Conservatives are fighting guaranteed basic income programs using a surprising argument: They aren't universal
Conservatives groups are attacking guaranteed basic income programs for being discriminatory.
Economy
Detroit's population has grown for the first time in 66 years
From July 2022 to July 2023, Detroit's population grew for the first time in decades.
I used bots to work for Instacart. You need one to make the job worthwhile.
One Instacart shopper says bots like Lucky and ShopperX have helped him get bigger orders, faster. "If you can't beat them, join them," he said.
Rich Chinese millennials are creating new status symbols. Here are 11 ways they are redefining luxury.
Solo travel, pre-loved luxury fashion, and fine dining are all gaining popularity with this affluent group.
A rural Kansas county wants remote workers to move there. It's giving new residents $4,500 cash, an internet stipend, and fresh eggs.
Looking for a change? A rural county in Kansas is offering $4,500 cash and other perks for remote workers looking to relocate.
A boomer couple that was 'watching every single penny' they spent in the US moved to Portugal 2 years ago — and money isn't a concern for them in retirement anymore
Ann, 67, moved with her husband to Portugal after scraping together money to pay their expenses in the US. Their quality of life is much better now.
A millennial moved from Australia to Canada for her career. She said the people in Vancouver are welcoming, but the cost of living is high.
Kellsie Bain moved from Australia to Canada. While she misses people in Australia, she's happy in Vancouver and finds the country is beautiful.
Indonesia is using influencers and green pledges to promote its new $35 billion capital. Take a look at Nusantara.
Rising sea levels are threatening to swamp Jakarta, Indonesia's biggest city, so authorities are building a new capital called Nusantara.
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For working moms, it's some good news and some bad news
The cost of childcare is higher than ever, and more moms are working. What's going on?
Why Americans' confidence in finding a new job is tanking even as the labor market is humming along
Americans are the most pessimistic they've been in years about their chances of finding a new job if they lost their current one, a survey suggests.
Low-income Americans wait years to get housing vouchers that are often impossible to use. Fixing the system could mean more funding and less red tape.
Just 60% of voucher recipients nationwide actually use their vouchers to secure housing, which shows how difficult the benefit is to use.
Millennials have a fresh take on the FIRE movement, and it's less about taking it easy in retirement
As part of the FIRE movement, many millennials are looking to achieve financial independence but aren't hoping to retire early.
To feel middle class, you have to be wealthy
Middle-income Americans aren't middle-class; that's reserved for the rich now.
Meet the HIFIs: Their obsession with luxury will tank them
HIFIs are predominantly made up of millennials and Gen Zers who want to exude quiet luxury but can't keep up with their lifestyle creep.
Why the Fed may want to cut rates to tame inflation, according to BlackRock's bond chief
"I would lay out an argument that actually, if you cut interest rates, you bring down inflation," Rieder said.
Elite investor Ray Dalio says risk of US civil war is up to 40% — and thinks Taylor Swift could be a good president
Ray Dalio, the founder of the world's largest hedge fund, warned political division could escalate into war and hailed Taylor Swift's unifying power.
The white-collar recession means there are fewer $100K jobs — and women are landing them more often than men
Fewer people are being hired for $100k jobs. While women are less likely than men to apply, they're more likely to be hired for high-paying roles.
China just unveiled the strongest remedies yet for its troubled housing market
Beijing is removing floors on mortgage rates, offering cheaper housing loans, and reducing minimum down payments to stimulate China's property market.
Chinese shoppers are buying less than they used to — but they're spending on experiences
China's property market was still struggling as April new-home prices fell at their fastest pace in more than nine years.
Jamie Dimon says inflation is worse than people think, and that the market is too optimistic about a soft landing
"Inflation may not go away the way people expect it to," the JPMorgan CEO said, adding: "There are a lot of inflationary forces in front of us."
The consumer slowdown is here and its flashing a recession warning for the economy
American consumers - the backbone of the resilient US economy in recent years - appear to be winding down their wild spending spree.
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A millennial who's been applying to jobs for a year says he's encountered ghost jobs and scammers in his struggle to find a remote role
A Utah-based millennial was laid off from his tech job soon after he learned about a worrying health concern. He's struggled to find a job ever since.
Why the US isn't facing a stagflation threat even as growth slows, according to BofA
The firm says inflation is being driven by a strong consumer, which makes the current situation less perilous than past stagflation threats.
Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
Inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy.
Buckle up America: Powell says interest rates will likely stay higher for longer as inflation stubbornly refuses to come down
Fed Chair Jerome Powell said his confidence inflation will slow "is not as high as it was," meaning rate cuts likely won't come until later this year.
