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☆ Universal basic income pros and cons —according to experts
▼ + stars: | 2024-09-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +13 min

BI broke down the pros, cons, and frequently asked questions about basic income. Universal basic income and guaranteed basic income could fill gaps in the existing US social safety net, experts said. A benefit of basic income is the element of choice, according to Shafeka Hashash, associate director of guaranteed income at the Economic Security Project. Private donors often fully or partially fund basic income programs, lessening the cost burden on local governments. US states with active basic income programs include California, Illinois, Colorado, New York, Georgia, Louisiana, and more.

Persons: —, Melvin Carter, Paul, Shafeka Hashash, Hashash, It's, John Gillette, Oscar Wong, UBI, Andrew Yang, Howlette, hasn't, Michael Tubbs, Allan Baxter, What's, Sam Altman, Elon Musk Organizations: Service, Business, St, SDI, SNAP, Economic Security, Arizona, Rep, American, Orleans Mayor's, Youth, University of British Columbia, Alaska Permanent Fund, Tech Locations: Valley, America, Los Angeles and Illinois, Texas, Missouri, Arizona , Iowa, South Dakota, Orleans, Denver, Atlanta, Alaska, California , Illinois, Colorado , New York , Georgia, Louisiana, Canada, Brazil, China, Germany, India, Iran, Ireland, California, New Mexico, Oregon

☆ A 'gender promotion gap' fuels wealth inequality between men and women, Yale professor says
▼ + stars: | 2024-09-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

PeopleImagesProgress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the "gender promotion gap." Women are about 13% less likely to be promoted than men, according to Shue's research. That imbalance is a major driver in the persistent income inequality between men and women, she said. About 70% of the gender wage gap is due to women occupying different positions compared to men, according to Shue. But even when men and women occupy the same position, women are paid less, she added.

Persons: Kelly Shue, Shue, Lean Organizations: Yale School of Management, CNBC's, Census, National Women's Law, Lean, McKinsey Locations: America

☆ How Austin, Texas Cut Home Prices, Built Houses, and Stopped a Crisis
▼ + stars: | 2024-09-25 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

But as other pandemic Zoomtowns continue to see increases in prices and rents, Austin stands alone in its change of fortune. Housing in Austin has been through so many extreme distortions that nobody really knows what "normal" even means anymore. All told, Austin's housing stock has ballooned by more than 76,000 units since 2020, an 8.34% increase that includes single-family homes, condos, and townhomes. Considering the size of the Austin market, moving the stock of homes by nearly 10% is a colossal feat. Related storiesNobody watching the Austin market should be having flashbacks to the Great Recession.

Persons: Austin, homebuyers, homebuilders, Zillow, Elon Musk, Joe Rogan, Homebuyers, Keith Hughes, I'd, That's, Jason Lewris, Lewris, Doreen Sidney, Austin wasn't, Austin's homebuilders, Freddie, Sean Kelly, Rand, Freddie Mac, Jenny Schuetz, homebuilding, Kelly, he's Organizations: Austin, Oracle, Facebook, Google, Elon, Census, Parcl Labs, Federal Reserve, San Antonio —, Austin ., Freddie Mac, Brookings Institution Locations: California, Austin, Real, Texas, Francisco, San Francisco, San Antonio, Boston

☆ Incomes spiked over 17% in 1 year for households in this state—it's not Florida, Texas, or New York
▼ + stars: | 2024-09-22 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: 1 min

The national household median income grew by about 4% between 2022 and 2023, according to the latest Census Bureau Current Population Survey estimates. That may not seem like much, but it's the first significant annual increase Americans have seen since 2019, the Bureau reports. From 2018 to 2019, the median household income nationally grew about 7%. The median household income there was $81,740 in 2023, up from $69,850 in 2022, according to Census Bureau data. That's $11,890 more, or an increase of 17%.

Organizations: Census Locations: South Dakota

☆ Half of renters live somewhere they can't afford
▼ + stars: | 2024-09-21 | by ( Eliza Relman | Noah Sheidlower | ) www.businessinsider.com time to read: +1 min

Half of US renters spend over 30% of their income on housing, Census data shows. Skyrocketing home prices and rents, driven by supply shortages and high interest rates, are to blame. African-American and Hispanic renters are the most cost-burdened, with over half exceeding the 30% rule. But as home prices and rents have skyrocketed in recent years, that so-called 30% rule is increasingly challenging to follow. And for a whopping half of US renters, it's become impossible.

