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☆ A boomer couple who moved from Minnesota to Florida said they 'lost pretty much everything' in a hurricane but don't regret the move
▼ + stars: | 2024-03-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

A boomer and her husband moved to southwest Florida from Minnesota to start her clothing business. They moved to southern Minnesota, then northern Minnesota to an off-the-grid cabin an hour north of Duluth. They knew northern Minnesota was not conducive to starting a business, so they considered Florida an ideal location. She said she's also adjusting to the fishing scene in Florida, which is mainly saltwater, compared to freshwater fishing in Minnesota. Despite all she's been through, Pelton thinks she'll stay in Florida for the time being — the only other place she's considering is India.

Persons: it's, —, Barbara Pelton, Little, Ian, Minnesota Pelton, she's, Pelton, she'll Organizations: Service, Survey, Sunshine State, Minnesota, FEMA, Day, Labor Day Locations: Florida, Minnesota, Hurricane, Duluth, snowstorms, India

☆ For those without college degrees, more paths are opening to better-paying jobs
▼ + stars: | 2024-03-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

New York CNN —For decades, not having a college degree has often been a barrier for workers seeking a higher-level, better-paying job. That means the lack of college degrees can’t be ignored, since Blacks and Hispanics are least likely to have a bachelor’s degree. “[D]espite the limited progress to date, our analysis shows that, for those who embrace it, skills-based hiring … yields tangible, measurable value. Skills-based hiring boosts retention among non-degreed workers hired into roles that formerly asked for degrees,” they said. The tool is aimed at lower-wage workers without college degrees.

Persons: Joe Biden, Ken Frazier, ”, George Floyd’s, Frazier, Debbie Dyson, Keith Wardrip Organizations: New, New York CNN, Census Bureau, ”, Merck, Blacks, MIT, Accenture, Yum ! Brands, Harvard Business School, Glass Institute, Directionally, Federal, Occupational Mobility, Philadelphia Fed, Federal Reserve Bank of Philadelphia Locations: New York, America, workforces, Philadelphia, Cleveland, Cincinnati

☆ Retirement prospects for women can be ‘pretty bleak,’ expert says — but there are ways to prepare
▼ + stars: | 2024-03-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

About 50% of women ages 55 to 66 have no personal retirement savings, a higher share than men (47%), according to U.S. Census Bureau data. Those who do have retirement savings are less likely to have $100,000 or more (22% vs. 30%). "The picture is pretty bleak for women" who don't save enough for retirement, Cindy Hounsell, founder and president of the Women's Institute for a Secure Retirement, said Tuesday at CNBC's Women & Wealth event. watch nowThey may become burdens on their children if they have kids who can offer financial support, she said at the Women & Wealth event. Compounding the problem: Caregiving, especially for a spouse, has a "more detrimental economic impact" on women, according to the National Institute on Retirement Security.

Persons: Momo, Cindy Hounsell, Marianela Collado, Collado Organizations: Stone, Getty, Census, Women's Institute, CNBC's, Pew Research, Security, Financial, National Institute on Retirement Security Locations: U.S, Plantation , Florida

☆ Dakota Johnson says people don't need to be related by blood to be family
▼ + stars: | 2024-03-06 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Dakota Johnson says people don't need to be related by blood to be considered family. AdvertisementDakota Johnson opened up about what it's like being in a blended family during an interview with Bustle. At the end of the day, they all see themselves as family, regardless of blood relation, Johnson said: "And we are always going to be a family. AdvertisementJohnson isn't the only celebrity who has a blended family. Kourtney Kardashian and Travis Barker also have a large, blended family as a result of their marriage.