Meet a couple with 5 kids who are barely making it despite working 4 jobs: 'It shocks me that $100k feels like poverty'
April Schultz and her husband earn a gross income of $130,000, but it's not enough for their family of 7 to afford anything beyond the basics.
Biden's tariffs don't loosen China's grip on one key mineral in the EV economy
The CEO of Sila, a battery materials startup, says delaying graphite tariffs will slow investment in US battery supply chains.
Disneyland performers complain about painful costumes, low pay, and inflexible management as part of push to unionize
Disneyland performers in California say they face painful costumes, inadequate pay, and inflexible management, in a video pushing for a union.
Here's what the economy could look like with a Biden or Trump presidency
BI looked at President Joe Biden's and former President Donald Trump's plans for eight major economic categories that affect Americans' daily lives.
The GameStop guy is back. But he seems to be having a midlife crisis.
Roaring Kitty is tweeting after a three-year hiatus, and meme stocks like GameStop and AMC are going crazy. But the latest craze seems a bit hollow.
The weird new war over job hiring
AI bots are battling it out over job searches. No matter who wins, we all lose.
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Neither Russia nor China wants the Ukraine war to end, but for different reasons
Russian President Vladimir Putin is likely to make a sales pitch for a new natural-gas pipeline to China.
Student-loan borrowers just got 2 extra months to benefit from a temporary debt relief reform
Student-loan borrowers now have until June 30 to consolidate their loans and get the one-time account adjustments, moving closer to forgiveness.
Jamie Dimon says China's relationship with Russia will make it difficult for the US to fully engage with it
"We should count our blessings, be strategic, be very thoughtful, fully engage with China. They're not an enemy — but they're competing."
A 63-year-old working 2 jobs is worried about retirement. She says she's been overeducated and underpaid her entire career.
Cathy, a 63-year-old clerical worker in Minnesota, fears she may never be able to fully retire, even though she's worked her entire life.
A low-income millennial mom was evicted from her apartment but isn't 'homeless enough to get help'
Melissa Hedden can't afford to rent her own apartment but her family earns too much to receive government assistance.
Biden's new tariffs show he's willing to play hardball as China ramps up exports, Nobel economist Paul Krugman says
"Biden's moves are more than a symbolic gesture. They're a shot across the bow," Paul Krugman wrote about the new China tariffs.
Inflation slightly cooled off in April as expected
The Consumer Price Index increased by 3.4% in April from a year ago, matching the forecast.
People are raiding their savings and racking up debt, paving the way for economic pain, expert warns
Soaring prices and borrowing costs mean people are spending nearly every dollar they have just to stay afloat, top economist Stephanie Pomboy said.
15 cities where retirees are moving — most are in the South
Retirees are moving to warmer cities in Arizona, Texas, and Tennessee, many for lower living costs, while plenty are fleeing New York and Los Angeles.
Over half of Gen Z and millennials are living paycheck to paycheck — and college is one of the first things they're cutting from their budgets
A new Deloitte report found that the cost of living is a key reason millennials and Gen Z are choosing to forego higher education.
Office jobs are old news. Jobs without screens are booming.
Walmart and UPS offer six-figure salaries and lucrative benefits. White-collar workers, meanwhile, are facing layoffs and AI overlords.
Russia's defense ministry is now helmed by an economist, showing Putin's 'nerds' are performing better than his 'jocks': analyst
Russia's economic resilience is outshining its performance on the battlefields, per Eurasia Group's GZERO Media.
Russia's economy can't avoid a crisis forever and it's becoming more vulnerable to shocks, think tank researcher says
A researcher at the think tank CEPA wrote that the war is sapping Russia's economy, leaving economic policymakers with little room to maneuver.
Hackers really, really like trying to take over your food delivery apps
One-fifth of food delivery accounts from services like DoorDash and Uber Eats have been targeted by hackers, Sift said — more than other industries.
'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says
The next recession has likely been postponed by the trillions of dollars of stimulus spent during the pandemic, one Wall Street vet says.
Don't call them DINKs. Many childfree adults are ALICEs.
Half of Americans living in deep poverty are childfree adults because it's harder to access certain tax and government assistance without kids.
Americans with a college degree say they'd need at least a $100K salary to change jobs. But roles that pay in that range are getting harder to find.
It'll take at least a $100,000 salary to convince Americans with a degree to change jobs, New York Fed survey finds.
Texas' labor market is booming. Here are the 26 highest-paying jobs in the Lone Star State.
The job market is booming in Texas. Athletes, dentists, and dermatologists are high-paying jobs in the Lone Star State.
10 cities where Social Security and retirement incomes are the highest
Arlington, Virginia ranked highest in retirement account and Social Security income, followed by Cambridge, Massachusetts.