Economy

    An older couple, smiling

    Baby boomers have now ‘gobbled up’ nearly one-third of America’s wealth share, and they’re leaving Gen Z and millennials behind

    American septuagenarians hold more than $85 trillion in assets—by far the most of any generation.

    By
    December 8, 2025

    Latest Stories

    More Economy

    Jerome Powell
    Economy

    Stocks: Everything is on hold until the Fed delivers that rate cut on Wednesday

    By
    December 8, 2025
    Macron warns EU may hit China with tariffs over trade surplus
    Economy

    Macron warns EU may hit China with tariffs over trade surplus

    By James Regan and Bloomberg
    December 7, 2025
    U.S. trade chief says China has complied with terms of trade deals
    Economy

    U.S. trade chief says China has complied with terms of trade deals

    By Hadriana Lowenkron and Bloomberg
    December 7, 2025
    Jerome Powell faces a credibility issue as he tries to satisfy hawks and doves at the most divided Fed in recent memory
    Economy

    Jerome Powell faces a credibility issue as he tries to satisfy hawks and doves at the most divided Fed in recent memory

    By
    December 7, 2025
    JPMorgan CEO Jamie Dimon says Europe has a ‘real problem’
    Economy

    JPMorgan CEO Jamie Dimon says Europe has a ‘real problem’

    By Katherine Chiglinsky and Bloomberg
    December 6, 2025
    The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
    Economy

    The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says

    By
    December 6, 2025
    Trump
    Politics

    Trump finally meets Claudia Sheinbaum face to face at the FIFA World Cup draw

    By Will Weissert and The Associated Press
    December 6, 2025
    U.S. consumers are so financially strained they put more than $1 billion on buy-now, pay later services during Black Friday and Cyber Monday
    Retail

    U.S. consumers are so financially strained they put more than $1 billion on buy-now, pay later services during Black Friday and Cyber Monday

    By Jeena Sharma and Retail Brew
    December 5, 2025
    Schumer
    Politics

    ‘This is a bad idea made worse’: Senate Dems’ plan to fix Obamacare premiums adds nearly $300 billion to deficit, CRFB says

    By
    December 5, 2025
    Trump calls affordability a ‘Democrat scam’ and ‘con job’—but nearly three-quarters of his voters think cost of living is bad or the worst ever
    Economy

    Trump calls affordability a ‘Democrat scam’ and ‘con job’—but nearly three-quarters of his voters think cost of living is bad or the worst ever

    By
    December 5, 2025
    Construction workers are getting a salary bump for working on data center projects during the AI boom.
    AI

    Construction workers are earning up to 30% more and some are nabbing six-figure salaries in the data center boom

    By
    December 5, 2025
    Young family stressed over finances
    Success

    People making six-figure salaries used to be considered rich—now households earning nearly $200K a year aren’t considered upper-class in some states

    By
    December 5, 2025
    Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia.
    Economy

    Ray Dalio says ‘a little bit of everything’ is needed to prevent a debt crisis—but it won’t happen anyway

    By
    December 5, 2025
    Scott Bessent speaks with Andrew Ross Roskin at Dealbook Summit
    Law

    Treasury Secretary Bessent insists Trump’s tariff agenda is ‘permanent,’ saying the White House can re-create it even with a Supreme Court loss

    By
    December 5, 2025
    Trump
    Politics

    ‘We fixed inflation, and we fixed almost everything’: Trump travels to Pennsylvania to talk affordability while denying it’s a problem

    By Josh Boak and The Associated Press
    December 4, 2025
    Bear
    Retail

    Build-A-Bear stock falls 15% as it reveals the real hit from tariffs, at last

    By Michelle Chapman and The Associated Press
    December 4, 2025
    Gen Z
    Economy

    America, meet your alienated youth: ‘Gold standard’ Harvard survey reveals Gen Z’s anxiety and distrust, defined by economic insecurity

    By
    December 4, 2025
    The outside of a Dollar General store, at night
    Retail

    Dollar Tree says the majority of its new customers earn at least $100,000 a year

    By
    December 4, 2025
    Zohran Mamdani, in front of a brick building, smiles as he holds a press conference.
    Real Estate

    ‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida

    By
    December 4, 2025
    Hassett, Bessent
    Economy

    Tariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’

    By
    December 4, 2025
    Hassett
    Banking

    Market doubts Hassett can deliver at Fed, PGIM’s Peters says

    By Ruth Carson and Bloomberg
    December 4, 2025
    Jerome Powell, chairman of the US Federal Reserve, during the Hoover Institution's George P. Shultz Memorial Lecture Series in Stanford, California, US, on Monday, Dec. 1, 2025.
    Economy

    For Wall Street, pandemic-level bad news for jobs is good news for stocks—it pushes the Fed further into cutting territory

    By
    December 4, 2025
    Traders Michael Urkonis, left, and Fred Demarco work on the floor of the New York Stock Exchange, Tuesday, Dec. 2, 2025.
    Investing

    Wall Street drifts while Dollar General and Spam sales jump in a market hungry for affordability

    By Stan Choe and The Associated Press
    December 4, 2025
    Factory worker on assembly line.
    Success

    Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it’s the one trade job Gen Z doesn’t want

    By
    December 4, 2025
    Donald Trump
    Politics

    ‘There’s this fake narrative that the Democrats talk about, affordability’: Trump keeps dismissing cost of living as his party struggles to hold seats

    By Meg Kinnard, Joey Cappelletti and The Associated Press
    December 4, 2025
    Jerome Powell
    Commentary

    Fed officials like the mystique of being seen as financial technocrats, but it’s time to demystify the central bank

    By
    December 4, 2025
    Bastian
    Politics

    Delta took $200 million hit from longest government shutdown in history, filings reveal

    By Rio Yamat and The Associated Press
    December 4, 2025
    President Donald Trump attends a cabinet meeting at the White House in Washington, DC on December 2, 2025.
    Economy

    Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt

    By
    December 4, 2025
    Greg Abbott and Sundar Pichai sit next to each other at a red table.
    AI

    Bank of America predicts an ‘air pocket,’ not an AI bubble, fueled by mountains of debt piling up from the data center rush

    By
    December 3, 2025
    Bessent
    Economy

    Scott Bessent calls the Giving Pledge well-intentioned but ‘very amorphous,’ growing from ‘a panic among the billionaire class’

    By
    December 3, 2025

    Most Popular