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Entrepreneur
16-07-2025
- Business
- Entrepreneur
Here's the Average Disposable Income in Every State: Report
Where you live can make or break the bank when it comes to monthly spending money. One-third of Americans (33%) say they couldn't cover bills for even one month if they lost their income, and 47% cite the cost of living as their biggest obstacle to saving, according to a recent survey from Yahoo Finance and Marist Poll. Every state's living wage is at least $82,000 a year, and in 26 states, a family of four must earn at least $100,000 annually to be considered "financially secure" — or $150,000 if they're in Hawaii, Massachusetts, California and New York, per GOBankingRates data. Related: People Under 25 Have the Best Chance at Building Wealth in This U.S. State — and the Worst in These 2 Others Naturally, many people feel they don't have much money left over once they contribute to essential costs and savings accounts. A new study from online lender CashNetUSA explores exactly how much disposable income Americans have in every state annually — and comes with a calculator for you to determine your own and see how it compares. Related: Young People Earning More Than $200,000 a Year Are Fleeing 1 U.S. State — and Flocking to 2 Others Use the 50/30/20 budget calculator here to figure out how much monthly after-tax income you can spend on "wants" versus "needs" and "savings":


The Hill
08-07-2025
- Business
- The Hill
More than 8 in 10 worried about tariffs' impact on finances: Survey
More than 80 percent of Americans fear their finances will take a hit from the Trump administration's tariffs, according to the latest Yahoo! Finance/Marist Poll. In the survey, conducted in late May, 39 percent of U.S. adults say they're 'very concerned' and 41 percent say they're 'somewhat concerned' about the impact of tariffs on their personal finances, while only 19 percent say they're either 'not very' or 'not at all' concerned — at 13 percent and 6 percent, respectively. The concern prevails across party lines and demographics. Nearly all Democrats, at 93 percent, worry about the personal ramifications of President Trump's tariffs. But a majority of Republicans and independents — at 70 percent and 79 percent, respectively — say they're worried, as well. There is very little difference in the way generations perceive the threat of tariffs on their finances. Eighty-three percent of both Generation Z and Millennials express personal concern about tariffs, compared to 82 percent of Generation X and 75 percent of the combined group of Baby Boomers, Silent Generation and Greatest Generation. Asked to pick a single economic issue that is most concerning to them 'right now,' tariffs were the second most popular answer, following inflation. Inflation received the most votes, with 42 percent of respondents, followed by tariffs at 22 percent, housing costs at 13 percent, job security at 8 percent, and interest rates and stock market volatility each at 6 percent. The poll was conducted less than two months after Trump announced his sweeping 'reciprocal' tariffs on individual countries, which sent the stock market tumbling. A week later, he instituted a 90-day pause to allow countries to negotiate with the United States to get a better deal. That extension is due to expire on Wednesday, and the president said he sent letters to numerous countries informing them of his intention to hike up tariff rates by Aug. 1 if they don't strike a deal sooner. The poll was conducted May 28-31 and included 2,011 adults. The margin of error is 2.4 percentage points.
Yahoo
07-07-2025
- Business
- Yahoo
US consumers plan to cut back this summer as tariff worries weigh on spending: Yahoo Finance/Marist Poll
Americans are thinking twice before they travel, dine out, or shop this summer, with the vast majority of consumers worried about their personal finances as uncertainty over tariffs and a muddied outlook for the US economy weigh on confidence. According to a new Yahoo Finance/Marist Poll released Monday, roughly 80% of Americans surveyed expressed some level of concern about the impact of President Trump's tariffs on their personal finances. And that fear is shifting how they plan to spend. US consumers plan to cut back the most on spending when it comes to entertainment, clothing, tech, furniture, and appliances, according to the poll, which surveyed roughly 2,000 adults between May 28 and May 31. That's followed by plans to spend less on toys and games, beauty and wellness items, as well as grocery hauls and household goods. President Trump's pause on some of his steepest tariffs was in place at the time of the poll, which left in place a 10% tariff on imports from most countries and a 30% tariff on goods from China. The poll also ran prior to Trump doubling tariffs on steel and aluminum to 50% on June 3 and a deal reached with Vietnam last week that left a 20% tariff on all goods sent into the US and a 40% tariff on goods that are subject to transshipping. Read more: The latest news and updates on Trump's tariffs Coresight Research founder and CEO Deborah Weinswig told Yahoo Finance that even if consumers are "not necessarily" feeling the impact of tariffs on their wallets just yet, "they are definitely reining it in on spending." These changes are starting to show up in economic data. US retail sales for May fell 0.9%, a sharper drop than economists had forecast. Spending at grocery stores fell 0.8% from the prior month, while restaurants and bars saw spending drop 0.9% in May. Building material sales, a sign of consumers investing in larger purchases for their homes, fell 2.7%. More than half of respondents to the Yahoo Finance/Marist Poll expect the tariffs to negatively affect the overall economy. Inflation is the top concern (42%), followed by tariffs (22%) and housing costs (13%). That sentiment also materialized in the Conference Board's consumer confidence data for June. Consumer confidence — a key indicator of how consumers feel about the overall economy — fell 