Persons: —, it's Organizations: Service, US, Bureau, Survey, Business

☆ This is the most expensive U.S. city to retire—and it isn't in California or Hawaii
▼ + stars: | 2024-09-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

New York City ranks as the priciest city in the U.S. to retire, according to WalletHub's 2024 analysis of the best and worst places to retire. Following NYC, the two Hawaiian destinations that offer the highest quality of life for retirees — Pearl City and Honolulu — tied for second place. The median rental price for a one-bedroom apartment hit $4,500 a month in August, per Zumper's latest data. That's pretty steep compared with the national median rental price of $1,534 for a one-bedroom and $1,915 for a two-bedroom. The median rental price for all bedroom types in Manhattan is $5,000 versus $4,209 in Brooklyn, according to Zumper.

Persons: it's, WalletHub, New York City It's Organizations: Broadway, New York City, —, Honolulu —, U.S . Census Bureau, for Community, Economic Research, Tax, Boston, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut San, Jersey, Index, Metropolitan Museum of Art, New Yorkers, New York City's Department Locations: Central, New, U.S, — Pearl City, Honolulu, New York Honolulu, Pearl City, Hawaii, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut San Francisco, Fremont , California, Jersey City , New Jersey South Burlington, Burlington , Vermont, New York City, New York, Manhattan, Brooklyn, NYC

☆ Attempts to purge voter rolls increase as election nears
▼ + stars: | 2024-09-20 | by ( Devan Cole | ) edition.cnn.com time to read: +11 min

As of Tuesday, at least three dozen cases related to voter rolls and their maintenance are pending in 19 states, according to the liberal-leaning Democracy Docket, which tracks election litigation. The right-wing effort to purge voter rolls has largely centered around claims that noncitizens are casting illegal votes in favor of Democrats. “There’s always been some litigation about voter rolls and list maintenance. Reviewing voter rolls is a regular practice for states, and despite the 90-day quiet period, the NVRA does allow individuals to ask to be taken off lists close to an election. The federal law exempts some states if they allow voter registration on Election Day at polling centers where federal elections are conducted.

Persons: Donald Trump’s, Joe Biden, Kamala Harris ’, Brennan, “ There’s, ”, Uzoma Nkwonta, Nkwonta, ” Justin Levitt, “, Meritless, Biden, Jason Frazier, Earl Ferguson, Wes Allen, Allen, State Francisco Aguilar, Aguilar, Levitt, J, Christian Adams, Daniel Dale, Fredreka Schouten Organizations: Washington CNN, Republican National Committee, Justice Department, Brennan Center for Justice, New, Loyola Law School, Biden White House, Republicans, NGPAF, Biden, Trump ., DOJ, CNN, Alabama Republican, RNC, Nevada Democratic, State, Nevada Department of Motor Vehicles, Survey, Michigan Bureau, Interest Legal Foundation Locations: Georgia , Nevada , Michigan, Wisconsin, New Georgia, Georgia, Fulton County, Fulton, Trump, Trump . Fulton County, Atlanta, Nevada, Michigan , North Carolina, Arizona, Michigan

☆ Earning $200,000 a year is considered middle class in 3 states—they're not California or New York
▼ + stars: | 2024-09-20 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +7 min

