Core Insights - More than half of Americans are working longer hours than six months ago due to the cost of living crisis, which has led to reduced spending and increased side hustles [1][4] - The number of U.S. consumers identifying as "financially unhealthy" has remained stable, indicating ongoing financial strain without short-term improvement [2][6] - Approximately 70% of consumers report that the cost of goods is rising faster than their incomes, contributing to the need for longer working hours [3][7] Economic Indicators - The consumer price index rose by 2.9% year-over-year in August, with food prices increasing by 3.2% during the same period [4] - The percentage of financially vulnerable consumers remains at 64%, unchanged from six months ago, while the figure for those feeling financially healthy is significantly lower [6][8] - The proportion of consumers stating that prices are rising faster than their incomes has improved slightly from 71% to 68% [7]

Joining us now, House Minority Leader and New York Congressman Hakee Jeff. Thank you very much for joining us. >> Good afternoon.Great to be with you. >> So, prices are are going up. People are struggling.They're struggling at the grocery store. They're struggling to buy a home. You heard the average uh age of a homeowner is now 38 years old.How does this shutdown help them. >> Uh, it doesn't help them at all. Well, it's day 13 of the Trump Republican shutdown, and House Republicans have actually now cancel ...

Rick Stein’s group is one of the largest private sector employers in Cornwall - Andrew Crowley Rick Stein’s restaurant empire has been hit by mounting losses and falling customer numbers as it grapples with the impact of Rachel Reeves’s tax raid on employers. The TV chef’s Cornwall-based restaurants, hotels, shops, cookery school and e-commerce business saw revenues fall and losses widen last year. Revenues at the Seafood Restaurant (Padstow), Mr Stein’s company, dropped by £1.3m to £18.9m in 2024. Pr ...

The CPI fails to capture the cost of living crisis for many Americans, argues a former US comptroller of the currency https://t.co/wNp0A7iF0Z ...