household

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

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US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

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Inflation pushes U.S. household spending up $433 per month on average, Moody's says

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says

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People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average U.S. household is spending $433 more per month on the same goods and services than a year ago, according to Moody’s Analytics analysis of October inflation data. Although down slightly from the monthly figure …

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says Read More »

Total household borrowing reached $16.51 trillion in the third quarter, an increase of $351 billion from the previous quarter and an 8.3% jump from a year ago

US household debt climbs to $16.5 trillion, biggest jump since 2008

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US household debt soars to $16.5 trillion – an 8.3% rise in the fastest rise since 2008 – as inflation pushes Americans to tap lines of credit to afford rising prices U.S. household debt has risen 8.3% in the past year, the fastest pace since 2008 Total household borrowing hit $16.51 trillion in the third …

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More middle-class shoppers are heading to Walmart, Dollar General and other discount stores for better deals on groceries to save money amid soaring inflation

Middle-class shoppers turn to discount supermarkets as soaring inflation hits household budgets

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Middle-class shoppers, hit by decades-long high inflation, turned to discount supermarkets, which boosted sales at Walmart and Dollar General. Although inflation has fallen to 7.7%, it remains stubbornly high as Americans have felt the pain at grocery stores, with many opting to seek out better deals. While bread and milk are $4.79 and $8.99 respectively …

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