Retail gasoline prices have risen by $1.40 per gallon on average nationwide over the past year, squeezing consumer budgets and limiting spending on non-energy items. “If sustained, consumers will shell out nearly $160bn more for gasoline relative to last year,” a new report by Deutsche Bank says. Pump prices continue to soar, reaching another all-time high…

A significant number of Americans are concerned about rising prices and worried about the country sinking into recession this year, according to a CNBC/Momentive poll on financial literacy. Eighty-one percent of adults—91 percent of Republicans, 81 percent of Independents, and 73 percent of Democrats—expect recession to set in this year, according to the results of…

A significant number of Americans are concerned about rising prices and worried about the country sinking into recession this year, according to a CNBC/Momentive poll on financial literacy. Eighty-one percent of adults—91 percent of Republicans, 81 percent of Independents, and 73 percent of Democrats—expect recession to set in this year, according to the results of…

Commentary The Census Bureau has just issued its latest annual report, “Income and Poverty in the United States: 2020,” and American Enterprise Institute economist and blogger Mark Perry has extracted and summarized its highlights, as he does every year. Perry’s work is always illuminating because the data shows how much healthier the country is socially…

The household income of Americans fell last year as COVID-19-related lockdowns wrought havoc on the economy, according to new figures from the Census Bureau. The median household income was $67,521 in 2020, a decrease of 2.9 percent from the 2019 median of $69,560 and the first significant decline since 2011, the Census said in its findings published Sept….

Commentary Listening to all the rhetoric in the popular media, you would think America is the most unfair, racist nation in the world. You would think that black Americans are uniformly living in oppression and poverty, with no hope for the future, save the federal government arriving on the scene to their rescue. Sorry, liberals,…