An August YouGov survey of over 1,500 US adults revealed that inflation and elevated prices were the most pressing issues for voters. Many were also concerned about the weakness in the US jobs markets and the overall economy. US Vice President Kamala Harris and former President Donald Trump are trying to win voters by focusing … Read more
Financial services firm Empower’s March survey of 2,204 US adults revealed that the definition of wealth and happiness is rapidly shifting from earning money to valuing time. Around 63% of the survey respondents would feel wealthy if they got sufficient time with friends and family, and nearly 40% believe saving time is more important than … Read more
President Trump has prioritised civil servant job protections since taking office. AFP News US President Joe Biden announced an average pay raise of 2% for federal civilian employees, effective January 1, 2025. Meanwhile, across-the-board pay is set to grow by 1.7% for all federal workers. The Biden Administration also announced locality-based average pay hikes of … Read more
KEY POINTS A growing number of Americans are considering delaying their retirement plans and working longer than planned The uncertain economic landscape has many Americans reconsidering whether retirement is a realistic goal Average life expectancy is also increasing rapidly A recent survey has revealed a startling reality for American workers: the prospect of retirement is … Read more
As the 2024 presidential election approaches, the economic divide in the United States continues to be a pressing issue for many voters. While inflation has been curbed, concerns about the fairness of economic opportunities and the stark disparity between CEO compensation and average worker pay remain at the forefront. A recent report from the American … Read more
A recent survey by Empower, a leading U.S. retirement company, reveals that nearly two-thirds of Americans believe the current economic climate will negatively impact their retirement plans. In a striking finding, 46% of respondents indicated they would be willing to forgo a raise or promotion in exchange for enhanced benefits from their employer. Interestingly, remote … Read more
The US trade deficit narrowed slightly less than analysts anticipated in June, according to government data released Tuesday, helped by an uptick in exports. The trade gap in the world’s biggest economy was down 2.5 percent to $73.1 billion, slightly larger than the $72.8 billion that analysts expected, the Commerce Department said. The figure was … Read more
Tangible assets like gold appreciate over time because they are limited in supply, have universal demand, and are highly exchangeable worldwide. Gold has been seen as a sign of wealth for many centuries. Its intrinsic store of value and negative correlation to stock markets have made it one of the few asset classes that reached … Read more
US Fed Chair Jerome Powell. US Federal Reserve Meet: Stay updated on the US Fed meeting today and the anticipated interest rates outcome. Learn how changes in the Fed’s policy may impact the economy and markets. US Fed Meeting LIVE Updates: The US Federal Reserve on Wednesday decided to keep its benchmark interest rate unchanged … Read more
In a letter obtained by Axios, sixteen Nobel Prize-winning economists have warned that the re-election of Donald Trump could reignite inflation due to his “fiscally irresponsible budgets.” The economists expressed deep concerns about the potential risks to the US economy should Trump win the November election. The Nobel laureates emphasised that although their views on … Read more
