Page 22 - Adison Hoff News Today

Households are pivoting from buying up goods to spending big on services. The transition is keeping the recovery alive, but it comes with some risks.

Corporate recruiter is the top-rated job by Gen Z, according to a Glassdoor report. Realtor is the top-rated job by millennials.

Just 8% of Americans moved in 2021 — the lowest rate since at least 1948. The high costs of housing and childcare are a big reason why.

The University of Michigan's Consumer Sentiment Index hit a three-month high in early August as tumbling gas prices boosted Americans' economic moods.

The inflationary gap between restaurants and grocery stores hasn't been this large since the 1970s. Restaurant chains say that coupon cutting is up.

Homebuyer incomes jumped in pandemic boomtowns like Boise and Austin as remote workers and other newcomers moved in, a Redfin analysis found.

Per a Bankrate survey, 53% of respondents in middle-income households believe inflation will change how they do their back-to-school shopping.

Leisure and hospitality workers' inflation-adjusted wages rose 0.2% in the year through July. Most others have seen their buying power crumble.

Some sectors, like warehousing and storage, have fully rebounded and then some. Others, like travel agencies, remain a long way from recovery.

Americans' median one-year expected inflation rate slid to 6.2% in July from 6.8%, according to New York Fed. The three-year rate also dipped.