Tag: Income
Bank of America Q2 profits drop as higher interest rates slow...
NEW YORK (AP) – Bank of America Corp. said its profits fell in the second quarter, as higher interest rates ate into BofA's expenses,...
Consumer confidence in U.S. falls in June as Americans fret about...
American consumers lost some confidence in June as expectations over the near-term future fell again.
The Conference Board, a business research group, said Tuesday that...
Income gaps highlight stark differences in communities
In a state as small as Rhode Island, dramatic shifts and differences in wealth should be few and far between.
But as this week’s cover...
U.S. consumer confidence continues to decline as Americans worry about the...
WASHINGTON (AP) – U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices...
Grad rates for low-income students lag while their debt soars
A recent federal study on graduation rates for American colleges and universities shows that 40% of all students did not earn a degree or...
American consumers feeling more confident than they have in two years
American consumers, fresh off strong holiday spending, are feeling more confident than they have in two years.
The Conference Board, a business research group, said...
Local fishermen charged with evading taxes on millions of dollars in...
PROVIDENCE – Six local fishermen, including two from Rhode Island, were charged with tax evasion and failing to file tax returns, the U.S. Department...
R.I. still among worst states for retirees
PROVIDENCE – Rhode Island is ranked among the worst states in the nation to retire in two new rankings, though things may be improving...
The case for higher taxes at the very top
The New York Times recently released a dramatic infographic showing how much less progressive the U.S. tax system has become since 1950. When the...
Poverty worse than gentrification
First, the good news. More white Americans want to live in heavily black neighborhoods. A 2016 paper by the National University of Singapore’s Kwan...