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☆ Polls Missing US Economy's Strength Will Make the Next Recession Worse
▼ + stars: | 2024-03-12 | by ( George Pearkes | ) www.businessinsider.com time to read: +12 min

By underweighting the experience of certain groups — especially lower-income or frontline workers — policymakers could learn the wrong lessons from the post-pandemic economy. The Great DivergenceIf you ask Americans how the economy is doing, the general sentiment can be summed up in one word: bad. Similarly, the Conference Board's consumer confidence data isn't quite at its post-Great Recession lows, but it's far below its 2017-19 average. The ASEC data uses a very large sample to provide the best possible insight into households' economic well-being, with more than 75,000 households participating. Similarly, the focus on the prospect of a recession soared, even outdoing the period in 2020 when the economy was actually in a recession.

Persons: it's, —, Pew Organizations: University of, Conference, Labor Statistics, Government, Bureau of Labor Statistics, NFL, Minnesota Vikings, Green Bay Packers, Chicago Bears, BLS, Census, Federal Locations: telemarketers, nonresponses

☆ Meet the typical Midwest mover, a Gen Zer from California who's paying under $1,500 a month in rent
▼ + stars: | 2024-02-27 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Many of these new residents are single Gen Zers, millennials, and students. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For some, that's meant flocking to the Midwest, and its promises of cheaper living, more space, and friendly neighbors. While the initial pandemic bump in Midwest residents has slowed a little, its population level is still above pre-pandemic highs. Gen Zers, the oldest of whom are 27, make up the greatest percentage of movers, followed by millennials, topping out at age 43.

Persons: —, Gen Zers, millennials, Zers, Gen Xers, Gen Alpha, haven't, Redfin, Texans —, James McClure, Alcynna Lloyd, McClure, Lloyd Organizations: Service, Gen, Census, Midwest, Texans Locations: Midwest, California , Florida, Texas, East Coast, New York, Massachusetts, Wisconsin, Minnesota, Austin

☆ I ate at Portillo's, one of the most famous hot-dog chains in the US. I get why Midwesterners love it so much.
▼ + stars: | 2024-02-17 | by ( Joe Opaleski | ) www.businessinsider.com time to read: 1 min

AdvertisementDick Portillo opened his hot-dog cart, The Dog House, just outside of Chicago in 1963Today, his chain lives on as Portillo's, which has 60 locations across the US offering delicious hot dogs and other Midwest favorites. I visited my local branch to order some of the most popular dishes and show everyone what all the hype is about.

Persons: Dick Portillo Locations: Chicago

☆ How high-earning transplants are shaking up dating scenes across the Midwest
▼ + stars: | 2024-02-14 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

It's introduced a fresh wave of young professionals who are shaking up the dating scene. But a new influx of transplants also creates divides among young professionals and locals. The rise of remote work has resulted in new waves of migration and, in turn, refreshed dating pools around the country. AdvertisementWhen it comes to the future of Midwest dating, “I hope this can change, but I think a lot of people in a lower tax bracket might just move elsewhere,” he said. Gone are the days of app dominance, especially as younger dates forsake online dating for in-person connections.

Persons: —, Peggy Dainty, That’s, ” Dainty, “, ”, St . Louis, Hatch’d, Joshua Sturma, ” Sturma, Louis, Matt R, Matt chalks, There’s “, Courtney Quinlan, She’s, There's, Quinlan, she's, ” Quinlan, It's, They're, Midwesterners, We've, ” Maranda Taylor, Taylor, everybody’s Organizations: Service, Lake Bowl & Theater, Bryant, New York, Bank of America, Indiana University, Dakotas, Twin, Google, Indiana Locations: It's, Minneapolis, there’s, St ., California, Illinois, Indiana , Iowa , Kansas , Michigan, Minnesota , Missouri , Nebraska, North Dakota , Ohio, South Dakota, Wisconsin, New, Hatch’d, ”, Twin Cities, Chicago , Nebraska , Iowa , Kansas, Missouri, Kansas City, Sioux, Omaha , Nebraska, —, America

☆ Single HENRYs are fleeing West Coast cities like San Francisco and Los Angeles for the Sunbelt, study finds
▼ + stars: | 2024-02-06 | by ( Eliza Relman | Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

These movers are disproportionately higher-income, a new Bank of America report found. Las Vegas and Phoenix are the only Western cities Bank of America analyzed that had population increases compared to first quarter 2020. Housing costs are a major reason people are leaving West Coast cities for the Sunbelt. But many Sunbelt cities have more permissive land-use and zoning regulations than their coastal counterparts, meaning they're often better equipped to keep up with rising demand by building more homes. Both West Coast and Sunbelt cities that aggressively restrict housing construction will likely continue to face affordability crises.