Many Americans made more money in 2023 than the year prior, bringing the national household median income up to $80,610, according to U.S. Census Bureau Current Population Survey estimates. Middle class is commonly defined as earning between two-thirds and double the household median income. Here are household incomes that fall in the middle class in each state, plus the District of Columbia: Alabama Median household income: $60,660Middle class income range: $40,440 to $121,320 Alaska Median household income: $98,190Middle class income range: $65,460 to $196,380 Arizona Median household income: $82,660Middle class income range: $55,107 to $165,320 Arkansas Median household income: $63,250Middle class income range: $42,167 to $126,500 California Median household income: $89,870Middle class income range: $59,913 to $179,740 Colorado Median household income: $96,640Middle class income range: $64,427 to $193,280 Connecticut Median household income: $92,240Middle class income range: $61,493 to $184,480 Delaware Median household income: $86,340Middle class income range: $57,560 to $172,680 District of Columbia Median household income: $111,000Middle class income range: $74,000 to $222,000 Florida Median household income: $72,200Middle class income range: $48,133 to $144,400 Georgia Median household income: $72,420Middle class income range: $48,280 to $144,840 Hawaii Median household income: $97,360Middle class income range: $64,907 to $194,720 Idaho Median household income: $73,910Middle class income range: $49,273 to $147,820 Illinois Median household income: $87,820Middle class income range: $58,547 to $175,640 Indiana Median household income: $76,910Middle class income range: $51,273 to $153,820 Iowa Median household income: $80,860Middle class income range:$53,907 to $161,720 Kansas Median household income: $84,830Middle class income range: $56,553 to $169,660 Kentucky Median household income: $61,980Middle class income range:$41,320 to $123,960 Louisiana Median household income: $57,650Middle class income range: $38,433 to $115,300 Maine Median household income: $75,740Middle class income range: $50,493 to $151,480 Maryland Median household income: $102,000Middle class income range: $68,000 to $204,000 Massachusetts Median household income: $106,500Middle class income range: $71,000 to $213,000 Michigan Median household income: $76,960Middle class income range: $51,307 to $153,920 Minnesota Median household income: $90,340Middle class income range: $60,227 to $180,680 Mississippi Median household income: $55,060Middle class income range: $36,707 to $110,120 Missouri Median household income: $78,290Middle class income range: $52,193 to $156,580 Montana Median household income: $79,220Middle class income range: $52,813 to $158,440 Nebraska Median household income: $89,190Middle class income range: $59,460 to $178,380 Nevada Median household income: $81,310Middle class income range: $54,207 to $162,620 New Hampshire Median household income: $98,780Middle class income range: $65,853 to $197,560 New Jersey Median household income: $91,590Middle class income range: $61,060 to $183,180 New Mexico Median household income: $60,980Middle class income range: $40,653 to $121,960 New York Median household income: $81,600Middle class income range: $54,400 to $163,200 North Carolina Median household income: $68,610Middle class income range: $45,740 to $137,220 North Dakota Median household income: $76,960Middle class income range: $51,307 to $153,920 Ohio Median household income: $73,770Middle class income range: $49,180 to $147,540 Oklahoma Median household income: $67,330Middle class income range: $44,887 to $134,660 Oregon Median household income: $88,740Middle class income range: $59,160 to $177,480 Pennsylvania Median household income: $79,820Middle class income range: $53,213 to $159,640 Rhode Island Median household income: $81,860Middle class income range: $54,573 to $163,720 South Carolina Median household income: $69,100Middle class income range: $46,067 to $138,200 South Dakota Median household income: $81,740Middle class income range: $54,493 to $163,480 Tennessee Median household income: $72,700Middle class income range: $48,467 to $145,400 Texas Median household income: $79,060Middle class income range: $52,707 to $158,120 Utah Median household income: $101,200Middle class income range: $67,467 to $202,400 Vermont Median household income: $85,190Middle class income range: $56,793 to $170,380 Virginia Median household income: $96,490Middle class income range: $64,327 to $192,980 Washington Median household income: $93,440Middle class income range: $62,293 to $186,880 West Virginia Median household income: $60,410Middle class income range: $40,273 to $120,820 Wisconsin Median household income: $79,690Middle class income range: $53,127 to $159,380 Wyoming Median household income: $77,200Middle class income range: $51,467 to $154,400Low or no-minimum wages may bring down incomes in the SouthTwo places in the Sout

Organizations: Census, of Columbia, Indiana, New, North Carolina, North Dakota, Rhode, South Carolina, South Dakota, Washington, West Virginia, District of Columbia, South Carolina —, Southern Locations: U.S, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, Jersey, Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Wisconsin, Wyoming, South, — Mississippi, Louisiana , Alabama , Tennessee, South Carolina

Polish American voters are having a moment. “The Polish American vote there is meaningful,” Jackson said. “A question I frequently get is whether there is even such a thing as a Polish American vote. The efforts by Harris and Trump show “the candidates are clearly making a play for the Polish American vote,” said Dominik Stecula, an assistant professor of communications at Ohio State University. Many Polish Americans do not speak Polish and have never been to Poland, and they long ago moved to the suburbs from the tightly packed Polish neighborhoods that once predominated.

