Economics/Class Relations

Wealthy Americans are cutting back — and it could push the US closer to a recession

Business Insider

Wealthy Americans are cutting back — and it could push the US closer to a recession

Wealthy Americans are cutting back — and it could push the US closer to a recession

High-income Americans’ spending is “crucial” to powering the economy, Bank of America said. Yet their shopping is falling fast amid high inflation.

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A police officer with $85,000 in student debt is only able to afford a life-saving surgery because of the payment pause: 'Whatever I have left always goes to student loans. Now that's going to medical bills.'

A police officer with $85,000 in student debt is only able to afford a life-saving surgery because of the payment pause: ‘Whatever I have left always goes to student loans. Now that’s going to medical bills.’

Henry only stays at his job for the health insurance. “I don’t have $60,000 sitting in my sock to get this heart transplant done,” he said.

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Home prices are falling in 6 major US cities and still rising in 13. Here's how the major markets are faring as buyers adjust to the end of the boom.

Home prices are falling in 6 major US cities and still rising in 13. Here’s how the major markets are faring as buyers adjust to the end of the boom.

Metropolitan hubs in California, Washington, Oregon, and Colorado are the first to show the housing market caving and home prices on the decline.

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How much money TikTokers make, according to creators

How much money TikTokers make, according to creators

TikTok has made a new generation of digital stars. Here’s how much TikTokers earn from brand deals, song promotions, and its Creator Fund.

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