Persons: — Organizations: Coasters, Bank of America, Service, Bank of, Jacksonville, Las, metros Locations: Southwestern, West Coast, San Francisco, Los Angeles, Las Vegas, Florida, Georgia, Texas, Austin, San Antonio, Francisco, Seattle, Portland, San Diego, Phoenix, Miami, Orlando, Tampa, South, West

Thanksgiving may be a time for Americans to come together, but opinion is divided over what's on the crowded dinner table. We mostly agree on the deliciousness of pumpkin pie, say, but are split over the eternal turkey question of dark meat versus white meat. Americans 45 or older are especially likely to call turkey the best thing on the Thanksgiving table (39%), while younger adults who agree come in at 24%. One-third of U.S. adults who will celebrate Thanksgiving say that's their preferred dessert. Slightly fewer than half of men (46%) who plan to celebrate Thanksgiving say they will do hardly any or none of the cooking.

Persons: ”, Ralph Caya, Vaidehi, Carlos Stallworth, You’re, Caya, ” Stallworth, I’ve, nix, there's, Lauren Feldman, Feldman, “, ___ Mark Kennedy Organizations: Associated Press, NORC, for Public Affairs Research, cranberries Locations: what's, U.S, Pensacola , Florida, Glen Rock , New Jersey, Los Angeles, Florida, Georgia, Indianapolis

☆ Thanksgiving dinner will be less expensive this year. You can thank turkeys (and cooling inflation)
▼ + stars: | 2023-11-15 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +3 min

While this year’s Thanksgiving dinner is more affordable compared to last year, it is still up 25% from 2019, underscoring price increases since the pandemic. But you can thank turkeys for the lower meal cost this Thanksgiving. “Traditionally, the turkey is the most expensive item on the Thanksgiving dinner table,” Veronica Nigh, senior economist at the AFBF, said in a statement. The Northeast has the most expensive meal price at $64.38 for the 12-item basket. The national average for the Thanksgiving meal was calculated by checking prices in all 50 states and Puerto Rico from November 1 to 6.

Persons: Wells Fargo, Michael Swanson, Veronica, Zippy Duvall Organizations: New, New York CNN, American Farm Bureau Federation, Bureau of Labor Statistics, US Department of Agriculture, CNN, USDA, Wells, Food Institute, cranberries Locations: New York, Turkey, Puerto Rico

☆ How Democrats can win big in red states
▼ + stars: | 2023-11-08 | by ( Brent D. Griffiths | Walt Hickey | ) www.businessinsider.com time to read: +7 min

Democrats are finding ways to advance their candidates and causes in traditionally red states. Tuesday's elections show that while the party may never reach its former heights in increasing red states, it can still notch victories that continue to claw back power. Some states have long elected Democrats at the local level while rejecting Republicans at the national level and vice-versa. AdvertisementAdvertisementHere are some of the ways Democrats are still winning:Keep it local. Issue 1's proponents, like other previous red state movements, couched some of their appeals in broader language that would welcome Republicans.

Persons: Roe, Wade, —, Andy Beshear, Laura Kelly, Raphael Warnock, Tip, Daniel Cameron, Katie Hobbs, Donald Trump's, Hobbs, Sen, Mark Kelly, John Bel Edwards, Kelly, Gabby Giffords, Gretchen Whitmer's, Beshear, it's, Steve Beshear, juiced, Nan Whaley, Sabato Crystal Ball, Perry Bacon Jr, Cameron, Reagan, Glenn Youngkin, Floridians Organizations: Service, GOP, Trump, Democratic Gov, Democratic, Gov, Democrats, Republicans, Louisiana Democrats, Michigan Gov, Ohio, Force, Midwesterners Locations: Ohio , Kentucky, Kansas, New York, Kentucky, In Kansas, Arizona, Louisiana, In Arizona, America, Ohio, Cleveland, Virginia

☆ The Midwest is getting left behind as the rest of America sees big raises
▼ + stars: | 2023-10-24 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Median wage growth for the Midwest was just 0.4% from 2019 to 2022, compared to 5.7% in the Northeast. Declines in unionization and a lack of minimum wage raises have kept wage growth low. This is in contrast to the nation's 3.1% median wage growth during the same period. Workers in the Northeast saw a median wage growth increase of 5.7% during the three-year period, while the West rose 4.7%. Only half of Midwestern states experienced median wage growth since 2019, EPI found.

