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The Latest Breaking News from the Bank of America Institute

The Top 5% of Americans Are Outspending Their Own Paychecks. That's the Risk to Watch.

America’s consumer may be less divided than investors think. But one group is still behaving very differently from everyone else: the richest 5% of households.

Benzinga

Americans are buying more used clothes, but the real story is who's buying what: luxury resale is booming and so is discount

"We’re seeing that growth isn't uniform, and it really is concentrated, seemingly, at the high and low ends of the market when it comes to clothes."

Fortune

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.

Fortune

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US employers likely added 60,000 jobs last month, subdued but a marked improvement over 2025 hiring

The American job market is looking brighter this year than it did in a gloomy 2025

The Independent UK

The labor market is finally stabilizing, but there's a catch

It's a welcome development in an economy rocked by trade uncertainty, geopolitical shocks, and technological advancements.

Axios

Americans are still ditching New York and LA at alarming rates, but Miami's on the list now, too

“Miami’s migration tells a striking story,” says the Bank of America Institute. Meanwhile, the Midwest is “still having a moment.”

Fortune

5 Ways the Wealthy Will Spend Big in 2026, According to Experts

While many people think that America's ultra-rich splurge on designer purses, sneakers and sports cars, the truth might surprise you.

GOBankingRates

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Walmart’s CEO Doug McMillon out-earns the average American’s salary in less than 20 hours—during a typical 30-minute commute, he’s already made $1,563

Outgoing Walmart CEO Doug McMillon started out at the company making $6.50 hourly unloading trailers, and after four decades of climbing the ranks, he now fetches $75,000 every day.

Fortune

Apple CEO Tim Cook out-earns the average American’s salary in just 7 hours—to put that into context, he could buy a new $439,000 home in 2 days

Apple CEO Tim Cook has a $74.6 million pay package. Within the 30 minutes it takes most people to commute to the office, Cook is already $4,256 richer.

Fortune

'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.

Benzinga

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.

Benzinga

Job-Hopping Has Long Been The Path To Higher Pay. For The First Time Since 2010, Staying Put Is Doing Better

For years, changing jobs was the best way to get a raise. But that trend appears to be cooling off. According to new data from the Bank of America Institute, people who jump from one employer to another are no longer seeing the same kind of pay boosts they once…

Benzinga

Bank of America says tariffs might spark a ‘reshoring’ boom—but experts say it might be a double-edged sword for the economy

A lack of skilled labor in the U.S. could force companies to invest more heavily in automation.

Fortune

Credit Card Spending Accelerated In December As Americans Spent On Services And Retail

Household spending was up 2.2% in December versus the prior year.

International Business Times

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Fortune

Gen X was supposed to be the economy's safety net—now they're the 'struggling middle child' balancing retirement and paying for adult children

"I am much more keenly aware of what's being saved and what's going out now than I ever have at any other point in my life."

Top News

Small Business Rent Costs Rise, Wage Inflation Eases

Bank of America Institute data shows small businesses facing rent inflation challenges, with some relief from easing wage inflation and positive profit ind...

Fortune

As job hopping slows, the median pay bump for changing employers has fallen from 20% to 10%

Pay increases when switching jobs are nothing compared to the highs of the Great Resignation, according to the Bank of America Institute.

Fortune

Older millennials are ‘feeling the hit’ in this housing market, BofA finds—and a lot of it has to do with student debt

The housing market is uneven, according to the Bank of America Institute, and millennials 35 and older “face a bigger financial burden.”

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Kiplinger

Credit Card Spending is on the Rise — What Could That Mean for a Recession?

With credit card spending on the rise, is a recession on the cards for the U.S.?

People

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