Economic Report

Trump Tax Proposal Analysis Shows Top 1% to Receive Huge Gains

Trump Tax Proposal to Benefit Ultra-Rich, New Analysis Reveals

Despite claims otherwise, the Trump tax proposal is again being criticized for disproportionately helping the wealthy while the middle class will receive less-than-promised, according to a new analysis released on Monday. People earning more than $730,000 a year would get an average cut of more than $37,000, according to the Tax Policy Center. This would (more…)

U.S. Stock Market Drop Hurts Dollar

U.S. Stock Market Drop Hurts Dollar

Despite the recent run of good news for the stock market, Tuesday saw many U.S. stocks come crashing down, showing big losses in a single day, and the U.S. stock market drop, harming the greenback. Some of the biggest losers on the day include Chipotle Mexican Grill, Inc. (NYSE:CMG) and Advanced Micro Devices, Inc. (NASDAQ:AMD), both (more…)

American Debt Rises in 2017: Mortgage Debt Biggest Burden

Mortgage Debt Biggest Contributor to Overall American Debt Despite feeling burdened, Americans are continuing to rake in more and more debt. American debt has soared to Great Recession levels this year, hitting a whopping $13.0 trillion.  While not every single American may be in debt, the majority is. The latest study carried out by GoBankingRates has (more…)

Louisiana Ranks No. 1 Among U.S. States Unprepared for Recession

U.S. states unprepared for recession

Moody’s Finds One-Third of U.S. States Unprepared for Recession Not all U.S. states are in a shape to deal with a recessions. Ratings agency Moody’s Corporation has found that about one-third of U.S. states do not have the ability to withstand recessionary pressures. Louisiana, North Dakota, and Oklahoma top the list of U.S. states unprepared for recession. Analysts (more…)

Californians Facing Housing Shortage After California Wildfires

California Facing a Housing Shortage as Wildfires Burn Down Thousands of Homes Californians are facing a housing shortage as the state deals with a historic catastrophe. The California wildfires have already burnt down thousands of houses in Northern California, and despite firefighters making significant progress over the weekend, the fires are still continuing to force (more…)