Skyline Advisors
  • Services
  • Team
  • Transactions
  • Industries
  • Reports
  • News
    • Capital Markets
    • Firm News
    • Resources
  • Contact
    • Newsletter

Partners for Strategic Transactions

American Poverty Hits Lowest Level since 2006

9/20/2018

 
Last week, the Census Bureau announced that Americans’ incomes are growing and poverty is shrinking. The Federal Reserve announced that consumer credit grew more than expected in July. Lastly, the Labor Department concluded that job openings increased to a record-high level.
  • According to data released by the U.S. Census Bureau, Americans appear to be benefiting from the strength of the economy. For the third consecutive year, Americans’ incomes rose and poverty fell. When adjusted for inflation, median household income climbed 1.8% in 2017 to $61,372. Further, the number of Americans in poverty fell 0.4% to its lowest level since 2006, before The Great Recession. Over the last three years, incomes have grown 10.4%, but there are concerns that the growth rate is slowing and some say incomes are not statistically different from incomes earned in the late ‘90s.

  • Data released last week by the Federal Reserve show that consumer borrowing grew at an annualized 5.1% in July. Consumer credit rose $16.6 billion to a seasonally adjusted $3.91 trillion, greater than economists’ expectations of approximately $13.9 billion. Student and auto loans jumped up 6.4%, the greatest climb in eight months. Revolving credit, such as credit cards, grew only a modest 1.5% in the month. In the big picture, debt levels have been trending slightly downward, giving rise to concerns about the viability of consumer spending to drive the economy going forward.
​
  • New job openings rose to a record high in July, according to the monthly Job Openings and Labor Turnover Survey released by the Labor Department. Job openings rose 117,000 to 6.94 million, coming in just under expectations, but still signaling robust and growing demand in the labor market. Further, new hires in the month clocked in at 5.7 million, while separations totaled 5.5 million.

Comments are closed.

    Archives

    May 2022
    January 2022
    November 2021
    August 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    December 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017

    Categories

    All
    Auto Sales
    Bankruptcies
    Capital Markets
    Confidence
    Corporate Profits
    Debt
    Economy
    GDP
    Holiday
    Housing
    Industrial Production
    Inflation
    Initial Public Offerings
    Interest Rates
    Inventories
    Jobs
    Manufacturing
    Mergers And Acquisitions
    Middle Market
    Prices
    Private Equity
    Productivity
    Retail Spending
    Rural Economy
    Small Business
    Stock Market
    Taxes
    Trade
    Venture Capital
    Wages

    RSS Feed

Picture
​Skyline Advisors is a division of Ideation Ventures, Inc. Services involving securities are offered through M&A Securities Group, Inc.4151 N Mulberry Drive Suite 252, Kansas City, MO, 64116  (“MAS") . Services involving real estate brokerage are offered through Berkshire Hathaway HomeServices Ambassador Real Estate ("BHHS"). Skyline, MAS, and BHHS are separate entities. 
​

COPYRIGHT 2020. ALL RIGHTS RESERVED.
Virtual Data Room
Company   Services   Team   Transactions   Industries   Reports   News
Photo used under Creative Commons from inkknife_2000 (8.5 million views +)
  • Services
  • Team
  • Transactions
  • Industries
  • Reports
  • News
    • Capital Markets
    • Firm News
    • Resources
  • Contact
    • Newsletter