Persons: Kamala Harris, Donald Trump, ” Harris, Trump, Harris, Tom Malinowski, Maureen Pikarski, Joe Biden's, Malinowski, Andrzej Duda, Duda, David James Jackson, “, ” Jackson, ”, Dominik Stecula, ” Malinowski, Stecula, ” Stecula, Vladimir Putin, Putin, Jackson, it’s Organizations: Polish, New, Harris Facebook, Biden, National, of, Solidarity, Bowling Green State University, Trump, Ohio State University, Democratic, Piast Institute, Survey Locations: Pennsylvania, New Jersey, Chicago, Polish, Poland, Ukraine, Krakow, Czestochowa, Philadelphia, Soviet Union, Ohio, Polish American, Pennsylvania , Michigan, Wisconsin, Michigan, Stecula, U.S, Luzerne County, Wilkes, Barre

☆ This star of 'The Secret Lives of Mormon Wives' says her husband is related to Ben Affleck. The genealogy records we found tell a different story.
▼ + stars: | 2024-09-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +7 min

And now, the show about a group of Mormon influencers has yet another controversy — this one involving Ben Affleck. Well, Ben Affleck probably shouldn't be involved at all (more on that later). William Preston Affleck was born in 1801 in Scotland and moved to England sometime before 1825, eventually settling in Preston. It's impossible to say definitively that Zac Affleck and Ben Affleck are not very distant cousins. What the public records show, however, is that Zac Affleck and Ben Affleck are not second cousins, or third cousins, or even fourth cousins.

Persons: —, TikTokers, influencers, Ben Affleck, Jennifer Affleck, who's, Zac Affleck, Zac Ben's, Zac, Ben's, Jennifer Lopez's, Ben, they're, Jen, She's, didn't, Dave Affleck, Scotland Ben, Casey Affleck, Chris Pizzello, Ben Affleck's, Affleck, Myron Affleck, Jr, William Affleck, Zac Affleck's, Preston, William Preston Affleck, William, William Smith Muir, Muir, Joseph Smith, it's, William Afflecks Organizations: Service, Business, AP, Hulu, New York Times, Census, Scottish Locations: Utah, Scotland, Boston, Massachusetts, Rhode Island, Yonkers , New York, Glasgow, Yonkers, United States, U.S, Preston, Lancashire, England, Nauvoo , Illinois

☆ How Springfield, Ohio, became home for thousands of Haitian immigrants
▼ + stars: | 2024-09-19 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +11 min

Mayor Rob Rue told CNN the city’s population has grown about 25% over the past three years, in part due to the arrival of Haitian immigrants. Volunteer teacher Hope Kaufman leads Haitian students during an English language class at the Haitian Community Help and Support Center in Springfield, Ohio, on September 13, 2024. They’re very happy to have them there, and frankly, that’s helped the economy.”Has something changed with Haitian immigration to the US? Members of the Haitian community in Springfield, Ohio — from left, Lindsay Aime, James Fleurijean, Viles Dorsainvil and Rose-Thamar Joseph — stand for worship at Central Christian Church on September 15, 2024. But in an interview with ABC’s “This Week,” the Republican governor stressed the economic benefit the Haitian immigrants are bringing to the city.

Persons: Margery Koveleski, she’s, ”, who’s, Last, Rob Rue, Chris Cook, …, Hope Kaufman, Roberto Schmidt, CNN’s Omar Jimenez, Mike DeWine, that’s, Biden, Nicaraguans, it’s, who’ve, they’d, Cook, Julia Gelatt, ” Gelatt, “, ” What’s, “ Haiti’s, Donald Trump, Lindsay Aime, James Fleurijean, Viles Dorsainvil, Thamar Joseph —, Jessie Wardarski, Sens, Sherrod Brown of, Tim Scott of, Bryan Heck, ABC’s, ” CNN’s Chelsea Bailey, Omar Jimenez, Meridith Edwards, Chris Boyette, Jack Forrest, Priscilla Alvarez Organizations: CNN, American Community Survey, Springfield City Council, AFP, Getty, ” Ohio Gov, ABC, United, US Customs, Department of Homeland Security, Officials, Citizenship, Immigration Services, House Homeland Security, Central Christian Church, City, Republican Locations: Springfield, Ohio, Haitian, Clark County, ”, ” Clark County, Koveleski, Springfield , Ohio, “, Macy’s, ” Ohio, “ Ohio, United States, Haiti, South America, Miami, Ft . Lauderdale, New York City, Canada, Cincinnati, Columbus, What’s, Sherrod Brown of Ohio, Tim Scott of South Carolina

