Public opposition to stripping away Social Security and Medicare benefits is high, even as policymakers grapple with long-term funding for these entitlement programs. Just 6% of adults favor reducing the size of Social Security benefits while 79% oppose. Raising the age of Social Security eligibility by three years to 70 […] Read more »
March Madness sports betting is a booming business for states
… WalletHub estimates there will be more than $10 billion worth of gambling around the 2023 edition of the NCAA Tournament. Over 50% of Americans will place an online wager on the event. Those are big numbers, and they are not all coming in strictly above-the-board methods. About 40% of […] Read more »
Republicans still trying to starve the beast
The GOP, which didn’t have much trouble supporting deep tax cuts during the presidency of Donald Trump, is now worried about the federal deficit. Republicans’ answer, once again, is to cut domestic spending. After that, they’ll propose more tax cuts, which will make the federal deficit and debt even larger, […] Read more »
Americans Largely Pessimistic About U.S. Prospects in 2023
Coming off several challenging years, Americans enter 2023 with a mostly gloomy outlook for the U.S. as majorities predict negative conditions in 12 of 13 economic, political, societal and international arenas. When offered opposing outcomes on each issue, about eight in 10 U.S. adults think 2023 will be a year […] Read more »
Inflation Expectations Decline Across All Horizons; Income and Labor Market Expectations Strengthen
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the November 2022 Survey of Consumer Expectations, which shows that inflation expectations decreased in November at the short, medium, and longer terms. Home price growth expectations continued to decline. Labor market expectations strengthened, while household income growth […] Read more »
Californians and Their Economic Well-Being
Jobs and the economy are a top concern as Californians set a future course in the November election. Although job growth has been relatively strong as the state and nation recover from the COVID-19 crisis, residents are dealing with rising prices on consumer goods and high gasoline costs. Lower-income Californians […] Read more »