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A new report from the Federal Reserve claims that the average American household actually saw an increase in its net worth during the Chinese pandemic ... In 2019, the median U.S. household had a net worth of $141,100, adjusted for inflation. In 2022, that number rose to $193,000. At the same time, various measures of “financial fragility” declined over the same period, with the median debt payments as a share of income falling to 13.4%, the lowest rate in the 33 years since the survey was first started. “It’s especially striking given the massive job loss we saw when the...

The Heritage Foundation found that the United States’ current provision of $113 billion in aid to Ukraine costs $900 per American household. “The formal aid packages alone amount to a staggering $113 billion—roughly $900 per American household and almost 12 times the spending cuts promised by House leadership in the annual spending bills,” Richard Stern, the director of the Heritage Foundation Hermann Center for the Federal Budget, told the Daily Signal.

It’s extraordinarily well-documented how much of a disadvantage children from single-mother households have over children whose parents remain together, but less well-documented is how much of a disadvantage they have over single-father households. For example, studies have found that children that from single-mother households are 5 times more likely to commit suicide than children from both unbroken households and single-father households, 9 times more likely to drop out of high school, 10 times more likely to abuse chemical substances, 14 times more likely to commit rape, 20 times more likely to end up in prison and 32 times more likely...

A majority of the world’s wealth is concentrated in just a few countries. In fact, as Visual Capitalist’s Carmen Ang details below, almost a third of household wealth is held by Americans, while China’s population accounts for nearly a fifth. Using data from Credit Suisse, this graphic by Eleonora Nazander shows the distribution of household wealth worldwide, highlighting the wealth gap that exists across regions. Top 10 Wealthiest CountriesTo help simplify things, this graphic shows how much household wealth each country would have if the world only had $100. As the graphic illustrates, the top 10 wealthiest countries would hold...

It’s not only getting more expensive to buy a home. It’s also getting much costlier to furnish a home. The price of household furniture jumped 1.2 percent in July, according to Producer Price Index data released Thursday. Compared with a year ago, the index for home furniture is up nine percent. A broader category that includes furniture and other household durable goods is up 7.2 percent, the largest gain since 1980. This is not a category showing big annual gains due to a dip in prices last year. Prices for household durables actually rose last summer. But over the last...

Household supplies from detergent to diapers are poised to slap consumers with sticker shock this fall, even as the US slowly emerges from the pandemic. Procter & Gamble — the maker of Tide detergent, Pampers diapers and Gillette razors — said Tuesday it plans to raise prices on a slew of products by September, citing the rising cost of raw materials and shipping.

Throughout all of human history, and all over the world (independent of culture), families fall into only two distinct categories. These categories are simple but fundamental. They describe how the families operate. Of course, there are other ways to break down the composition of families and their structure. These other ways are complex and serve no purpose other than to confuse. In these other arrangments, you have families classified by the number and types of children, and the marriage states of the primary caregivers, as well as the gender variations, present in the families. It is silly. Really. All are...

Save yourself a trip to the store by taking a look at what you have at home. You might be surprised what you can do with common household items.

We’ve had requests for a thread on ‘kitchen problems’, so I thought we’d do it this week. * I cleaned out my refrigerator a few days ago, and was reminded of something I used to do and must start to do again. No matter how careful you are, there are always drips and leaks, or mess from a forgotten, rotten vegetable, staining up your refrigerator – especially the little shelves on the door. A good idea is to cut craft paper – or a brown paper bag – to fit those spaces, and then just change the paper out a...

Americans got a raise in 2015 -- their first significant pay hike in eight years -- as the U.S. median household income rose 5.2% to $56,516, according to new data from the U.S. Census Bureau. But income of the typical U.S. home still remained below that of 2007, the year before the most recent recession, when median household income was $57,423. That was the last year that U.S. homes saw a significant annual increase, the bureau said. In 2014, the median income was $53,718, the bureau said in its report Income and Poverty in the United States: 2015, released Tuesday....

LG unveiled a bunch of new things at the 2016 Consumer Electronics Show...One of its new products is a fridge that looks like a giant smart phone. But the funny looking fridge comes with some innovative features. The first is a feature that lets you knock on the right fridge door to view contents without actually opening it up. This keeps food fresher and prevents you from grazing. The second is a smart sensor detector at the foot of the fridge that opens the door automatically when your hands are full of groceries.

In 2014, just 14 percent of children under the age of 18 were living with parents in their first marriage with a father who worked and a stay-at-home mother. In the 1960s 50 percent of children lived in that family environment, declining to 26 percent in 1980 and continuing to decline until the 1990s when Pew reports the level began to remain more steady.

The net worth of U.S. households rose in the first quarter due to the rising value of homes and investments, a positive sign for the outlook for consumer spending. The increase added $1.6 trillion to the total wealth of American families, putting it at a new record high of $84.9 trillion, a report by the Federal Reserve showed on Thursday. While the economy and consumer spending was sluggish in much of the first quarter, the data suggests U.S. households are on a better financial footing and consumers may open their wallets more. Many economists believe that consumers spend a few...

I spend a lot of my time mulling over the large purchases in my life. And for good reason. Still, I tend to forget about the small, everyday things that matter most and have the power to make life a whole lot easier. The following household items are extremely useful and — better yet — each costs less than $10. 1. Chip clips I don't know why it took me so long to purchase a set of inexpensive chip clips for our kitchen. We end up using them for far more than just sealing bags for freshness. Use magnetic clips...

We've previously written about clever uses for everyday objects, but you can never have enough life-hack tips.In a recent /r/AskReddit thread, the Reddit community dug deep to come up with even more neat uses for everyday objects that are easily found in the home.Some of their responses were absolutely genius. Here are some of our favorites:1. Remove sticker residue with baking soda Flickr/Crafty Goat"To remove sticker residue, make a mix of baking soda and just a couple drops of water and rub it over the goo. I prefer that method over using smelly solvents or oil that I'd have to wash...

If the economy is getting better, then why do incomes keep falling? According to a shocking new report that was just released by the U.S. Census Bureau, median household income (adjusted for inflation) has declined for five years in a row. This has happened even though the federal government has been borrowing and spending money at an unprecedented rate and the Federal Reserve has been on the most reckless money printing spree in U.S. history. Despite all of the "emergency measures" that have been taken to "stimulate the economy", things just continue to get worse for average American families. Americans...

In case you wanted some inspiring ideas for all that disposable income you’ve got just sitting around.

(CNSNews.com) - Under President Barack Obama, the federal government's debt has increased by an amount per household that exceeds the annual median household income. Since Obama’s first inauguration on Jan. 20, 2009, the federal debt has climbed $6,167,472,778,984.22. That equals about $53,616 for each of the 115,031,000 households the Census Bureau currently estimates are in the country. By contrast, the Census Bureau’s most recent estimate of the median household income was $50,502 (for 2011).

Indulge me for a quick moment....Looking at the jobs report today, we see the household survey showing a massive 583,000 jump in the number of part-time workers, the largest since 1983. As part of the explanation, workers commented they took part-time because of "slack business conditions or the only jobs they could find."So why, in September 2012 would this increase happen?I am not one to believe the numbers were faked. Nor do I necessarily believe, though I do not discount, the survey process being flawed to the point of causing this increase. I actually think it is because of a...

The Gloria Steinem generation convinced women that they were not doing jobs. Women were told they were being slaves to their families, and not getting paid for it. In lousy economic times, these newly learned old skills give women a bigger choice of where to spend money. They can cut corners by mending, canning, and growing a garden. They have the power and flexibility to fill their pantries and not depend on the government or stores in difficult times.