Economics

PEOPLE FACE TRADEOFFS Scarcity exists and it doesn’t go away. Because resources are limited, people must make choices. PEOPLE ECONOMIZE People choose the alternatives that they perceive to offer the greatest excess of benefits over costs. ALL CHOICES INVOLVE COSTS The opportunity cost of a choice is the foregone alternative, the (benefits of the) alternative […]

The income of a typical homebuyer in the United States surged to $107,000 from $88,000 last year, as home affordability precipitously worsened, according to an annual report from the National Association of Realtors.

Single women make up an increasing number of homebuyers.

72% of U.S. adults say tipping is expected in more places today than it was five years ago. But even as Americans say they’re being asked to tip more often, only about a third say it’s extremely or very easy to know whether (34%) or how much (33%) to tip for various services.

The Biden administration plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of a raft of measures released on Tuesday that seek to stop Beijing from receiving cutting-edge U.S. technologies to strengthen its military.

Listed - real estate price guessing game

Kirkland Signature is really what makes Costco, Costco. In 2021, the private label brought in a whopping $58 billion in sales, about a quarter of Costco’s ov...

America has a glut of empty offices.

Get the information you need to make informed choices about your college journey and student debt.

US Census Bureau, Center for Economic Studies, Longitudinal Employer-Household Dynamics, Local Employment Dynamics, Research Data Centers, Publications and Reports

Amid falling metal prices and legal crackdowns, catalytic converter thefts have halved this year.

The US real estate industry will never be the same.

Missouri lawmakers have passed legislation amending the state’s rules around name, image and likeness payments for student athletes, allowing some to access the financial benefits before they even arrive on a college campus.  The law will allow athletes to begin profiting from endorsement deals while still in high school—as long as they sign a letter of intent to attend a public university in Missouri. Passed by the state Legislature in May and signed by Governor Mike Parsons yesterday, it will take effect Aug. 28, as the fall semester—and football season—gets underway.

Corn has many uses that make modern life possible. This infographic breaks down U.S. corn usage in 2020.

The music industry has undergone a remarkable transformation in formats. See how its revenues have evolved, from vinyl and CDs to streaming.

New research shows economic freedom can help overcome inequality and promote social mobility for the poor.

Continued consumer spending — on travel, concerts, restaurants and more — is propelling economic growth beyond what many had expected.

The median student debt for a U.S. bachelor's degree ranges from $43,000 to $13,000. View this graphic to see where each major falls in line.

Updated timeline of the most visited websites on the Internet from 1995 to 2023. Two major updates: added more accurate and complete data from 1990s, added m...

U.S. productivity rose at a 4.7% annual clip in the third quarter, the highest since the third quarter of 2020, the government said Thursday.

A Morning Brew/Generation Lab survey dives into how college students think about financial advice.

Amusement parks Six Flags and Cedar Fair are merging in an $8 billion deal that creates a theme park powerhouse as consumers look to slow their spending.

McDonald's CEO Chris Kempczinski said Q3 results prove that difficult times for consumers can be good for the fast-food giant.

McDonald's CEO Chris Kempczinski said the minimum wage hike could help the burger chain gain market share in California in the long term.