The U.S. Labor Department said Friday that the unemployment rate hit 6.2 percent in July, but does that rate tell the real story?» Read More
The income gap is widening fastest for Americans between the ages of 35 and 44, according to new analysis from Bankrate.com. The divide between the increasingly rich and the ever-poorer grew by 21 percent for that age group between 1992 and 2012.
"These are key transition years," said Chris Kahn, a Bankrate analyst, in a statement. He blames high unemployment and stagnant wages for fueling the chasm and says those confluences make it "more challenging for people to stay in the middle class or move up."
The income gap rose 17.6 percent for people aged 45 to 54, well over the 10 percent average for all Americans, according to the analysis of U.S. Census data.
(Read more on the study from Bankrate.com)
Christmas is a few weeks away and 'tis the season for consumers to purchase and decorate Christmas trees - whether real or plastic pines - so Santa knows where to put the gifts.
The cheaper it gets to borrow money, the faster people want to buy houses.
With the holidays and New Year's quickly approaching, 'tis the season to toast with bubbles that don't burst.
The country with the highest growth for uncorking bottles of bubbly is Japan. Japan has increased champagne imports by 21 percent since 2010 from 7.5 million bottles to 9 million. According to IWSR research, the taste for sparkling wines and champagne in Japan is attributed to its female consumers.
(Read more: Will cheap rivals steal champagne's fizz?)
In contrast, Europeans are struggling to find good reasons to crack open the bubbly. The British market, the world's biggest importer of champagne, has dropped by nine percent since 2010.
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The cost of Thanksgiving dinner spiked two years ago and didn't get any better last year, but in 2013 Americans will get a (tiny little) bit of relief on their holiday meal bill.
A massive storm is threatening to snarl Thanksgiving travel up and down the East Coast, and could cost airlines a pretty penny in the process.