Estimated reading time: 3 minutes For many Americans, the traditional signifiers of success in this nation — buying a home, supporting a family, and saving for retirement — feel unreachable, per a Wall Street Journal poll. Out of Reach Nearly nine out of ten Americans (89%) believe owning a home is important to their future goals, according…Read more
Estimated reading time: 3 minutes Home Prices Hit New Highs U.S. home prices hit an all-time high in June, a tough pill to swallow for prospective home buyers as the housing unaffordability crisis is continuing. But there is some light at the end of the tunnel. For one, the Federal Reserve is expected to cut interest rates…Read more
Spending Slowdown Lower-income households have been hit harder by the high price environment of the past years. While wealthier households had the opportunity to downshift to cheaper grocery stores or store brand products, for example, those with less income may not have had that opportunity. Economists have characterized the economy as “bifurcated” or “two-speed” to…Read more
