ALICE Report shows 40% of Michigan families are financially insecure
The research reveals indicators that contribute to financial hardship in the state, showing 1.6 million households in Michigan are financially insecure.
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The research reveals indicators that contribute to financial hardship in the state, showing 1.6 million households in Michigan are financially insecure.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Stubbornly high inflation and mounting debt are weighing on many people's finances — and their minds.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
The average cost of a dozen Grade A eggs fell to $4.21 last month from a high of $4.82 in January.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Easing inflation and a strong labor market are helping consumers feel better about the economy this month, according to a closely watched survey released Friday by the University of Michigan.
Valentine's spending is expected to go up year-over-year as consumers expand their gift-giving to friends — and even pets.
Stocks closed higher on Wall Street, marking the market's third winning week in the last four.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
With egg costs more than doubling in the past year, calls are coming for an investigation into possible price gouging.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Some people in the market to buy a house said that even though the interest rates are more than double, they would prefer to buy right now as opposed to when the interest rates are low because it was such a buying frenzy.
In the mid-1970s inflation was so high, the president referred to it as "public enemy #1" – and turned to Madison Avenue to come up with an ad campaign and rallying cry, "Whip Inflation Now."
Bedrock and General Motors are proposing a $2.2 billion redevelopment of the RenCen and east riverfront, but it comes with about $473 million in public incentives.
A three-year-old boy in Pontiac is dead after investigators say the child got a hold of an unsecured gun.
CBS News Detroit talked with two political science professors on Wednesday, and they both said political debates are meant to be a job interview of sorts.
As the Eastpointe City Council voted to terminate its contract with Flock cameras, officials say two police department employees were under investigation for allegedly misusing the technology.
Dylan Larkin will not skate with the Detroit Red Wings when training camp starts on Thursday due to an upper-body injury, according to interim general manager Shawn Horcoff.
CBS News Detroit talked with two political science professors on Wednesday, and they both said political debates are meant to be a job interview of sorts.
Michigan Democratic Senate candidate Abdul El-Sayed met with Senate Democrats as they look to rally around his candidacy in the final sprint to November's election.
A federal lawsuit says the University of Michigan wrongly denied in-state tuition to the son of a Foreign Service officer and a USAID employee who declared Ann Arbor as their permanent home while stationed abroad.
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
Bedrock and General Motors are proposing a $2.2 billion redevelopment of the RenCen and east riverfront, but it comes with about $473 million in public incentives.
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
The spike in prices has also sparked differing opinions among drivers about who's to blame.
A Ford contract employee was taken to a hospital following an incident on Monday morning at the Michigan Assembly Plant in Wayne, Michigan.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
The list of 50 restaurants is made from a team of 16 scouters who travel the country and try food at all kinds of places, according to the NYT.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Dearborn Mayor Abdullah Hammoud told rapper Macklemore he's "always welcome in Dearborn" after venues on Ed Sheeran's stadium tour refused to include him.
There are plenty of Halloween-themed events to choose from this fall in Metro Detroit. Here's a list.
The Romeo Peach Festival, which one visitor described as a celebration of "peach everything!" wrapped up on Monday. Here's a look at the food and activities.
The school immunization waiver rate climbed to 7.1% last year from 6.2% in 2024, the fifth straight year of decline and the highest exemption rate since 2010. Michigan is now outpacing the national average.
The two have spoken repeatedly since Harris endorsed El-Sayed after his primary win, but next week's roundtable will be the first time they appear in public together.
Michigan Democratic Senate candidate Abdul El-Sayed met with Senate Democrats as they look to rally around his candidacy in the final sprint to November's election.
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
The previous votes have failed to stop President Trump from waging war with Iran.
The school immunization waiver rate climbed to 7.1% last year from 6.2% in 2024, the fifth straight year of decline and the highest exemption rate since 2010. Michigan is now outpacing the national average.
The standardbred-Friesian mare is currently undergoing treatment and is believed to be unvaccinated, according to state officials.
A new four-legged team member is already making an impact on students at Polk Elementary School in Dearborn Heights.
Over the last six years or so, the DNR has been installing these viewers at different parks across Michigan, basically one by one.
The presence of ricin in a substance linked to an apartment complex in Hastings, Michigan, has been confirmed, the Barry-Eaton District Health Department said Saturday, two days after a potential exposure to the poison was reported.
Dylan Larkin will not skate with the Detroit Red Wings when training camp starts on Thursday due to an upper-body injury, according to interim general manager Shawn Horcoff.
The Mid-American Conference says it will move to a nine-game conference schedule in 2028.
Spencer Torkelson hit a three-run homer, Drew Anderson pitched five shutout innings and the Detroit Tigers won their sixth straight game by thumping the Toronto Blue Jays 10-1.
The Detroit Red Wings will start training camp this week with leaders of the front office and the team in limbo.
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
At the top of the list is the open U.S. Senate contest between Democrat Abdul El-Sayed and Republican Mike Rogers.
The Detroit Regional Partnership, which has been around for six years, has been a significant catalyst, helping bring numerous jobs and companies to the region.
The roundtable talks politics, civility and issues that will resonate this fall in various elections.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
Bedrock and General Motors are proposing a $2.2 billion redevelopment of the Renaissance Center and east riverfront, but it comes with about $473 million in public incentives.
A three-year-old boy in Pontiac is dead after investigators say the child got hold of an unsecured gun.
The Federal Reserve raised interest rates for the first time since 2023 on Wednesday. Natalie Brand reports.
A 3-month-old baby in Monroe, Michigan, was rescued from a bedroom after police and firefighters discovered a working house fire while responding to a 911 medical emergency call.
CBS News Detroit talked with two political science professors on Wednesday, and they both said political debates are meant to be a job interview of sorts.