household income

Before Market Slide, Americans Were Losing Confidence

Even before the latest stock-market plunge, U.S. consumer confidence was already sliding downward, according to a Fannie Mae survey released Monday. Some 70% of respondents say the economy is heading in the wrong direction.

Will Your Finances Be Better in 2012? Most Think Not

When it comes to the the state of their family finances, Americans seem to be moving toward the "acceptance" stage. Some of us think our own household scenarios will get better in the coming year, some of us dread things getting worse, but mostly, we expect more of the same.

Why Wall Street Paychecks Dwarf Those of Most Americans

Why is that so -- when the average worker hasn't enjoyed even a small raise? That's because Wall Street enjoys at least four major advantages that other industries can only dream about, including an implied backstop against losses by the federal government.

Consumers Lose Some Confidence in October

The Thomson Reuters/University of Michigan survey found that consumer sentiment slipped to 67.9 in October from 68.2 in September, as Americans continued to be reluctant about purchasing decisions amid uncertain income gains.