A record number of people used food banks in Canada this year, with high inflation and low social assistance rates cited as key factors in the rise, according to a new report.

During a House of Representatives hearing on Wednesday, United States Congresswoman Katie Porter (D-California) grilled Mike Konczal, the director of Macroeconomic Analysis at the Roosevelt Institute, over the primary cause of inflation in the post-COVID-19 economy.

Social Security recipients will receive an annual cost-of-living adjustment of 8.7% next year, the largest increase since 1981, the Social Security Administration announced Thursday. The spike will boost retirees’ monthly payments by $146 to an estimated average of $1,827 for 2023.

A whopping 64% of residents in Silicon Valley are worried the region is on the wrong track.

The world is facing a huge rise in civil unrest. The impact is evident across the globe, with popular discontent over rising living costs emerging.

All of the projects proposing to manufacture hydrogen where sunshine and wind are constant and cheap and ship it to where energy is consumed are ignoring fiscal reality and the obvious alternative of HVDC transmission.

Our senior economics writer picks five books for those starting to study the subject

The rising price of cod, sunflower oil and energy has left many shops struggling to survive.

Environmental review laws have become a favorite scapegoat among those who lament our inability to build ambitious infrastructure, but the problem runs much deeper.

The "Great Salary Convergence" is a phenomenon that's changing how Americans get paid. Also, Elon Musk said his $44 billion Twitter takeover could still happen

Just months ago, 80% of tech workers were confident enough in the job market to consider switching roles.

Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike.

Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday.

In May 2021, a shipping source told me to expect the “transitory” inflation Americans were seeing to get much worse. His cost to ship containers from China to the U.S. had jumped from $2,000 prepandemic to $20,000. So companies selling imported goods—from clothing to food—would soon pass that 10X increase to us. He planned to do his holiday shopping early.

The separate poverty guidelines for Alaska and Hawaii reflect Office of Economic Opportunity administrative practice beginning in the 1966-1970 period. Note that the poverty thresholds — the original version of the poverty measure — have never had separate figures for Alaska and Hawaii.

The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.

When it comes to financing options, consumers now have alternatives to credit cards in the form of “Buy Now, Pay Later” services. These services such as Affirm, Afterpay, Klarna and PayPal Credit allow consumers to make interest-free installment payments on a purchase over the course of several weeks. According to respondents, 60% say they have used a Buy Now, Pay Later service. Of those, nearly half (46%) are currently making a payment or payments through one of those services.

The unfair increase of prices and the decay of the industry

“Bitcoin fixes this.” — it’s a meme you’ll see if you spend any time talking with Bitcoiners. Dog pooped in the living room? Bitcoin fixes this. Late for work? Bitcoin fixes that too. Ok, maybe it doesn’t fix everything, although I could make a straight faced argument how Bitcoin could possibly fix those. In truth, an absolutely monstrous number of problems are created by broken money and it’s completely not obvious that it’s because of the broken money.