Written by: Shawn Teigen
Seeing inflation at nearly 5% for April was not great. But had it been 2%, that could have been even worse for some Utahns. It is all about the math. Speaking of math, if you dine out, you have probably felt the increase in restaurant prices. This is in part because overall food prices are up by 20% since the pandemic began. I have certainly felt it. My family went out for a congratulatory lunch … Continued
Written by: Shawn Teigen
Written by: Christopher Collard
Written by: Shawn Teigen
Utah Foundation staff discuss the findings of our Misery Index, released in December as part of the 2022 Quality of Life Series. We also hear from Representative — and economist — Robert Spendlove and Dr. Steve Hanke, the creator of the index we used. Just what is making Utahns miserable and how miserable are they? Listen to find out.
Written by: Shawn Teigen
Written by: Peter Reichard
Written by: Peter Reichard
Written by: Erin Hernandez
The U.S. economy took a significant hit due to the pandemic and economic shutdown in 2020. Businesses let go of employees and reduced hours; the unemployment rate peaked in April 2020, reaching an astounding 14.4% in the U.S. and 9.7% in Utah. To stimulate the economy and aid households, the federal government introduced a variety of financial resources, including stimulus checks. Beginning in early 2021, the U.S. Census Bureau surveyed Americans nine times over a … Continued
Written by: Erin Hernandez
Four Mountain States ended the year atop the nation in personal income growth. Arizona and Montana experienced an increase of 7.1% in personal income, Utah ranked third in the country with a 6.9% increase, followed by Idaho with a 6.8% annual increase. One Mountain State – Wyoming – was at the very bottom of the nation, but still saw an increase (1.1%). Most of the personal income growth came from government transfers. However, Utah ranked … Continued
Written by: Christopher Collard