☆ Why a 38-year-old earning a 6-figure salary doesn't have a college fund for her son: 'I expect him to get his own money'
▼ + stars: | 2024-09-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

It's how she's been able to obtain her Ph.D., secure a six-figure salary and purchase a small portfolio of investment properties all within the last 10 years. "I see money as a thing that you work really hard for," she says. But she's not currently putting aside any money to pay for him to go to college. "I don't expect to pay for my kid's college," she tells CNBC Make It. "I hope that he gets a scholarship, or he gets a loan so that he can pay for his own college."

Persons: Cristina Tello, Trillo, she's, Leo, Tello Organizations: U.S . Census, University of Maryland, CNBC Locations: Bethesda , Maryland

☆ Georgia is rich in EV money and jobs
▼ + stars: | 2024-09-18 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Since 2022, the Peach State has added over 30,000 clean energy jobs, more than any other state, according to a June study by Climate Power, a strategic communications firm. The Bipartisan Infrastructure Law allocated over $175 million toward the EV battery supply chain in Georgia and $135 million over five years toward infrastructure for EV charging stations in Georgia. Investments in EV and battery manufacturing will boost job growth and output in both of these sectors, Benson said. Strong population growth remains a tailwind for Georgia's economic growth and EV industry, Benson said. Between 2021 and 2022, there were 327,795 people who moved into Georgia, according to data from the Census Bureau.

Persons: —, Wells, Jackie Benson, Brian Kemp, It's, Biden, Benson Organizations: Service, Business, Peach State, Climate Power, Investments, Atlanta -, EV, Atlas Public, Environmental Defense Fund, Biden Administration, Law, Infrastructure Law, Hyundai, Kia, The Peach State Locations: Georgia, Wells, Atlanta, Georgia , Alabama, North Carolina, South Carolina, Tennessee, Michigan, West Point , Georgia, Wells Fargo, Florida , Texas , California, California, Texas

One out of 4 of the 31,000 homeowners in the coastal parish live there without homeowners insurance — one of the highest percentages in the United States. Across the country, 13.4% of homeowners — about 1 in 8 — are unprotected by homeowners insurance, according to an NBC News analysis of new Census Bureau data. It’s a double-edged sword.”The Census Bureau data shows how many homeowners pay less than $100 — or nothing at all — for homeowners insurance. According to the Census Bureau survey, which was taken in 2023, 20.8% of homeowners without mortgages also lack meaningful homeowners insurance. Among mortgage-holders, 8.5% don’t have meaningful homeowners insurance — and while banks require owners with mortgages to have homeowners insurance, gaps in coverage do happen.

Persons: Hurricane Francine, “, ”, Shannon Martin, you’re, Martin, ” Martin, Mark Friedlander, ” Friedlander, There’s, Daryl Fairweather, Redfin’s, ” Fairweather Organizations: NBC, Bankrate, Insurance Information Institute, “ Insurance Locations: Louisiana’s Terrebonne Parish, United States

☆ Why these three states are the most consistent tipping point in American politics
▼ + stars: | 2024-09-17 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +21 min

Trump won the presidency in 2016 by stunning Democrat Hillary Clinton to win all three states by a combined margin of about 80,000 votes. But, as in other states, Democrats have been concerned about the risk of depressed turnout and some gains for Trump among Black voters in Philadelphia. Eight years later, the two states split again, when Roosevelt comfortably won Pennsylvania and Michigan narrowly went to Republican Wendell Willkie. This trio of states has arguably become the most consistent tipping point in American politics. In the nine elections since 1920 when they split their vote, the candidate who carried two of these three states won seven times.

