There’s a Growing Split in the Middle of the Economic Distribution for Americans Nearing Retirement Age
A study by health policy researchers at Columbia University Mailman School of Public Health and University of Southern California projects that the expected health and economic well-being of Americans nearing retirement age in the lower half of the economic distribution today is no better than that of their counterparts more than two decades ago.
The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom
Tight inventory in the US housing market helped push its total valuation a new all-time record of $46.8 trillion in June, according to Redfin.
California could borrow a record-breaking $35 billion to tackle the housing crisis
California voters regularly name out-of-reach housing costs and homelessness as among the most important issues facing the state. Now lawmakers are calling their bluff. Next year the electorate will likely get the chance to put unprecedented gobs of money where its mouth is.
Regulators take aim at AI to protect consumers and workers
As concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation’s financial watchdog says it’s working to ensure that companies follow the law when they’re using AI.
US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years.
