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Majority of US households are struggling due to inflation | World . . . United States Millions of Americans are facing financial hardship due to rising consumer prices, as the level of inflation remains at its highest level in more than 40 years Inflation tends to impact lower-income groups disproportionately But as the chart below shows, inflation pressure has even caught up with high-income households
Is the US heading for recession? All the indicators say yes | World . . . The most widely accepted definition of a recession is two consecutive quarters of declining GDP According to a forecast by The Conference Board, U S real GDP growth will slow to 1 5% in the first quarter of 2022, down sharply from 6 9% growth in the last quarter of 2021 The White House is confident of strong GDP growth in 2022 despite
Half of US adults lack financial literacy, survey shows | World . . . The majority of US adults cannot Apr 24, 2024 The EU and the US are under-performing in terms of financial literacy Image: Unsplash Angie J This article is part of: Centre for Financial and Monetary Systems In the US, financial literacy is hovering at around 50%, according to an annual survey, with the EU also under-performing
New Report Charts Roadmap to a Quantum-Secure Financial System Davos-Klosters, Switzerland,17 January 2024 – A World Economic Forum report, released today, analyses a financial sector on the cusp of a quantum revolution, where emerging technologies are predicted to drive sector investment to $19 billion by the 2030s and up to $850 billion over the next 30 years
How is the US economy doing after COVID-19? - The World Economic Forum Felix Richter The United States economy has made an impressive recovery after COVID-19 The economy as a whole has returned to its pre-pandemic growth trajectory, with real GDP growing 2 1% in 2022, reports Statista However, experts say the US could pay the price for the swift recovery, with a slowdown or even a recession predicted for 2023
This is how Artificial General Intelligence will drive financial . . . The next form of AI, Artificial General Intelligence, has the potential to be a key driver in reshaping financial services, especially for underbanked and unbanked populations Emerging Technologies How Artificial General Intelligence will drive an inclusive financial sector in Latin America
US household income distribution data, shown in one chart | World . . . Nearly 20% of all American households earn between $25,000 and $49,900 a year Just as the pandemic had an impact on income distribution, rising inflation and interest rates are now tightening budgets for many households America's household income distribution visualized as 100 homes Image: Visual Capitalist
Investors predict US recession in 2023 - The World Economic Forum Around half of investors expect the US to enter recession in 2023, a Bloomberg Markets Live survey shows Deutsche Bank is the first major bank to forecast a US recession next year The global economic outlook is uncertain because of Russia’s invasion of Ukraine and Chinese lockdowns potentially impacting supply chains
What is a bank run? And why does confidence matter for a bank? Bank runs hit the headlines during the financial crisis of the late 2000s, as pictures of people waiting in line outside branches of UK-based Northern Rock were beamed around the world And these losses of confidence in the financial system date back to the 1900s – with the 1907 banking panic and the Great Depression of the 1930s
How financial inclusion can lift millions out of poverty: World Bank . . . So, for example, a recent study of a government workfare programme in India, which reached over 100 million people, found the paying women their benefits directly into their own financial institution account and not into the account of their husband or other male household head, increased woman's financial control over her money, influenced gender norms that prevented women from working, and