Persons: Kamala Harris, Donald Trump –, Trump, Hillary Clinton, Joe Biden, Harris, Bob Shrum, Shrum, Tad Devine, “, Biden, PRRI, William Frey, Tim Marema, don’t, Mason, Dixon, Barack Obama, Tony Evers, Gretchen Whitmer, Josh Shapiro, Republican Sen, Ron Johnson, Dane County, Ben Wikler, Pete Giangreco, ”, You’ve, That’s, Gene Ulm, Roe, Wade, Whitmer, Branden Snyder, It’s, Clinton, Dante Chinni, White, ” Chinni, they’ve, They’ve, Republican pollster Patrick Ruffini, Ruffini, “ I’m, ” Ruffini, Geoff Garin, Michael Dukakis, Republican George H.W, Republican George H.W . Bush, James Buchanan, John C, Franklin D, Roosevelt, Herbert Hoover, Republican Wendell Willkie, Gerald Ford, Jimmy Carter, Theodore Roosevelt’s, Al Gore, John Kerry, Republican Thomas Dewey, Hubert Humphrey, Garin Organizations: CNN, White House, Democratic, Michigan, Wisconsin, AdImpact, Trump, Center, University of Southern, “, Republicans, Survey, Blacks, of Labor Statistics, Public Religion Research, Whites, GOP, Brookings Metro, for Rural, doesn’t, Keystone State, Republican, Center for Rural, Democrats, Biden, Black, White, Wisconsin , Michigan Democrats, Detroit, Electoral, American Communities Project, …, Democrat, Pennsylvania, Republican Party Locations: Michigan, Wisconsin, Pennsylvania, Georgia, North Carolina , Arizona, Nevada, Flint , Michigan, University of Southern California, California , New York, Illinois, Texas, Florida, Ohio, . Michigan, Wisconsin’s, Milwaukee, Philadelphia, Detroit, Waukesha, Ozaukee, Washington, Madison, Dane, Dane County, Eau Claire, Appleton, La Crosse, Outagamie, Winnebago, Green Bay, Green, Chicago, Scranton, Wilkes, Barre, ” Michigan, “ Michigan, Gaza, Wisconsin , Michigan, United States, “ Pennsylvania, Ulm, Pittsburgh, Butler , Pennsylvania, Republican George H.W ., Fremont, North Carolina, Michigan , Pennsylvania, “

The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.

Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo

☆ How the Research Triangle has helped make North Carolina one of America's fastest-growing economies
▼ + stars: | 2024-09-16 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

North Carolina's Research Triangle is one of the fastest-growing areas in the U.S., with a population that's boomed by 5.6% since 2020 to 2.4 million people, according to Census data. The area, also known simply as "The Triangle," is anchored by Raleigh, Durham and Chapel Hill and their major universities: North Carolina State University, Duke University and the University of North Carolina at Chapel Hill. And in that 50 years, North Carolina has totally restructured its economy," said Michael Walden Reynolds, an economics professor at North Carolina State University. The Triangle region has about 4,000 tech and 600 life science companies, and more than 300 companies are headquartered in RTP alone, according to the Research Triangle Regional Partnership and Work In The Triangle. "Companies are seeing the advantages of doing business here," said Ryan Combs, executive director of the Research Triangle Regional Partnership.

Persons: I've, Michael Walden Reynolds, Apple, it's, Ryan Combs Organizations: Chapel Hill, North Carolina State University, Duke University, University of North, RTP, North, Research Triangle Regional, Meta, Novo Nordisk, Google, Apple, Nordisk, CNBC, Business . Locations: U.S, Raleigh, Durham, University of North Carolina, North Carolina, RTP, States

☆ The states where rent is going up the fastest — and the slowest
▼ + stars: | 2024-09-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

States such as Maine, New Mexico, and Utah have seen the largest percent increases in median gross rent — which includes rent and utility costs — between 2022 and 2023. The median housing cost for renters increased from $1,354 to $1,406 during this period. The census data covers increases between 2022 and 2023, and more recent data shows that cost growth has continued this year. According to national Redfin data, rents increased slightly nationwide in September 2024 compared to the year prior, at 0.9%, and are now $1,645 for all rental sizes. The ACS reveals some racial inequities among cost-burdened households.

