MAP: Where Rich People Moved and Drove up Median Incomes, Home Prices
Homebuyer incomes jumped in pandemic boomtowns like Boise and Austin as remote workers and other newcomers moved in, a Redfin analysis found.
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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.