Persons: Dakota Johnson, — Melanie Griffith, Don Johnson, Johnson, Chris Martin, Gwyneth Paltrow, —, Melanie Griffith, Apple, Moses —, Nick Cannon, Elon Musk, Kourtney Kardashian, Travis Barker, Z Organizations: Service, Coldplay, US Census Bureau

☆ A boomer couple 'couldn't get out of California fast enough' and moved to Kansas for retirement. Living costs are cheaper, and making friends is much easier.
▼ + stars: | 2024-03-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

A boomer and his wife moved to Kansas after living in California for 50 years. He and his wife sold their house for $1.4 million and bought a historic Kansas home for under $400,000. He said it's much easier to make friends in Kansas, and the cost of living is much lower. In 2020, he and his wife sold their home and moved to a suburb of Kansas City. While the California to Texas and California to Arizona routes were the most popular, over 5,500 people moved from California to Kansas between 2021 and 2022.

Persons: —, Mike H, Mike, couldn't, didn't, let's, we'd Organizations: Service, downtown, Kansas City, Westwood, Kansas -, Kansas, National Register of Historic Places Locations: Kansas, California, Kansas City, Texas, Arizona, Minneapolis, Noe, downtown San Francisco, Phoenix, Reno, Kansas - Missouri, Bay, Minnesota

☆ The 15 US cities where your money goes the furthest
▼ + stars: | 2024-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

This city is also where renters can see their money go the furthest among 189 places in a recent analysis from RentCafe. Meanwhile, Both wrote that "Boston had similar prices for basic necessities" as well as "a slightly higher monthly rent" than for Sunnyvale. AdvertisementManhattan had the largest monthly rent plus basic necessities value but ended up having one of the lower scores, at 14.73. Based on the scores calculated using income, rent, and expenses data, three of the top 15 cities where income can go far were in Texas, with scores near or over 60.0. "The coastal cities, the gateway cities have always been hubs for greater density," Ressler said.

Persons: —, Lockheed Martin, Doug Ressler, RentCafe, Alexandra Both, Ressler, there's, they've Organizations: Service, Google, Lockheed, Council for Community, Economic Research, Business, BI, Sunnyvale, Manhattan Locations: Sunnyvale , California, Athens, Georgia, New Orleans, Albany , New York, Gainesville , Florida, Auburn , Alabama, RentCafe, Silicon Valley, Boston, Sunnyvale, Texas, Virginia

☆ Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is
▼ + stars: | 2024-03-04 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Many older Americans are financially vulnerable, with over half living on incomes of $30,000 or less a year. And, as Sanders' report notes, about 10% of older Americans live in poverty, according to an analysis from the Center on Budget and Policy Priorities. Without Social Security income, around 38% of Americans 65 and older would be living below the poverty line. Even so, America's Social Security benefits lag behind many other wealthy countries; benefits amount to, on average, 51.8% of workers' earnings across the OECD. All of that comes as older Americans see their adult children leaning on them financially, as Gen Zers and millennials weather their own economic storms.

Persons: Bernie Sanders, —, Sanders, Zers, I'm, Jane, you'll Organizations: Service, Health, Education, Labor, Wall, Survey, Federal Reserve's Survey, Consumer Finance, Budget, Security, OECD, Social Security Locations: Japan

☆ CNBC Daily Open: U.S. manufacturing drag continues
▼ + stars: | 2024-03-04 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Workers assemble printed circuit boards at the Intervala manufacturing facility in Mount Pleasant, Pennsylvania, US, on Tuesday, Jan. 30, 2024. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] The 'Fantastic Four'Hedge fund manager Dan Niles prefers the so-called "Fantastic Four" stocks, thanks to their earnings potential in 2024. "Those names are being driven by earnings," Niles told CNBC last week.

Persons: Dan Niles, Niles Organizations: US, Bureau, CNBC, Nasdaq, OPEC, U.S . Department of, Treasury, Nvidia, Meta, Microsoft Locations: Mount Pleasant , Pennsylvania, China, Beijing, Saudi Arabia, Russia

☆ CNBC Daily Open: U.S. manufacturing struggles to recover
▼ + stars: | 2024-03-04 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Workers assemble printed circuit boards at the Intervala manufacturing facility in Mount Pleasant, Pennsylvania, US, on Tuesday, Jan. 30, 2024. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The CSI 300 was lower as investors focused on China's annual meetings and Hong Kong's Hang Seng index also fell. "Those names are being driven by earnings," Niles told CNBC last week.