Persons: — Organizations: Service, Survey, Business, DC Locations: Maine, New Mexico, Utah, Hawaii, Washington, Florida, Mississippi, Alaska, New York, Raleigh, Fort Worth, Charlotte, Milwaukee, Florida , Nebraska, Vermont, Alaska , Delaware, Georgia, Pennsylvania

Donald Trump allies are worried that the former president’s ties to right-wing activist Laura Loomer could cost him votes in key battleground states. Laura Loomer cannot stay. During the Trump administration, she was banned from some social media platforms for anti-Muslim posts. This does not represent President Trump. The comments were based on a conspiracy theory that originated online and spread throughout far-right circles, including on Loomer’s own social media account.

Persons: Donald Trump, Laura Loomer, Kamala Harris, Harris, “, Trump, hasn’t, ”, Trump’s, Greene, Marjorie Taylor Greene —, MAGA, Herschel Walker, Brian Kemp, Walker, Democratic Sen, Raphael Warnock, Warnock, Roy Cooper, Mark Robinson, won’t, ” Trump, Karoline Leavitt, Laura, Laura — she’s, ” Loomer, Loomer, —, there’s, influencer, Sen, Lindsey Graham of, Graham Organizations: NBC News, American Hindu Coalition, “, Trump, Republican Gov, Democratic, Democratic Gov, Republican, Gov, Georgia Republican, Radical Left Marxists, NBC, Greene of Georgia Locations: United States, Georgia, North Carolina, America, Pennsylvania, Michigan, California, Loomer, Greene of, Lindsey Graham of South Carolina, Philadelphia, Ohio

☆ These 10 U.S. cities offer the highest quality of life for retirees—none are in Florida
▼ + stars: | 2024-09-15 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Hawaii is home to the top two retirement destinations with the highest quality of life, per WalletHub's analysis. While Florida is home to the two best overall U.S. cities for retirees, when it comes to quality of life specifically, the first Florida town on the list comes in at 17th place. "Quality of life metrics focus on aspects like the share of elderly residents, poverty rates among seniors, community support and environmental conditions," WalletHub analyst Chip Lupo tells CNBC Make It. "Together, these metrics help identify cities that offer a supportive, enriching environment for retirees." Here are the top 10 cities in the U.S. to retire for the highest quality of life, according to WalletHub.

Persons: WalletHub, Chip Lupo Organizations: Pearl City, Tax Foundation, for Community, Economic Research, . Census, CNBC Locations: U.S, Hawaii, Honolulu, Florida

☆ More Gen Zers are ditching college, and they want better guidance on how to succeed without it
▼ + stars: | 2024-09-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

Despite not having a high school diploma or college degree, he started multiple successful businesses that allowed him to financially support his family. During her senior year of high school, Wakeham was struggling to decide on her post-graduation route. US Census Bureau data found the enrollment rate of high school graduates at 61.4% in October 2023 was slightly down from 62% in 2022. Indeed, even as some Gen Zers don't think college is the best path for them, recent data has shown that college continues to provide long-lasting benefits when it comes to careers and earnings. Some high schools have shifted to place a greater emphasis on alternative routes since the pandemic.

Persons: LeLaina Wakeham, Wakeham, didn't, Zers, Zach Hyrnowski, Hyrnowski, we've, Hrynowski, that's, Hannah Maruyama, Maruyama, Jared Polis, — she's Organizations: Service, Business, Gallup, Walton Family Foundation, Colorado Gov, Bureau of Labor Statistics, Reinventing Public Education, roundtables Locations: Mexico, New England

☆ Why people are souring on one of the country's hottest housing markets
▼ + stars: | 2024-09-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe exodus is mainly being driven by higher housing costs, a higher cost of living, and souring attitudes toward the influx of people who moved to Florida in recent years. Property insurance costs in the state are rising at the fastest pace in 20 years, according to Capital Economics. According to Cindy, her home insurance costs around $8,000 a year. The cost of living has also risen, in part due to rising housing costs and more people living in the city.

