January spending for Bank of America credit and debit card customers was up 2.6% year over year, the biggest annual increase since February 2024.

What begins as an extra $500 a month can become $1,000 or more—often when other income sources are steady, not rising. Without planning, healthcare costs can gradually crowd out the things retirees ...

Wealth inequality looks at the distribution of assets, such as property, stocks and saving. Read more at straitstimes.com.

The battle to fight climate change and achieve net zero carbon emissions means moving people from brown to green, clean energy. One problem with this is the upfront costs and the often higher energy ...

BofA Securities revised its ratings on several restaurant chains to reflect income and labor market disparities that are shaping industry trends—particularly the divide between full-service and casual ...

New reports on wealth and income inequality in Singapore spark a national debate on social mobility and the country's social ...

Illinois in the top ten for largest racial wealth gaps. Disparities in income, education and poverty drive the state’s racial wealth gap.

By Shivansh Tiwary and Juveria Tabassum Feb 11 (Reuters) - America's consumer economy is pulling in opposite directions, a gulf increasingly apparent in C-suite commentary, with premium brands ...

NEW YORK (Reuters Life!) - As the rich get richer and the poor fall further behind, levels of happiness and satisfaction drop, but only among people with modest and lower incomes, a new study shows.

A key mea­sure of US income inequality rose to a new record in 2021, the first year of President Joe Biden’s term. The so-called Gini Index rose by 1.2% last year to 0.494, according to data released ...

To explore how public sentiment can influence minimum wage policies, we zoomed in on protests as a signal of public opinion across the US. We analysed data from over 130,000 protests across US ...

In 2024, CEOs at America’s leading companies saw pay increases that outpaced the wage growth of employees, widening pay disparities across the country and in Connecticut, according to a new report ...