Nora Gordon

1 month ago | econofact.org | Keshav Srikant |Michael Klein |Nora Gordon |Jennifer Hunt

While one survey by LendingClub found that more than 60% of Americans reported living paycheck to paycheck, others recorded lower numbers. LendingClub asked 3,252 U.S. consumers if they needed their next paycheck to cover their monthly spending; 62% answered yes. In contrast, the Federal Reserve found that 54% of Americans have emergency savings to cover three months of expenses.

Oct 24, 2024 | hoover.org | Nora Gordon

MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests. Watch this video for an overview of MyHoover. Create Account

Oct 24, 2024 | hoover.org | Paul Peterson |Nora Gordon

MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests. Watch this video for an overview of MyHoover. Create Account

Jun 7, 2024 | econofact.org | Gabriel DeLuca Vinocur |Michael Klein |Nora Gordon |Jennifer Hunt

Economic conditions in the 1970s were significantly worse than today’s. Stagflation is persistent high inflation combined with low growth in national income and high unemployment. This situation characterized the U.S. and other industrial countries for much of the 1970s. Averages for these markers from 1974 to 1975 as compared to those in 2023 through the first quarter of 2024 were:Inflation: 10.1% versus 4.0%. Unemployment: 7.1% versus 3.7%. Real GDP growth: -0.4% versus 2.6%.

Jun 6, 2024 | econofact.org | Luke Heald |Michael Klein |Nora Gordon |Jennifer Hunt

Gas costs in April 2024 were about the same as those in April 2023. The U.S. Energy Information Administration records weekly, monthly, and yearly averages of all formulations of regular retail gasoline prices. In April 2023, the recorded price was $3.60. In April 2024, it was $3.61 — a difference of about one penny. Gas prices in the first four months of 2024 ($​​3.33) averaged about 11 cents lower than in the first four months of 2023 ($3.44). Gas prices rose 17% between January and April 2024.