Persons: —, EPI, Nina Mast, Mast Organizations: Service, Economic, Institute, Workers, American, Union, Midwest, Pacific Locations: Midwest, Northeast, Louis, Indianapolis, Minneapolis, Minnesota, Illinois, South Dakota , Missouri , Ohio, Iowa, , Kansas, Nebraska, Black, American

☆ Midwesterners could wake up to gas prices up 40-70 cents, says petroleum analyst Patrick De Haan
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMidwesterners could wake up to gas prices up 40-70 cents, says petroleum analyst Patrick De HaanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Patrick De Haan, Brian Sullivan, “ Organizations: CNBC

☆ I can't believe the Iowa State Fair butter cows are not 100% butter!
▼ + stars: | 2023-08-22 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Iowa is famous for the butter cows at its state fair. The butter cows aren't made entirely of butter? "The Butter Cow starts with a wood, metal, wire, and steel mesh frame and about 600 lbs. of low moisture, pure cream Iowa butter," per the Iowa State Fair's official website. "Once inside the 40-degree cooler, layers of butter are applied until a life-size butter cow emerges - measuring about 5-1/2-ft high and 8-ft long."

Persons: aren't, Brent, I'm Organizations: Iowa, Service, Fair, Iowa State Fair's Locations: Wall, Silicon, Iowa, Nebraska, Midwest

☆ Mike Pence is set to launch his presidential campaign next week
▼ + stars: | 2023-05-31 | by ( Jonathan Allen | ) www.cnbc.com time to read: +4 min

Former US Vice President Mike Pence speaks during the Nixon National Energy Conference at the Richard Nixon Presidential Library & Museum in Yorba Linda, California, on Wednesday, April 19, 2023. Mike Pence plans to enter the GOP presidential nomination fray June 7 with a campaign video and a kickoff speech in Des Moines, Iowa, according to a person familiar with his launch schedule. Redefining himself to Republican voters, most of whom know him primarily as Trump's vice president, will be a challenge. The former vice president will campaign in all 99 Iowa counties before the caucuses, the person said, adding that the campaign "will do the things that put Mike Pence in an advantageous position." A pro-Trump mob sacked the U.S. Capitol that day in an effort to stop the certification, and some of the rioters chanted "hang Mike Pence."

Persons: Mike Pence, Richard Nixon, Donald Trump, Ron DeSantis, Pence, Pence's, Mike Pence's, Jan, Trump, Reagan, —, Chris Christie, Doug Burgum, That's, He'll Organizations: US, Nixon National Energy Conference, Richard Nixon Presidential Library & Museum, Florida Gov, Republican, Iowa GOP, Trump, Trump mob, U.S . Capitol, Social Security, New, New Jersey Gov, North Dakota Gov Locations: Yorba Linda , California, Des Moines , Iowa, Indiana, Iowa, Ukraine, New Jersey, Des Moines

☆ When Did ‘Wholesome’ Become a Gen Z Compliment?
▼ + stars: | 2023-05-11 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

“They’re not necessarily defining ‘wholesome’ the way the Midwesterners traditionally do, but more in the sense of having a positive outlook on life,” Ms. Lamont said. Mr. Luna thinks of wholesomeness as kindness, like giving up a seat for an elder or complimenting a stranger. “I saw a video of a person talking to a homeless man, and they became good friends after a while. There are also oodles of wholesome meme accounts, which Gen Z prefers over the satirical millennial memes of the early 2010s that were coated with dark humor and doused in irony. “Sometimes those ironic and satirical memes are too heavy-handed, and they go into things that, at a certain point, it’s not really a joke anymore,” Mr. Luna said.

☆ I moved to Florida for cheaper housing and lower taxes, plus I'm avoiding downsides like traffic and crowds
▼ + stars: | 2023-01-30 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Tony Stanol moved to Sarasota, Florida from California and prefers the East Coast oasis. They sold their 3,500-square-foot home in Calabasas for $1.2 million, according to Stanol, and have been renting a 2,400-square-foot home in Sarasota, Florida for nine years. I'm from New Jersey, worked in New York for most of my career, and raised a family in Connecticut. Once my two daughters had graduated and were out of the house, my wife and I were empty nesters in Calabasas. I've been renting in Florida for nine yearsWe sold our house in Calabasas for $1.2 million.

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