Mar 8, 2017

"Echo Boomers" are taking over the economy

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Economists shrug off downbeat November retail sales due to late Thanksgiving

Photo: Andrew Caballero-Reynolds/AFP via Getty Images

Wall Street shrugged in response to below-forecast consumer spending.

What's happening: Rather than interpret the data as a sign that the all-important consumer is losing steam, some are blaming November's figures on a calendar quirk — and keeping faith shoppers will continue to open up their wallets.

Go deeperArrowDec 16, 2019

Household income stagnates as home prices soar

Data: Census Bureau; Chart: Andrew Witherspoon/Axios

Despite a robust economy and low unemployment, household income hasn't changed much in the past 20 years.

Go deeperArrowDec 31, 2019

Report: American retirees look to Vietnam for lower cost of living

Duong Van Chat, 92, waits to play croquet in Hanoi's Soc Son district in October 2019. Photo: Manan Vatsyayana/AFP via Getty Images

Some American baby boomers are retiring to Vietnam to take advantage of the lower cost of living and affordable health care, the Los Angeles Times reports.

The big picture: Just over 420,000 retired American workers live in foreign countries, according to the latest data from the Social Security Administration. That number is small compared to most of the U.S. but marks a higher concentration than dozens of large states.

Go deeperArrowDec 29, 2019