Many Americans say they're spending more than they earn: poll
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
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About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
CBS News Texas' Keith Russell tackles personal finance in this weekly segment.
Keith Russell breaks down a topic he's all too familiar with.
When you think of the top industries in Texas that drive the economy, the film industry may not be top of mind. But thanks to a recent boost in incentives, show business could be increasing its presence in the Lone Star State.
Claudia Goldin, whose work shed light on the gender gap in pay, is just the third woman out of 93 economics laureates to win the Nobel.
The popular Texas grocer is opening doors in another North Texas town.
For many, growing bills are outpacing salaries and wages.
Incomes fell in 2022 and more people fell into poverty after the end of pandemic benefits like stimulus checks.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
High heat can be a major hit to productivity, which in turn can be a major hit to the economy.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The average price for a Big Mac in the U.S. is $5.35. At the location in Darien, Connecticut, some combo meals top $21.
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to trade, but not at the expense of security.
Walgreens is closing 450 locations across the globe.
The City of Lewisville is putting more than $120,000 into the new Senior Rental Assistance Program to make sure elderly people living on fixed incomes don't get priced out of their homes.
The financial health of some groups has deteriorated sharply compared with a year ago due to rising inflation and higher bills.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The economy grew at a tepid 1.1% rate, showing that the Fed's interest rate hikes are taking effect.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Grocery prices have increased more in North Texas than in any other major city in the country except Detroit, according to a recent federal report tracking inflation.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
At the height of the Great Recession, Scott Pelley reported on the lengths the federal government will go to protect bank depositors.
