The upper middle class is now the largest income group in the U.S.
America's middle class is shrinking, but not because people are getting poorer. Instead, more households are climbing the ladder, new research suggests.
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America's middle class is shrinking, but not because people are getting poorer. Instead, more households are climbing the ladder, new research suggests.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
A slowdown in immigration and lower birth rates could crimp the U.S. economy by shrinking the nation's workforce, researchers say
U.S. stocks sank on Tuesday following President Trump's weekend threats to impose tariffs on some NATO trading partners.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
Holiday spending is hitting new records, but some data shows that people are buying fewer items amid higher prices.
Verizon must "evolve as a company" by slashing costs and restructuring, the wireless telecom's chief executive told employees.
The Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.
Americans are paying significantly more for these food staples, price inflation data shows. Will inflation ever relent?
Low-income older Americans on average die nearly a decade earlier than wealthier people, a new analysis finds.
The number of unemployed people looking for work more than six months has surged to its highest level since 2021.
Roughly 42% of younger working adults — spanning Gen Z, millennials and Gen X — report having no money left over after covering their daily expenses.
Employers have announced nearly 950,000 job cuts through September, the great number of layoffs through September since 2020, an analysis finds.
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
The downward revision from the Bureau of Labor Statistics shows the job market was slowing in 2024 and early 2025.
The latest employment data could inform the Federal Reserve's next rate decision meeting, set for Sept. 17.
Most Americans say prices are going up and expect them to keep going up.
As temperatures rise, the San Joaquin County Sheriff's Office is sending a clear message to stay away from illegal sideshows.
Jonathan Aranda hit a two-run single in Tampa Bay's three-run fifth inning and the Rays defeated the San Francisco Giants 5-1.
One person is dead and a dog remains missing after a water rescue in El Dorado County Saturday morning, officials said.
José Ramírez stole his 300th career base, David Fry and Kyle Manzardo both hit home runs and the Cleveland Guardians used a four-run fifth inning to rally past the Athletics 14-6.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
As temperatures rise, the San Joaquin County Sheriff's Office is sending a clear message to stay away from illegal sideshows.
Jonathan Aranda hit a two-run single in Tampa Bay's three-run fifth inning and the Rays defeated the San Francisco Giants 5-1.
One person is dead and a dog remains missing after a water rescue in El Dorado County Saturday morning, officials said.
José Ramírez stole his 300th career base, David Fry and Kyle Manzardo both hit home runs and the Cleveland Guardians used a four-run fifth inning to rally past the Athletics 14-6.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
After postponing its originally planned 2025 stop in the capital city, X Games is moving forward with its return to Sacramento this summer — now with a major music lineup attached.
Opening statements began in the trial of two people charged in the 2022 K Street shooting, the deadliest mass shooting in Sacramento's history.
The aerial dance troupe Bandaloop dangled from the side of Sacramento's Memorial Auditorium as part of this year's celebration. Artists from across the state attended an awards ceremony marking the 50th anniversary of the California Arts Council.
A domestic violence suspect who was barricaded in a home in Sacramento for hours overnight was arrested early Monday morning, police said.
Gunther's Ice Cream remained open as usual on Saturday following a fire that happened just outside the Sacramento staple.
An early morning earthquake in Nevada on Friday was felt as far west as the Sacramento Valley.
The sunny skies and warmer weather in Northern California are increasing the chance of seeing snakes, and this year, there's been a big spike in the number of fatal rattlesnake bites in the state.
The new Department of Motor Vehicles regulations allow law enforcement agencies to issue notices of traffic violations to autonomous vehicle companies when their cars commit moving violations.
A massive sea lion is stealing all the attention at San Francisco's Pier 39, along with most of the dock.
A United Airlines flight from San Francisco reported a close call with a drone as it was approaching to land in San Diego, authorities said.
Jonathan Aranda hit a two-run single in Tampa Bay's three-run fifth inning and the Rays defeated the San Francisco Giants 5-1.
José Ramírez stole his 300th career base, David Fry and Kyle Manzardo both hit home runs and the Cleveland Guardians used a four-run fifth inning to rally past the Athletics 14-6.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Yandy Diaz and Junior Caminero homered to back six strong innings from Shane McClanahan and the Tampa Bay Rays beat the San Francisco Giants 3-0 on Friday night.
The deal merged Major League Pickleball and the Carvana PPA Tour, two of the nascent sport's most active entities, under one company, Pickleball Inc.
As voters head toward the midterm primaries, Latino voters are emerging as a pivotal voting bloc that could be a difference-maker in the results.
Negotiations over a $500 million dollar government aid package for Spirit stalled after bondholders balked at the terms.
Amtrak may ease rules on guns on its trains, sources say. Critics worry that would weaken security even though, authorities say, the accused correspondents' dinner shooter took Amtrak cross-country with his firearms.
The Trump administration is proposing wastewater testing to try to ferret out data on illegal drug use in real time, according to a draft of a new drug control strategy obtained by CBS News. It also proposes using AI to track threats.
Test strips cost about $1 each and can be used to check drugs for dangerous contaminants, including fentanyl and xylazine.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Public health officials say they've confirmed two cases of measles in Sacramento County.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
Six months after a California wildfire destroyed dozens of homes in the Tuolumne County community of Chinese Camp, officials say debris removal is now complete and properties are being returned to their owners.
A man has been arrested and charged in connection with the Tiger Fire that burned 118 acres in California's Amador County last summer and forced evacuations near Pioneer.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
With warmer weather, the San Joaquin County Sheriff's Office is sending a clear message about sideshows.
Here's a look at the weather forecast Saturday evening.
The bands are back, the carnival rides are racing and people in Elk Grove are glad to finally have a spring celebration return to town.
The stretch between winter ski crowds and summer lake vacations is often called the "shoulder season" at Lake Tahoe, a quieter time that can mean fewer visitors. Local venues are working to change that.
Madisen Keavy was there for the first night of action.