5.4 basis points to 93 in June from 98.4 in May as concerns about the effects of tariffs on prices and the economy remained top of consumers' minds. Read more: What is consumer confidence, and why does it matter? Those concerns are translating into fewer summer vacation plans — or, perhaps, staycation plans. More than a third of respondents (39%) said they'll travel less this summer. "This summer might be just kind of middle of the road as far as travel is concerned," AAA Northeast's Robert Sinclair Jr. told Yahoo Finance. The poll results come as airlines including JetBlue (JBLU) and Delta (DAL) have warned of weaker summer travel demand. Airline fares decreased 7.3% in May from a year ago, per the latest Consumer Price Index report. JetBlue and Delta stock prices have dropped 17% and 3%, respectively, over the past month. Read more: Best travel credit cards for 2025 Americans who are staying close to home also plan to be frugal. Roughly a third (32%) said they'll attend fewer social events, and more than half (52%) said they plan to eat out less this summer. May's Consumer Price Index report, released earlier this month, marked the 27th straight month that inflation for food at home was below inflation for food away from home, per JPMorgan analyst Ken Goldman. More than a third (34%) are holding off from splurging on large purchases, the results showed, and nearly half (45%) said they are seeking out the best deals. Some (28%) said they are shopping more at discount and big box stores. These shifts have already appeared in results for dollar store chains like Dollar General (DG) and Dollar Tree (DLTR), which have outperformed the broader retail chains as higher-income shoppers look to save money. Dollar General CEO Todd Vasos told investors the company saw the "highest percent of trade-in customers" in the first quarter than in the past four years. "We have seen increased trade-in activity from both middle- and higher-income customers," Vasos said. "These behaviors suggest that we are continuing to attract higher-income customers who are looking to maximize value while still shopping for items they want and need." Walmart's (WMT) US same-store sales also outpaced those of peers like Target (TGT) as consumers sought low-cost groceries, which make up the majority of Walmart's sales nationwide. Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
US consumers plan to cut back this summer as tariff worries weigh on spending: Yahoo Finance/Marist Poll
Americans are thinking twice before they travel, dine out, or shop this summer, with the vast majority of consumers worried about their personal finances as uncertainty over tariffs and a muddied outlook for the US economy weigh on confidence. According to a new Yahoo Finance/Marist Poll released Monday, roughly 80% of Americans surveyed expressed some level of concern about the impact of President Trump's tariffs on their personal finances. And that fear is shifting how they plan to spend. US consumers plan to cut back the most on spending when it comes to entertainment, clothing, tech, furniture, and appliances, according to the poll, which surveyed roughly 2,000 adults between May 28 and May 31. That's followed by plans to spend less on toys and games, beauty and wellness items, as well as grocery hauls and household goods. President Trump's pause on some of his steepest tariffs was in place at the time of the poll, which left in place a 10% tariff on imports from most countries and a 30% tariff on goods from China. The poll also ran prior to Trump doubling tariffs on steel and aluminum to 50% on June 3 and a deal reached with Vietnam last week that left a 20% tariff on all goods sent into the US and a 40% tariff on goods that are subject to transshipping. Read more: The latest news and updates on Trump's tariffs Coresight Research founder and CEO Deborah Weinswig told Yahoo Finance that even if consumers are "not necessarily" feeling the impact of tariffs on their wallets just yet, "they are definitely reining it in on spending." These changes are starting to show up in economic data. US retail sales for May fell 0.9%, a sharper drop than economists had forecast. Spending at grocery stores fell 0.8% from the prior month, while restaurants and bars saw spending drop 0.9% in May. Building material sales, a sign of consumers investing in larger purchases for their homes, fell 2.7%. More than half of respondents to the Yahoo Finance/Marist Poll expect the tariffs to negatively affect the overall economy. Inflation is the top concern (42%), followed by tariffs (22%) and housing costs (13%). That sentiment also materialized in the Conference Board's consumer confidence data for June. Consumer confidence — a key indicator of how consumers feel about the overall economy — fell 5.4 basis points to 93 in June from 98.4 in May as concerns about the effects of tariffs on prices and the economy remained top of consumers' minds. Read more: What is consumer confidence, and why does it matter? Those concerns are translating into fewer summer vacation plans — or, perhaps, staycation plans. More than a third of respondents (39%) said they'll travel less this summer. "This summer might be just kind of middle of the road as far as travel is concerned," AAA Northeast's Robert Sinclair Jr. told Yahoo Finance. The poll results come as airlines including JetBlue (JBLU) and Delta (DAL) have warned of weaker summer travel demand. Airline fares decreased 7.3% in May from a year ago, per the latest Consumer Price Index report. JetBlue and Delta stock prices have dropped 17% and 3%, respectively, over the past month. Read more: Best travel credit cards for 2025 Americans who are staying close to home also plan to be frugal. Roughly a third (32%) said they'll attend fewer social events, and more than half (52%) said they plan to eat out less this summer. May's Consumer Price Index report, released earlier this month, marked the 27th straight month that inflation for food at home was below inflation for food away from home, per JPMorgan analyst Ken Goldman. More than a