Persons: Hong, Dow, Energy's, Jorge Leon, Jeremy Hunt, Dan Niles, Niles Organizations: US, Bureau, CNBC, Nikkei, CSI, Nasdaq, Budget, Conservative, Labour, Nvidia, Meta, Microsoft Locations: Mount Pleasant , Pennsylvania, U.S, China, Beijing, Angola

☆ Residents of these 10 states are the most stressed out in America—New York and California didn't make the list
▼ + stars: | 2024-03-03 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

DON'T MISS: Utah is the happiest state in America—California and Florida didn’t make the top 3Wellness brand, Komowa, created a ranking of the most and least stressed states in America. The company compared U.S. states based on 16 key indicators of stress including hours worked, credit card debt, divorce rates, commute times and more. Surprisingly, New York and California didn't make the top 10 on the list. States were also ranked by individual categories including the highest credit card debt and the longest commute time. Alaska earned the top spot for the highest credit card debt with an average of $7,338, and Wisconsin had the lowest credit card debt average of $4,808.

Persons: Komowa Organizations: Centers for Disease Control, CDC, Census Bureau, of Labor Statistics, New York, Alaska Locations: America, Utah, America — California, Florida, , New York, California, New York, Louisiana, Wisconsin

☆ Immigration is 'taking pressure off' the job market and U.S. economy, expert says
▼ + stars: | 2024-03-02 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Mark Zandi, chief economist at Moody's Analytics, said the increase in foreign-born workers is "taking pressure off the economy." The growth in foreign-born workers comes amid a contentious immigration policy debate in the U.S. Immigrants' share of the labor force has increased since 1996, when the Bureau of Labor Statistics began collecting such data. A growing population and labor force are key components of a healthy economy and the nation's ability to pay its bills, economists said. In other words, the economy is both absorbing immigrants and generating job opportunities for U.S.-born workers, the institute said.

Persons: Mark Zandi, it's, Alejandro Mayorkas, John Moore, Muzaffar Chishti, Jack Malde, Qian Weizhong, Steven Camarota, Camarota, Paul Ratje, Eric Thayer, Malde, EPI, Zandi, There's, Luis Alvarez Organizations: U.S . Bureau of Labor Statistics, Moody's, Republicans, U.S, Department of Homeland, U.S . Border Patrol, U.S . Department of Homeland, Getty, Migration Policy Institute, CNBC, Foreign, U.S . Immigrants, Bureau of Labor Statistics, Pew Research Center, Social Security, Congressional, Office, Center, Immigration, . Border Patrol, Getty Images, Federal Reserve Bank of San, Center for Immigration Studies, Afp, Bloomberg, Economic Policy Institute, National Academies of Sciences, Engineering, Medicine, Digitalvision Locations: U.S, Mexico, Eagle Pass , Texas, San Diego , California, Federal Reserve Bank of San Francisco, Paso, Ciudad Juarez , Mexico, Los Angeles

A February study from WalletHub examined the 100 largest US cities' levels of "financial distress." A February study from WalletHub, a personal finance company, examined the 100 largest US cities and calculated the level of "financial distress" for each. Interestingly, in an earlier WalletHub study that looked at financial distress at the state level, Arizona ranked just 16th least burdened. These cities' financial woes underscore the broader economic challenges, from unemployment to high living costs, that add stress to the residents' financial difficulties. How some cities are alleviating financial distressArizona's largest cities have become a model for financial stability in a post-pandemic economy, instituting policies designed to address recent financial hardships.

