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The Latest Breaking News from Bank of America Institute

One in five Americans call sports betting an investment. For Gen Z, it's twice as many — and they don't come close to breaking even

People used to place bets periodically, but now it has become a daily habit for nearly a quarter of sports bettors.

Bad News: Employers are hiring fewer people. Good News: The ones who land jobs are being paid more

Bad News: Employers are hiring fewer people. Good News: The ones who land jobs are being paid more

It was the weakest month for new jobs since January, according to new data

The Independent UK

The World Cup's Biggest Spending Boom Didn't Happen at Kickoff. It's Happening Now

The World Cup's Biggest Spending Boom Didn't Happen at Kickoff. It's Happening Now

After weeks of uncertainty over bookings, economists and travel analysts say the World Cup is now producing the kind of spending surge many local businesses had anticipated before kickoff.

International Business Times

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Wealth Inequality Gaps Are Narrowing. Now the K-Shaped Economy is Losing Its Shape, New Data Shows

For years, economists have described the U.S. recovery as "K-shaped," meaning higher-income households benefited disproportionately from rising asset values, stronger investment returns, and housing appreciation.

International Business Times

Secondhand clothing shopping spikes as Americans look to spend less and save money

Shoppers are not only buying from secondhand retailers more but are also spending less on each purchase

The Independent UK

Ray Dalio sees a pattern that shows China killing America's economy. This 2,000-year chart explains why

A Bank of America Institute analysis of 2,000 years of GDP data reframes American exceptionalism — and points toward what comes next.

'Two Different Worlds,' A Quarter Of U.S. Households Are Living Paycheck To Paycheck Study Finds

Nearly one-quarter of U.S. households are living paycheck to paycheck, according to a study by the Bank of America Institute released last week.

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Six Months Into Trump's Tariffs And Consumers Feel The Squeeze

Six Months Into Trump's Tariffs And Consumers Feel The Squeeze

Six months into President Donald Trump's tariffs, lower- and middle-income Americans are feeling the pinch from persistent inflation, steep borrowing costs, and a housing market out of reach.

Businesses Are Turning Toward Wealthier Shoppers. Lower-Income Consumers Are Pulling Back On Spending

Businesses Are Turning Toward Wealthier Shoppers. Lower-Income Consumers Are Pulling Back On Spending

U.S. economy may be holding steady overall, but the financial divide is getting harder to ignore. Higher-income households are spending more and seeing stronger wage growth, while lower-income households are increasingly feeling left out, according to recent data from the Bank of America Institute.

More outages, aging infrastructure, and bicoastal dysfunction: BofA warns America’s grid is 30% to 46% ‘beyond its useful life’

More outages, aging infrastructure, and bicoastal dysfunction: BofA warns America’s grid is 30% to 46% ‘beyond its useful life’

Bank of America Institute warns: “Grid reliability is worse today than in the early 2000s.”

The gap between higher- and lower-income households is widening as inequality progress since pandemic has ‘gone into reverse,’ BofA economist says

The gap between higher- and lower-income households is widening as inequality progress since pandemic has ‘gone into reverse,’ BofA economist says

Coming out of the pandemic, Bank of America Institute’s David Tinsley tells Fortune, “there was a narrowing of wealth inequality, and now it’s widening.”

A hot trend in the housing market is Gen Z buying homes with siblings

A hot trend in the housing market is Gen Z buying homes with siblings

BofA found that 22% of Gen Z homeowners bought their home with siblings, surging from 12% in 2024 and just 4% in 2023.

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses

The Independent UK

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