Persons: —, who's, Cindy, isn't, Rafael Corrales, Corrales, Kevin, hadn't, it's, Bill McBride, McBride, That's, It's, Darryl Fairweather, Redfin, Fairweather Organizations: Service, Business, Tampa —, Capital Economics, Bureau of Labor Statistics, Washington DC, Florida Department of Law, Sunshine State Locations: Florida, Sunshine, Tampa, Orlando, Jacksonville, South Florida, Miami, St, Pete, Seattle, New York, Fort Lauderdale, Palm Beach, Petersburg, Clearwater, Florida's

☆ Both parties court Navajo voters in battleground Arizona
▼ + stars: | 2024-09-14 | by ( Veronica Stracqualursi | ) edition.cnn.com time to read: +8 min

Window Rock, Arizona CNN —Nearing the end of the annual Navajo Nation parade route last Saturday, the Arizona Republican Party’s float — pulled by an 18-wheeler and adorned with Trump-Vance campaign signs — came to a halt. The Navajo Nation makes up the largest tribe in Arizona, with about 131,000 members, according to the US Census. A Marine veteran, Gallego said his ties to the Navajo Nation stem from his military veteran friends from the tribe. “I believe we have many strong, educated women, especially on the Navajo Nation. “Not everybody wants to help the Indigenous.”Her remote part of the Navajo Nation rarely gets visitors, let alone campaigns knocking on her door.

Persons: , Arizona CNN —, Vance, —, “, Joe Biden, Kamala Harris ’ ascendance, Gina Swoboda, Trump, ” Swoboda, ”, Swoboda, we’re, Harris, it’s, “ let’s, Ruben Gallego, Kari Lake –, Eli Crane, Jonathan Nez, Sen, Kyrsten Sinema, –, Myron Lizer, Gallego, Republicans don’t, that’s, ” Gallego, Danielle Doctor, Harris ’, Tom Ranger, Biden, Allie Young, Loretta Charley, they’re, “ Who’s Organizations: , Arizona CNN, Navajo, Arizona Republican, Trump, Arizona, Democrats, White, Senate, Arizona GOP, Republican National Committee, CNN, Republican Party, Tribal, Democratic, GOP, Navajo Nation Museum, Republicans, Marine, Voters, Republican, Biden, House Administration, US, Navajo Nation Locations: , Arizona, Arizona, Washington, Navajo Nation, Flagstaff, “, Apache, Navajo, Gallego, Phoenix, House, Rocky

Many said he failed to acknowledge the real reason many grandparents don't help with childcare more: They can't afford to. Many American families are stuck between a retirement crisis and a childcare crisis, with young parents unable to help their own parents — and vice versa. The childcare crisis meets the retirement crisisSandra, 51, has been dealing with both childcare and eldercare challenges over the past year. "And that would help parents who want to stay home and care for kids; it would also help grandparents who want to help care for kids while their parents are working." AdvertisementRachidi also said that revisiting the usefulness of regulations around informal care — settings like friend and family care — should be on the table, too.

Persons: Linda C, Donald Trump, Joe Biden, Sen, JD Vance, Linda, I'd, Vance, Trump, she's, —, Taylor Van Kirk, Van Kirk, Sandra, grandpa, Elliot Haspel, Haspel, Kamala Harris, Jennifer Baker, they'd, that's, Baker, who's, Angela Rachidi, Rowe, Rachidi, Connie Adler, Adler, Vance's Organizations: Service, Democratic, Business, AARP, Capita, American Enterprise Institute, asheffey Locations: California, Sweden, Arizona

☆ America’s stores are winning the war on shoplifting
▼ + stars: | 2024-09-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

New York CNN —A year ago, America’s stores declared a shoplifting epidemic. Target also closed nine stores, saying “theft and organized retail crime” threatened worker and customer safety and made business unsustainable. Many retailers’ merchandise losses have stabilized or improved, and chains have publicly dialed back their rhetoric. Their shrink rate — lost inventory as a percentage of sales — is their best estimate for items that go missing. The shoplifting rate in the first half of 2024 was also 10% higher than in the first half of 2019.

Persons: Target, “, Michael Fiddelke, Lindsey Nicholson, Gavin Newsom, ”, Michael Baker, DA Davidson, Donald Trump, William Blair, Walgreens ’, James Kehoe, ” Neil Saunders, “ That’s, it’s, Baker, ” Baker, David Johnston, Duane Reade, Angela Weiss, Ernesto Lopez, Edgar Dworsky, “ We’ve, ” Johnston Organizations: New, New York CNN, Target, Getty, “, DA, CNN, Companies, National Retail Federation, Criminal, Retailers Locations: New York, Queens , New York, California, New York City

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