Persons: WalletHub, Gilbert, Chandler, Cassandra Happe, Christian Petersen, Happe Organizations: Arizona, Four Arizona, U.S . Census, Administrative, U.S ., Google, Scottsdale, Glendale, Business, Getty Locations: Chicago, Houston, New York, Arizona's, Four, U.S, Boise , Idaho, Arizona, Glendale, Scottsdale, Glendale , Arizona, Angeles, Dallas

☆ Americans are moving a lot less — and boomers may be to blame
▼ + stars: | 2024-02-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Fewer Americans are moving within the US, and boomer homeowners in more expensive states may explain why. Over the last few decades, US internal migration has fallen substantially. Census data shows internal migration has slowed since the 1970s amid deindustrialization and a weaker economy. "This suggests that declining internal migration is due to changes in structural aspects of migration choice, which affect individuals and families of many different backgrounds," the authors wrote. Net migration has been strongest out of California, Illinois, Massachusetts, New Jersey, and New York, which have relatively high wages and housing prices.

Persons: William Olney, Owen Thompson Organizations: Williams College, Business, Sun Belt Locations: California, New York, Northeast, Midwest, Northwest, Southwest, California , Illinois , Massachusetts , New Jersey, Georgia, North Carolina , Tennessee, Texas, California , New York, New Jersey, Florida , Nevada, Arizona

☆ A look into Michigan’s economic prospects as automotive jobs see a decline
▼ + stars: | 2024-02-27 | by ( Chris Isidore | Tami Luhby | ) edition.cnn.com time to read: +11 min

Jobs in the state’s auto plants, parts factories and corporate offices shrank by 35% since 1990, according to figures from the Bureau of Labor Statistics. And those jobs make up only 3.7% of the jobs in the state, roughly half what it was in 1990. Some of the auto jobs disappeared because of automation. “But it is still the cornerstone of the Southeast Michigan economy. The categories understate the importance.”But other segments of the Michigan economy now rival autos.

Persons: –, Stellantis, Jeff Kowalsky, Patrick Anderson, “ I’m, ” Anderson, Brian Peters, Peters, ” Peters, Anderson, Bill Pugliano, Gretchen Whitmer, Whitmer, there’s, ”, Monique Stanton, Stanton, ” Stanton, Matthew Hatcher, Donald Trump, Joe Biden Organizations: New, New York CNN, Republican, Democratic, Bureau of Labor Statistics, Motors, Ford, Fiat Chrysler —, GM, Fiat Chrysler, Getty, Anderson Economic Group, Michigan Center for Data, Michigan Health & Hospital Association, Health, Big, Chrysler, United Auto Workers, General Motors, North, Gov, Census, ICE, Michigan, Michigan League, Public, Missouri Economic Research, Information, Fox News, Democrats, Shoppers, Bloomberg, Washington Post, Monmouth University Locations: New York, Michigan, Mexico, Southern, Edmunds, Dearborn , Michigan, AFP, Southeast Michigan, Lansing , Michigan, North America, Marshall , Michigan, Florida, Texas, Illinois, California, Living, Somerset, Troy , Michigan

☆ 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

☆ Gen Z Is Saving Money by Living With Parents; It's Going to Cost Them
▼ + stars: | 2024-02-26 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +11 min

There are 620,000 more adults living with their parents in the UK than a decade ago. In the US, the percentage of young adults living at home has climbed 87% over the past two decades, according to the US Census Bureau. More than one-third of Gen Z respondents in a 2022 Freddie Mac survey said it's something they thought they'd never be able to achieve. A similar share of young adults lived with their parents in the wake of the Great Recession in 2010 — 44%. For many young adults, living on your own is an important step to feeling grown up.

