All articles tagged with #households
Rising fuel costs around the world are lifting living expenses and fueling economic concerns, impacting transportation and energy use while pressuring household budgets and prompting policy responses to stabilize markets.
A NY Fed study finds tariffs enacted in 2025 raised the average tariff to 13% and that roughly 90% of the higher costs are paid by U.S. firms and consumers, as exporters kept prices steady and passed tariffs through to buyers. Other analyses (Kiel Institute, NBER) report near-100% pass-through to import prices; Tax Foundation estimates a typical household paid about $1,000 in 2025 and $1,300 in 2026, with an effective tariff rate of 9.9%—the highest since 1946—suggesting limited net benefits from the tariff policy.
Eligible households in Michigan will receive $550 checks as part of a $1 billion tax cut plan signed into law by Governor Gretchen Whitmer. The Lowering MI Costs Plan includes rolling back the retirement tax and increasing the Working Families Tax Credit. The checks will be mailed on a rolling basis to qualified families who filed their 2022 tax return, providing financial relief and support for bills, food, and school supplies.
Households and hedge funds are increasingly investing in the Treasury market as yields on short-term bills and longer-dated bonds rise. The Federal Reserve's interest rate hikes have attracted both individual investors and hedge funds, leading to a surge in their share of Treasury purchases. Despite the bond selloff, households have bought around $1.5 trillion of Treasury debt, with an estimated 3.6 million new accounts opened on TreasuryDirect last year. Meanwhile, the Federal Reserve's share of the Treasury market has decreased as it raised interest rates and reduced its balance sheet.