According to the U.S. Census, the median household income in America was $67,521 in 2020. In the same year, 11.4% of Americans lived in poverty. The definition of poverty varies by family size. For a family of four, the figure is $26,500. The effects of income vary by state. Some […]

Adding pressure on the Bank of England to hike its interest rate at the February meeting, UK consumer price inflation accelerated at the fastest pace in nearly 30 years in December, driven by higher food, drinks and restaurant costs. Consumer price inflation rose to 5.4 percent in December from 5.1 […]

Mr. Virmani noted that COVID-19 pandemic hit economic recovery and pushed for tax reforms. The Indian economy is likely to register a growth of 9.5% in this financial year, former Chief Economic Advisor Arvind Virmani said on January 11. Addressing a virtual event organised by industry body PHDCCI, Mr. Virmani […]

The bagel, a baked ring-shaped piece of bread, had its origins among the Jewish population of Poland, probably in the 13th century. Since then, it has become a favorite food of people around the world. In the United States, among the best-known bagels are those made in New York City, […]

Instagram, the photo- and video-sharing social media network, was started in 2010. Two years later, Facebook bought it for about $1 billion. Today, it has over a billion registered users, which makes it among the largest social media platforms in the world. Athletes and other celebrities, like Cristiano Ronaldo, Kylie […]

Federal Reserve chair Jerome Powell pledged to do what’s necessary to contain an inflation surge and prolong the expansion, while steering clear of fresh details on the path of US monetary policy. “If we have to raise interest rates more over time, we will,” Powell told a Senate Banking Committee […]

Eurozone investor confidence unexpectedly improved in January, after easing sharply in the previous month, survey results from the behavioral research firm Sentix showed Monday. The headline index climbed to 14.9 from 13.5 in December. Economists had forecast a weaker score of 12.0. “Investors do not expect economic momentum to stall […]

Graduating from college is not what it used to be. The average loan debt carried by people who attended college for four years is $25,921, according to the Association of Public & Land-Grant Universities. Total student debt nationwide recently hit $1.7 trillion. Some graduates may find that a college education […]

You can expect to hear a lot about rising inflation and interest rates in 2022. No doubt that will sound scary to some, particularly mortgage-holders. But take heart. The alternative scenario – of continued ultra-low interest rates – is by far the more terrifying prospect and, touch wood, the one […]

For the fifth straight month, the services sector witnessed an expansion in output. In Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction India’s services sector activity moderated in December as business activity and sales rose at a softer pace, while […]