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EconomyU.S. Economy Grew 3.4% in Q3, But Inflation Erased Most Household GainsInflationSeptember Inflation Jumped to 3.7%, Squeezing Household Budgets Before the HolidaysPersonal FinanceFed Report: Share of U.S. Families With Overwhelming Debt Loads Jumped to 8.6%Retirement2027 401(k) Limit Projected to Rise $1,000 to $25,500 When IRS Announces Next MonthDebtCredit Card APRs Holding Near 25% With No Rate Relief Expected Before DecemberEconomyU.S. Economy Grew 3.4% in Q3, But Inflation Erased Most Household GainsInflationSeptember Inflation Jumped to 3.7%, Squeezing Household Budgets Before the HolidaysPersonal FinanceFed Report: Share of U.S. Families With Overwhelming Debt Loads Jumped to 8.6%Retirement2027 401(k) Limit Projected to Rise $1,000 to $25,500 When IRS Announces Next MonthDebtCredit Card APRs Holding Near 25% With No Rate Relief Expected Before December
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Today’s Lead Story
Friday, October 30

Economy

U.S. Economy Grew 3.4% in Q3, But Inflation Erased Most Household Gains

via PBS NewsHour

The Bureau of Economic Analysis reported that U.S. GDP expanded at a 3.4% annualized rate in the third quarter, driven by strong consumer spending and a surge in AI-related business investment. September data revealed that price increases absorbed nearly all nominal spending gains, leaving real household purchasing power essentially flat.

Why it matters

A strong headline growth number can hide a tighter squeeze on household budgets when inflation is consuming most of each extra dollar spent.

See all today’s storiesRead source

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