US single-family homes need over hundred thousand dollars a year
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US single-family homes need over hundred thousand dollars a year

ByNews Polite

Americans need to earn nearly $108,000 a year to afford a single-family home in most cities now, according to a new economics report. Oxford Economics revealed this week that a household in 2024 needs an average annual income of $107,700 to afford a new single-family home, including property taxes and…

Nobel economics prize is awarded for research into why countries succeed or fail
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Nobel economics prize is awarded for research into why countries succeed or fail

ByNews Polite

The Nobel memorial prize in economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for research into reasons why some countries succeed and others fail. The three economists “have demonstrated the importance of societal institutions for a country’s prosperity,” the Nobel committee of the Royal Swedish…

Goldman Sachs economists raise ‘limited’ risk of US recession to 25% chance: report
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Goldman Sachs economists raise ‘limited’ risk of US recession to 25% chance: report

ByNews Polite

Economists at Goldman Sachs raised the likelihood of the US economy slipping into a recession within the next 12 months from 15% to 25% while continuing to view the risk of recession as limited, according to a report. Goldman economists led by Jan Hatzius, the firm’s chief economist and head of global…