AllSides Balanced Search

What explains this year's pop in consumer spending? Boomers might be at least partially to blame.

The big picture: Social security recipients (of which retirees make up an overwhelming share) received an 8.7% cost-of-living adjustment this year — the single-largest increase in more than four decades. That is helping support spending, according to new research from Bank of America.

In so many ways, you still wouldn’t know it — not, that is, if you focused on the Pentagon budget or the economic growth paradigm that rules this country and our world — but this planet is in a crisis of a sort humanity has never before faced. Whether you’re considering heat in the American West, floods in Pakistan, the drying up of the Yangtze River in China, record drought in Europe, or the

Despite stubbornly high inflation, consumer spending in Mexico increased by 6.5% annually in 2022, according to data published by the national statistics agency INEGI on Monday. The data is based on INEGI’s monthly indicator of private consumption (IMCPMI), which measures household spending on domestic and imported consumer goods and services. This is one of the most important components of

U.S. rivals China, Russia and Iran will conduct joint naval drills in the Gulf of Oman this week, off the southern coast of Iran, China's Defense Ministry announced. Other unnamed countries will participate in the so-called "Security Bond-2023" military exercises, the People's Republic of China said Tuesday. Iran, Pakistan, Oman, and the United Arab Emirates each have coastline that touches