Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.
Category: Income
-
I.R.S. Changes Audit Practice That Discriminated Against Black Taxpayers
The agency will overhaul how it scrutinizes returns that claim the earned-income tax credit, which is aimed at alleviating poverty.
-
Poverty Rate Soared in 2022 as Aid Ended and Prices Rose
The increase in poverty reversed two years of large declines. Median income, adjusted for inflation, fell 2.3 percent to $74,580.
-
Actors are Turning to Cameo Amid SAG-AFTRA Strike
Others are using the service, through which fans can pay for personalized videos, to engage with followers while not publicly promoting work.
-
GDP Revision Shows Bigger US Economic Growth in Q1
Government data showed that G.D.P. rose at a 2 percent rate in the first quarter, better than initially reported.
-
How Are New Yorkers Handling the Costs of Child Care?
The New York Times is interested in exploring how New York City residents are navigating the costs and challenges of care.
-
Has ‘Gig Work’ Become a Dirty Word?
If work for companies like Uber and Lyft once carried some appeal for offering flexibility, the kind of labor it has come to represent is now used by some as shorthand for a raw deal.
-
Consumer Spending Rose More Than Expected in April
New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.
-
More Americans Say Finances Are Tighter Because of Inflation
A new Federal Reserve survey finds that the strong job market hasn’t been enough to offset the rising cost of living for many families.
-
Once an Evangelist for Airbnbs, She Now Crusades for Affordable Housing
Precious Price ditched her profitable business of renting home stays to tourists to combat the mounting housing crisis.