Category: Economic News
The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.
Economic News
Economic News
Delta Announces Major Profit-Sharing Bonuses for Employees
As the United States economy has continued to expand and executive compensation has expanded with it, income inequality has become a more high-profile topic. While that's partially because of the latest election cycle and the controversial 2017 tax bill, grassroots minimum wage hike efforts and the like have also played a role. Given the current climate then, it may be surprising to hear about a major corporation surprising its employees...
Economic News
Average Experian FICO Score Reaches Another New High
This just in: Americans are continuing to improve their credit. According to Experian's 2019 Consumer Credit Review, the average FICO credit score now sits at 703. In addition to that being up two points from last year, it also marks a new record. More impressively, since 2010, the average has climbed 14 points. Not only has the average FICO score notched above 700 but the majority (59%) of Americans now...
Economic News
GasBuddy Predicts Average Cost Per Gallon to Remain Under $3 in 2020
Whether you're a frequent road tripper or a long commuter, there may be good news for the year ahead. According to the gas station-finding app GasBuddy, the national year average for gasoline is expected to stay below $3 a gallon once again in 2020. For transparency GasBuddy heads off their report with a look at some of their past predictions compared to the actual national average. For example their 2018...
Economic News
Minimum Wages Set to Increase in 24 States Next Year
With the new year just ahead, it looks as though several Americans will be seeing a raise in the coming weeks. As CNN reports, minimum wage hikes are set to take effect in 24 states throughout 2020. Moreover increases will also take place in 48 cities and counties across the country. While the majority of these changes will be effective as of January 1st — with 20 states and 25...
Economic News
Redfin Highlights Most-Changed Housing Markets of This Decade
With all the talk about how the end of the year is near, it's easy to forget that we're also approaching a new decade: the 2020s. Given the milestone, the real estate site Redfin has released a new report looking at which cities and markets have seen the greatest changes since 2010. It probably won't surprise many to learn that the price of homes in San Fransisco has increased sharply...
Economic News
U.S. and China Reach "Phase One" Trade Deal
After more than a year of heightened tensions, back-and-forth tariffs, and plenty of near misses, it seems that the United States and The People's Republic of China have reached a preliminary trade deal. As a result both nations are calling off new rounds of tariffs that were set to go into effect. Additionally the U.S. has cut tariffs on some Chinese imports by half. Word of the deal was first...
Economic News