third (34%) are holding off from splurging on large purchases, the results showed, and nearly half (45%) said they are seeking out the best deals. Some (28%) said they are shopping more at discount and big box stores. These shifts have already appeared in results for dollar store chains like Dollar General (DG) and Dollar Tree (DLTR), which have outperformed the broader retail chains as higher-income shoppers look to save money. Dollar General CEO Todd Vasos told investors the company saw the "highest percent of trade-in customers" in the first quarter than in the past four years. "We have seen increased trade-in activity from both middle- and higher-income customers," Vasos said. "These behaviors suggest that we are continuing to attract higher-income customers who are looking to maximize value while still shopping for items they want and need." Walmart's (WMT) US same-store sales also outpaced those of peers like Target (TGT) as consumers sought low-cost groceries, which make up the majority of Walmart's sales nationwide. Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Newsweek
02-07-2025
- Politics
- Newsweek
Three in Four Americans Concerned Iran Will Retaliate on US
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Americans' fears of Iran retaliating against the United States following a strike on nuclear facilities are palpable, as approximately three-quarters of poll respondents worry that the military airstrikes will elicit a response. Three in four Americans are either concerned (40 percent) or very concerned (35 percent) that Iran will further retaliate against the United States' airstrikes on three nuclear facilities in Iran, according to a poll released Tuesday. One in four was not very concerned (19 percent) or not concerned at all (6 percent). The national survey of 1,381 adults was conducted between June 23 and 25, by the Marist Poll in partnership with NPR and PBS News. The U.S. struck three of Iran's main nuclear sites on June 22. Tehran launched missile strikes on a U.S. military base in Qatar on June 23. Why It Matters The concerns cross partisan lines as the majority of Democrats (88 percent), Republicans (63 percent) and independents (74 percent) expressed some degree of worry. Lee Miringoff, director of the Marist University Institute for Public Opinion, told Newsweek via phone on Wednesday that any sort of agreement between Democrats and Republicans in today's hyper-partisan political climate should be viewed as "somewhat unexpected." What To Know Almost half of Americans (48 percent) surveyed consider Iran to be a "major threat" to U.S. security, with an additional 39 percent calling Iran a minor threat. Just 13 percent don't find Iran threatening at all. People protest against the U.S. and Israeli strikes on Iran, ICE immigration raids, and in support of Palestinians during a demonstration outside the Westwood Federal Building in the Westwood neighborhood of Los Angeles on June... People protest against the U.S. and Israeli strikes on Iran, ICE immigration raids, and in support of Palestinians during a demonstration outside the Westwood Federal Building in the Westwood neighborhood of Los Angeles on June 22, 2025. More BING GUAN/AFP via Getty Images "People are concerned about national security, concerned about retaliation, but there's some ambivalence on the airstrikes that that we did," Miringoff said. "There may be different reasons that different people are reacting that way. I'm thinking that Democrats might not follow Donald Trump eagerly, and his supporters are finding this goes against what they thought the second term wasn't about. "Instead of being focused very much on here and now in the United States, there's Ukraine, there's the Middle East, and there's Iran. There seems to be hot spots that Donald Trump, whether by choice or reluctantly, has gotten us very involved." However, party affiliation or lack thereof is more pronounced when respondents were asked whether they agreed with the military airstrikes on the three Iranian facilities. While Republican respondents overwhelmingly (84 percent) strongly agree or agree with the U.S. airstrikes, only 45 percent of independents and 23 percent of Democrats share the sentiment. Miringoff said the feelings espoused on attacking Iran in the first place is not too surprising when considering the politics of the moment. "The history between the U.S. and Iran is a long one and not a good one," he said. "On the one hand, it doesn't need too much convincing for Americans to think that these folks are definitely not in our corner. But on the other hand, how far are Trump people willing to stray from avoiding military conflict elsewhere or outside the United States? "It's less surprising that that that Democrats are finding this potential escalation to be of great concern." What People Are Saying Iranian Foreign Minister Abbas Araghchi said in interview with CBS News: "One cannot obliterate the technology and science for enrichment through bombings. If there is this will on our part, and the will exists in order to once again make progress in this industry, we will be able to expeditiously repair the damages and make up for the lost time." President Donald Trump told Fox News: "They didn't think it was going to be actually doable what we did. And what we did is was able to do damage but we did the final damage." What Happens Next While Trump and Israel say they have destroyed the key Iranian nuclear facilities, there remains an open question about what has happened to its stockpiles of highly enriched uranium. Iranian President Masoud Pezeshkian signed a law suspending his country's cooperation with the International Atomic Energy Agency (IAEA), the U.N.'s nuclear watchdog, state media outlet Tasnim has reported. Iran's parliament had voted to suspend cooperation previously. Iran could use the suspension of IAEA cooperation as leverage in future negotiations on its nuclear program, though no talks are currently due after Tehran rejected President Donald Trump's offer to restart diplomacy immediately on the issue.