5% expansion for the US economy next …

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What is a ‘fourplex’? Discover how it could alleviate Canada’s housing crisis – National

Kelly Singh Advocates for Fourplex Housing in Mississauga Amid Housing Crisis Kelly Singh, a 32-year-old resident of Mississauga, expresses concern about the changing landscape of her community due to Canada’s housing crisis. As housing prices in the Greater Toronto Area continue to rise, Singh has observed her friends and neighbors, who grew up in Mississauga, …

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Feds Impose Hefty Fine on Firm That Hired an 11-Year-Old Forklift Prodigy

A warehouse in Kentucky has been fined $30,276 and ordered to stop employing underage workers after it was discovered that two children, including an 11-year-old operating a forklift, were working there. According to a report from NBC News, the US Department of Labor found that the children had been working at Win.It America Inc. …

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Discover the Growing Trend of More People Opting for Early Pension Cash and Raiding Savings to Meet Financial Needs, Study Reveals

According to new research by Interactive Investor, nearly one in three people are dipping into their savings or pensions earlier than planned in order to cover household expenses. The rising cost of living is cited as the most pressing financial concern for over half of adults, closely followed by the fear of running out of …

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Federal Reserve’s Waller Urges Caution and Patience in Deciding on Interest Rate Adjustments

Federal Reserve Governor Christopher Waller suggested that the central bank can delay interest rate hikes as it assesses progress in reducing inflation. Waller stated that recent data points are being evaluated to determine if the Fed’s efforts to lower demand and slow inflation are effective, or if the economy’s resilience is driving further price increases. …

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