Economy | Credit Card Topics

Experts Predict a Slowdown in the U.S. Economic Growth Rate as Stimulus Momentum Dwindles and International Factors Come Into Play

By: Matt Walker, 3/6/2019

In a Nutshell: The U.S. economy saw strong growth in 2018 that outpaced the economies of all of its G7 peers. While that growth is expected to continue, experts predict the growth rate will begin to slow in 2019. We recently spoke with Gregory Daco, the Chief U.S. Economist for Oxford Economics, about some of the factors at play in the economy’s growth. Daco also shed some light on how international events can impact the U.S. economy, and he discussed the recent government shutdown... read more »

EPI Research Shows Income Inequality Reduces the Buying Power of Lower-Wage Workers and Makes the Economic Pie Smaller for Everyone

By: Adam West, 1/16/2019

In a Nutshell: As the economy grew in the decades following World War II, so did the income levels for a vast majority of workers. But in the 1970s, policymakers began to favor the interests of employers over employees — resulting in wage stagnation and rising income inequality. Researchers at the Economic Policy Institute argue this isn’t just bad for individuals but also for the economy. The EPI believes that only by enacting policies that favor workers can the U.S. ensure the... read more »

2018’s Top 10 Booming College Towns

By: Ashley Dull, 11/5/2018

A 2017 study by TD Ameritrade found that nearly 50% of college graduates return home after receiving their diploma out of financial necessity. The financial strain of student debt, lack of job opportunities, and a high cost of living are just some of the reasons students choose to move back with their families, which for most, was never the intended plan. Some college towns, however, provide economically friendlier climates for recent grads and job seekers than others. The following... read more »

People’s United Advisors Chief Investment Officer John Traynor Shares His Insights on Tariff Impacts and America’s Future Economic Outlook

By: Matt Walker, 10/30/2018

In a Nutshell: The US economy is always in flux to some degree and it garners much-deserved speculation from financial experts and investors alike. Recently, some of President Donald Trump’s policies have only bolstered conjecture on the topic. People’s United Advisors Chief Investment Officer John Traynor shared his expertise and some of People’s United’s insights into the economy, including the impact of tariffs, a positive outlook for economic growth in the near future, and... read more »

On the Issues Presents Political Candidates’ Stances Without Commentary so Voters Can Decide for Themselves

By: Matt Walker, 10/25/2018

In a Nutshell: US politics is surrounded by an influx of voices espousing every opinion on countless issues — it can be overwhelming. Thankfully, On the Issues offers voters straightforward information about where political candidates stand on topics of public interest. The website was founded in 1999 ahead of the 2000 presidential election as a reaction to the news media’s lack of real coverage on issues. Since then, it has grown to include house, senate, gubernatorial, and other... read more »

CareerArc: How Retailers are Recruiting New Employees and Transitioning Seasonal Hires in the Modern, Connected Economy

By: Ashley Dull, 10/11/2018

In a Nutshell: Talent acquisition and retention present challenges for the retail industry especially with its high turnover, seasonal hiring, and competition for technically skilled workers. Retailers must also promote their unique brand values to recruit the quantity and quality of workers they need. CareerArc provides the software tools and access to employment channels to accomplish those tasks. Brands can use the Social Recruiting platform to optimize messaging to reach top... read more »

HomeStreet Bank Recognized with Editor’s Choice Award for Creating Employment Opportunities for Veterans

By: Ray FitzGerald, 8/28/2018

In a Nutshell: Most military veterans don’t return home to the parades and fanfare that welcomed past decorated heroes, and some even struggle to find employment once they’re back on US soil. HomeStreet Bank understands and appreciates the value and discipline trained military members bring to its company, which is why the institution provides veterans with extensive hiring opportunities. In addition to its hiring practices, HomeStreet also offers veterans an array of financial... read more »

Why Accountants are a Smart Hire for the Middle Class

By: Ray FitzGerald, 5/23/2018

In a Nutshell: Everyone needs help now and then — but sometimes realizing you need help is the hardest hurdle to jump. While many consumers and small business owners think accountants and CPAs are only for the ultra-wealthy, their services help people of all incomes create savings and trim expenses. The Pennsylvania Institute of Certified Public Accountants (PICPA) is one of the longest-running member-based groups for accountants and CPAs and offers opportunities for professionals... read more »

CalEITC4ME Works to Bring Awareness to the Estimated 1.7 Million Californians Who are Eligible for the State Earned Income Tax Credit

By: Ray FitzGerald, 4/9/2018

In a Nutshell: For more than 40 years, observers have hailed the federal government’s Earned Income Tax Credit (EITC) as one of the most effective anti-poverty tools in the US. In recent years, individual states have set aside money for low- and moderate-income families to claim state tax credits to supplement the federal EITC. California, a forerunner in the movement, has an estimated 1.7 million residents who are eligible for the credit. CalEITC4ME works to spread word of the... read more »

Market-Leading Forecasts for US Employment & Economic Growth on Moody’s Analytics Economy.com

By: Ray FitzGerald, 4/5/2018

In a Nutshell: The American job market is the strongest it’s been in nearly five decades, with unemployment rates dipping toward 4% and more than 6 million available jobs in the country. Monthly employment forecasts released in a joint partnership between Automatic Data Processing (ADP) and Moody’s Analytics show the job market remaining on its current pace well into 2019. Moody’s Analytics, a world leader in macroeconomic data forecasting, publishes dozens of monthly reports on... read more »

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