Persons: Bethany Clark, didn't, she's, Clark, they'd, Moody's, renter, Zers, homebuyers, Gen, Freddie Mac, millennials, Z, grads, We're, Amy Lewthwaite, Lewthwaite, shouldn't, I've, Sarah Obutor, who'd, Obutor, —, Gen Zers, Jeffrey Jensen Arnett, Arnett Organizations: Census Bureau, Bloomberg, Harris, National Association of Realtors, Bloomberg Businessweek, Guardian, Financial Times, Urban Institute, Northumbria University, Clark University Locations: Surrey, England, America, London, Georgia

☆ Sylvester Stallone ditched California for Florida. He says it's a personal move, but he'll likely enjoy the lower taxes, too.
▼ + stars: | 2024-02-26 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewThe Stallone family permanently moved from California to Florida in "The Family Stallone" season two — putting them in the same boat as many less famous Americans. The Stallone family already have an estate in Palm Beach, which they first visited in "The Family Stallone" season one episode three. AdvertisementJennifer Flavin Stallone, Sistine Stallone, Sylvester Stallone, Sophia Stallone, and Scarlet Stallone at the premiere of "The Family Stallone" in May 2023 in New York City. In the season two premiere, Sylvester Stallone is initially reluctant to leave California because he has lived there since 1973. But Sylvester Stallone eventually accepts his wife's request.

Persons: —, Stallone, Sylvester Stallone, Jennifer Flavin, Frank Stallone, Sophia, Sistine, Scarlet Stallone, Flavin, Sylvester Stallone's, Jeff Bezos, Guy Fieri, Sly, Jennifer Flavin Stallone, Sistine Stallone, Sophia Stallone, Dimitrios Kambouris, Jennifer, Jen Organizations: Service, Business, Palm, Palm Beach Daily, Paramount, Census, University of Miami Locations: California, Florida, Palm Beach, Palm Beach , Florida, New York City, New York

☆ Meet the typical mover to Austin: Single millennial renters making $76,000 a year coming from California
▼ + stars: | 2024-02-25 | by ( Alcynna Lloyd | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Read previewJasmine Cambridge, a 25-year-old steakhouse server with aspirations of working in marketing, moved from Atlanta to Austin in 2023. Over 14,100 movers to Austin came from California, while nearly 4,900 moved from New York. AdvertisementA majority of movers to Austin from other states were white, making up 52% of movers, while Hispanic individuals account for 23.1%. Less than half of Americans moving to Austin are married — 43.2% — while 45.6% are single or unmarried. Census data shows that about 74.26% of movers to Austin are renters, while 25.74% are homeowners.

Persons: —, Jasmine Cambridge, Austin, I've, Austin —, Jasmine Cambridge Pengyu Cheng, Cheng, Pengyu Cheng, it's, Tesla, They've, Gen Z Organizations: Service, Business, Apple, Google, Oracle, Austin, Survey, University of Minnesota's, Census, Redfin Locations: Atlanta, Austin, Cambridge, San Francisco, California, Pengyu, Texas, New York . Florida , Oregon, Washington

So The New York Times asked more than 5,300 people in the U.S. with this heritage how they describe themselves …No Box to Check: When the Census Doesn’t Reflect YouEgyptian, Iranian, Lebanese, Amazigh, Arab, American. In the 2020 census, “Lebanese” and “Egyptian” were offered as examples for the “white” box on the race question. The other categories were “Black or African American,” “American Indian or Alaska Native,” “Native Hawaiian or other Pacific Islander” and a variety of Asian ancestries. After all, there’s no agreed-upon set of countries or ethnicities that would fall under a Middle Eastern and North African category. The chart shows these responses after the MENA category was added: 69% chose “MENA,” 15% chose “MENA, White,” 3% chose “Another Race,” 5% chose “White” and 8% chose other combinations.

