Economics

The COVID-19 pandemic has dramatically changed the way Americans spend their time. One of the most enduring shifts has occurred in the workplace, with millions of employees making the switch to work from home. Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote and an additional 30 percent work in hybrid arrangements (Barrero, Bloom, and Davis). These changes have substantially reduced time spent commuting to work; in the aggregate, Americans now spend 60 million fewer hours traveling to work each day. In this post, we investigate how people spend this saved time on other activities. Using detailed data from the American Time Use Survey (ATUS), we find that employed individuals allocate their saved commute time toward leisure activities and sleeping, while reducing overall work hours.

If you get a raise, you may not end up in a higher tax bracket. But more of your income may be subject to Social Security taxes. And you’ll probably pay more for health care.

IR-2022-188, October 21, 2022

The IRS has released higher federal tax brackets and standard deductions for 2023 to adjust for inflation. Here's what filers need to know.

The games are a bonanza for the companies that states hire to administer them. But what about the rest of us?

You can use credit to buy the hottest item of the year. But is it worth the price?  Answer: 4 Years and 6 Months [and $873.04 total price]   Questions: Considering the cost of AirPods Max, do you think this is a good idea? Explain your answer. What big-ticket items or once-in-a-lifetime experiences do you think are worth spending money on?

Demand for talent is driving college graduate starting salaries higher but they may fall far short of expectations.

Athletes pull huge sums of money from their on-field and off-field contracts. Here we rank the top 50 highest-paid athletes in the world.

But the road ahead looks more troubling for the nation's fiscal situation.

Or: Why you are not ever getting an inexpensive ticket to a popular concert ever again.

Here's how much the price of popular Halloween candies went up this year

“As we recover from the worst of the pandemic, we have an opportunity and the power to make workplaces engines for mental health and well-being,” Surgeon General Vivek Murthy said.

Vinyl has reclaimed its throne as the most-popular physical music format. But can the industry meet the demand?

Polaroid was founded over 75 years ago in 1937, since then, the brand has been running at an intersection of technology, innovation, art, and photography.

There is growing momentum at the state level for personal finance requirements in high schools to ensure higher levels of financial literacy among graduating students.

Arro provides a credit card and credit-building platform, and its proprietary underwriting model relies on income data.

Soon, those Apple Daily Cash rebates will earn interest.

U.S. retail sales were unexpectedly flat in September as households cut back on purchases of motor vehicles and other big-ticket items like electronics and appliances amid stubbornly high inflation and rapidly rising interest rates.

Workers around the U.S. attend an average of nearly 18 meetings a week. They say nearly a third are skippable.

Personal banking skills are teachable. Free Checking Lesson Plans, Activities and more. Try teacher favorite COMPARE: Overdraft Fees Grades 9-12.

Offering an option with ads, the new Netflix prices could be compared to low priced basic coffee at Starbucks.

Gen Z uses these payment apps the most, so you might have some inside information on which is most popular.  Answer: From data.ai (10/17/22)   Questions: Why do you think these person-to-person apps are so popular (top 3 on the list)? When do you think people find these apps most useful?  Do you have any finance apps on your phone? Why or why not?  What do you think are the most important criteria in choosing which finance apps to use?  Here are the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Pew Research):  When asked what motivates them to use these sites or apps, users most frequently point to ease.

Inflated mortgage rates are barring millions of Americans from homeownership. Learn more in our study on current affordability trends in the U.S. housing market.

The gig is up… Yesterday the Labor Department announced a proposal that could classify millions of gig workers (think: delivery drivers, janitors,...

Thanks to touchscreens and the pandemic, tipflation is everywhere — and it’s hard to say no.