Economics

Bain predicted a full-year contraction between 20% to 35% for the personal luxury market that includes clothes, jewelry, watches, beauty products, and accessories.

As late as April 2019, Origin, an independent research firm, found that 75% of consumers still carried cash.

The Federal Reserve Board of Governors in Washington DC.

Activity boxes and inflatable pools replace summer camp and trips to the beach.

Jaime Calder all but gave up on gardening after moving from the fertile soils of Illinois to dusty Texas, but the coronavirus changed her mind.

Link: Economists discuss the valuation of human life model to determine when the appropriate time to open the economy is. Federal agencies typically value a human life at $10 million. Many economis…

DTE Energy's guide to electric vehicles, including incentives and charging stations.

DTE Energy's guide to electric vehicles, including incentives and charging stations.

American Airlines said that it plans to pledge its loyalty program as collateral for a $4.75 billion government loan as it seeks to shore up capital to manage through the coronavirus pandemic.

He said that “almost all businesses” understand the $600 additional benefit is “a disincentive.”

When children grow up in high-poverty neighborhoods, commonly a legacy of residential segregation by race, they are less likely to thrive as adults. One way to improve their future success is by helping their families move to neighborhoods with less poverty and more resources. But voucher programs alone won’t help.

This video is a classroom demonstration of Lesson 35: The Economics of Racial Discrimination from CEE's Understanding Economics in U.S. History publication. In this lesson the students examine Jim Crow segregation laws and discuss the costs of racial segregation. They examine an economic mystery about segregation, using the Guide to Economic Reasoning. Finally, they read and discuss an essay about Homer Plessy and Rosa Parks. During the late 1800s and throughout the first half of the twentieth century, racial segregation was enforced throughout the South by legislation and by informal codes...

This paper explores how often U.S. consumers spent and held cash during the 2017 Diary of Consumer Payment Choice survey. Data from 2017 show that cash continues to be the most frequently used payment instrument, representing 30 percent of all transactions and 55 percent of transactions under $10.

A deeper look at the racial wealth gap and economic inequality in the United States.

An Economics Topics Detail By Arnold S. Kling What Is Aggregate Supply? Aggregate supply is the relationship between the overall price level in the economy and the amount of output that will be supplied. As output goes up, prices will be higher. We draw attention to factors that shift the aggregate supply curve. An adverse […]

An Economics Topics Detail By Arnold S. Kling What Is Aggregate Demand? Aggregate demand is a term used in macroeconomics to describe the total demand for goods produced domestically, including consumer goods, services, and capital goods. It adds up everything purchased by households, firms, government and foreign buyers (via exports), minus that part of demand […]

The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.

Link: Since the beginning of the pandemic, the agriculture supply chain has been suffering. Although the shelves at grocery stores are not fully stocked, farmers are giving away their goods, or eve…

VIDEO DESCRIPTION Governments pass ever more restrictive rules in the name of saving us. How many of these rules are helpful? Download Video (.mp4 FILE) This video is included in our Online Quizzes section. To download this video, please login. If you don't have an account, register now for ...

BALTIMORE (AP) — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady...

ShareTweet EPI’s Family Budget Calculator measures the income a family needs in order to attain a modest yet adequate standard of living. The budgets estimate community-specific costs for 10 family types (one or two adults with zero to four children) in all counties and metro areas in the United States. Compared with the federal poverty line…

Index mutual funds and ETFs have become overwhelmingly popular in the last decade. But are they they best way to invest your serious, long-term money? Keep reading to find out, the answer might surprise you...

A new prize-linked savings account called Yotta Savings has sparked interest among Redditors and the Doctor of Credit blog. According to its website, Yotta wants to help Americans become more financially secure “by making saving instantly fun.” The company says the concept came from Premium Bonds—the UK’s biggest savings product—which offers bondholders the opportunity to win £1 million every month.