Persons: Brown, New York Times callout, Biden, ”, —, “, ” Martin Zebari, ” Samera Hadi, ” Imene Said Kouidri, ’ ” Faisal Ali, ” Joseph Hallock, Maya Berry, there’s, Margo J, Anderson, “ You’re, Tiffany Kindratt, ” Khelil, ‘, Dusty Haddad, “ White, Jeffrey S, ” Nadine Naber, Naber, I’m, ” Ceylan Swenson, ” Blake Bachara, ” Amin Younes, We’re, ” Rita Obeid, Barack Obama, It’s, ” Thomas Simsarian Dolan, ” Gabrielle Barbara Guliana, Christina Boufarah, I’ve, ” Michele Magar, ” Soufiane, ” Azita, Moustafa, ” Nawar Organizations: U.S ., New York Times, Arab, Israel, American Community, Management, Federal, Arab American Institute, University of Wisconsin, Census Bureau, Survey, North, Cornell University, Centers for Disease Control, Prevention, University of Texas, The Times, Times, Pew Research, University of Illinois, Bureau, West Virginian Locations: Eastern, Sudanese, Southwest, U.S, East, North Africa, United States, Michigan, Gaza, Europe, Lebanese, Alaska, American, MENA, Milwaukee, —, Arlington, America, White, University of Illinois Chicago, Chicago, Lebanon, Iran, N.Y.C, Israel, Turkey, Southwest Asia, Afghanistan, Armenia, West, I’m

☆ Population and economy in South Carolina are booming
▼ + stars: | 2024-02-24 | by ( Tami Luhby | Alicia Wallace | ) edition.cnn.com time to read: +12 min

“And, of course, South Carolina is in the heart of the Southeast.”Job seekers check-in to a job fair at a Schneider Electric manufacturing facility in Hopkins, South Carolina, in January 2023. “You can reach about twice as many people within an 8-hour drive from South Carolina as you can from Florida,” he said. “The housing market and the manufacturing industry, particularly in South Carolina, saw a major increase in demand,” Von Nessen said. South Carolina home sale activity fell by double-digits in 2022 but has since started to stabilize, he said. “We’re just treating so many more patients that we don’t have capacity,” said Thornton Kirby, CEO of the South Carolina Hospital Association.

Persons: ” Joseph Von Nessen, Darla Moore, ” Von Nessen, ”, it’s, It’s, Sean Rayford, Barrie Kirk, “, Von Nessen, Micah Green, “ We’re, Thornton Kirby, Malcolm Isley, “ We’ve, ” Isley, Arnold Kamler, Inc . Kent, Kent, Kamler, Nikki Haley, —, Daniel Slim, Scott Huffmon, Donald Trump, Haley, they’d Organizations: CNN, Palmetto State, of Labor Statistics, University of South, of Business, North, SC Council, Competitiveness, Bureau of Labor Statistics, Labor, Midlands Technical College, Technical College Midlands Technical College, Schneider, Bloomberg, Getty, Census, US Federal Reserve, US News, South Carolina Hospital Association, “, Prisma, Health Prisma Health, Greenville Technical College, Health Center for Health, Life Sciences, Kent International, Walmart, Kent, Inc ., Winthrop University, —, Charleston City Market, Winthrop’s Center, Public, Research, Palmetto, Republican, Trump, CBS Locations: South Carolina, South, “, Carolina, Myrtle Beach , South Carolina, North America, University of South Carolina, West Columbia, United States, Hopkins , South Carolina, Florida, droves, Myrtle Beach, ’, Manning, New York City, Georgia, Charleston, AFP

☆ Disasters Forced 2.5 Million Americans From Their Homes Last Year
▼ + stars: | 2024-02-22 | by ( Aidan Gardiner | ) www.nytimes.com time to read: +1 min

An estimated 2.5 million people were forced from their homes in the United States by weather-related disasters in 2023, according to new data from the Census Bureau. The numbers, issued on Thursday, paint a more complete picture than ever before of the lives of these people in the aftermath of disasters. The United States experienced 28 disasters last year that each cost at least $1 billion. But until recently, the number of Americans displaced by those disasters has been hard to estimate because of the nation’s patchwork response system. Understanding the human toll of disasters, not just the financial costs, is increasingly urgent as climate change supercharges extreme weather, experts say.

Organizations: United Locations: United States

☆ Americans aren't having enough kids. That's bad news for the economy — and immigration may be the answer.
▼ + stars: | 2024-02-21 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

China, Japan, and Italy are all battling dwindling birth rates — and their struggles are a reminder of an issue that could eventually become a problem for the US. Elon Musk, with his three-year-old son X AE A-Xii at the 2024 Super Bowl, thinks low birth rates pose a risk to civilization. Meanwhile, economists have warned for years about plunging birth rates in Italy . AdvertisementChina has also struggled to raise its birth rate. Congress has also played up the potential for immigration to boost the economy over the longer term.

Persons: —, millennials, Zeds, Zers, you’ve, Marc Ostwald, That’s, Elon Musk, Musk, X, Rob Carr, Italy party’s, ”, ADM’s, Donald Trump, Joe Biden, “, ” Ostwald, Martin Heinrich Organizations: Service, United Nations, Business, ADM Investor Services International, Congressional, Republican, Democrat, Economic Committee Locations: China, Japan, Italy, India, “ Japan

☆ A 79-year-old and her 86-year-old husband moved from New York to a retirement community in North Carolina. They're more social, but services in the area are lacking.
▼ + stars: | 2024-02-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

It’s allowed them to be more social and take life easier, though it has taken some time to adjust to North Carolina. The cost of living was not a major consideration, though they figured North Carolina would be comparably cheaper. They paid about $600,000 for the 2,400-square-foot home in North Carolina with three bedrooms and three bathrooms. She’s noticed the food in North Carolina is not as fresh, with smaller produce sections and lots more frozen and pre-prepared foods. She added that there’s also a tax on grocery food in North Carolina and none in New York, and she estimates she’s paying more in North Carolina on groceries.

Persons: —, Linda Beyer, It’s, “, ” Beyer, there’s, ”, York Beyer, Beyer, “ It’s, we’re, hasn’t, we’ve, it’s Organizations: Service, Raleigh, Business, Bureau, Survey, New York, York, IBM, Rotary Club, Duke University Hospital Locations: New York, Hudson, Durham, North Carolina, New York State, Poughkeepsie, Ohio, Washington, Carolina, “, Virginia

☆ New home construction in the US plummeted to a 5-month low in January
▼ + stars: | 2024-02-20 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Housing starts collapsed 14.8% month-over-month in January to a five-month low, according to Census Bureau data released Friday. The decline in new construction flies against the trends of strong and rising demand throughout 2023 and into this year. It also marks a reversal from a period of rising supply seen recently, with new housing starts jumping 14.8% last November. David Rosenberg, economist and president of Rosenberg Research, said in a note that it's hard to determine how much seasonal factors like inclement weather played a part in sending construction starts tumbling last month. Rosenberg added that a strong pipeline of multifamily construction will continue to impact the market for the foreseeable future.

Persons: David Rosenberg, West . Rosenberg Organizations: Business, Rosenberg Research Locations: Midwest, West

☆ Renters facing eviction have a higher risk of death, and mortality surged during Covid-19 pandemic, study finds
▼ + stars: | 2024-02-20 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +8 min

The general population also experienced excess mortality during this time, but the risk started higher for renters and rose exponentially for those threatened with eviction. From January 2020 through August 2021, the risk of death for renters facing eviction was 2.6 times greater than it was in the general population, the study found. During the baseline period of 2010 to 2016, the mortality rate was 1.4 times higher for renters facing eviction than it was for the general population. Another study from December explored the risk between rising rent costs and mortality risk. Eviction filings were down 45% during the first two years of the pandemic, according to the new study.

Persons: ”, Nick Graetz, it’s, It’s, Jack Tsai, ” Graetz, Katie Derrick, Jesse Tree, Derrick, Tsai, moratoriums –, Jesse, “, Dr, Sanjay Gupta, Steven Furr, we’re, Furr, what’s, ” Tsai Organizations: CNN, Census, UTHealth Houston School of Public Health, US Department of Veterans Affairs ’, Homelessness, ”, CNN Health, American Academy of Family Physicians, “ Locations: Princeton, United States, Boise , Idaho, Jesse Tree, Idaho, Alabama

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