In December 2024, a public opinion survey found that only *** percent of Americans felt that the economy was in an excellent state. Of the Americans surveyed, ** percent considered the economy to be in a poor state.

By April 2026, it is projected that there is a probability of ***** percent that the United States will fall into another economic recession. This reflects a significant decrease from the projection of the preceding month.

ABSTRACT The conventional view on the U.S. economy is that economic growth above “potential” is bad for bonds since it spells inflation. The purpose of this note is to show that following the Volker deflation (l980-82), the policy regime changed, and greater economic stability obtained.

CSI: Home Selling Conditions: Bad Time: Interest Rates High data was reported at 1.000 % in May 2018. This records a decrease from the previous number of 3.000 % for Apr 2018. CSI: Home Selling Conditions: Bad Time: Interest Rates High data is updated monthly, averaging 5.000 % from Nov 1992 (Median) to May 2018, with 307 observations. The data reached an all-time high of 19.000 % in Oct 2008 and a record low of 1.000 % in May 2018. CSI: Home Selling Conditions: Bad Time: Interest Rates High data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H036: Consumer Sentiment Index: Home Buying and Selling Conditions. The question was: Generally speaking, do you think now is a good time or a bad time to sell a house? Responses to the query 'Why do you say so?'

The Long Depression was, by a large margin, the longest-lasting recession in U.S. history. It began in the U.S. with the Panic of 1873, and lasted for over five years. This depression was the largest in a series of recessions at the turn of the 20th century, which proved to be a period of overall stagnation as the U.S. financial markets failed to keep pace with industrialization and changes in monetary policy. Great Depression The Great Depression, however, is widely considered to have been the most severe recession in U.S. history. Following the Wall Street Crash in 1929, the country's economy collapsed, wages fell and a quarter of the workforce was unemployed. It would take almost four years for recovery to begin. Additionally, U.S. expansion and integration in international markets allowed the depression to become a global event, which became a major catalyst in the build up to the Second World War. Decreasing severity When comparing recessions before and after the Great Depression, they have generally become shorter and less frequent over time. Only three recessions in the latter period have lasted more than one year. Additionally, while there were 12 recessions between 1880 and 1920, there were only six recessions between 1980 and 2020. The most severe recession in recent years was the financial crisis of 2007 (known as the Great Recession), where irresponsible lending policies and lack of government regulation allowed for a property bubble to develop and become detached from the economy over time, this eventually became untenable and the bubble burst. Although the causes of both the Great Depression and Great Recession were similar in many aspects, economists have been able to use historical evidence to try and predict, prevent, or limit the impact of future recessions.

CSI: Home Selling Conditions: Good Time: Prices are High data was reported at 39.000 % in May 2018. This records an increase from the previous number of 34.000 % for Apr 2018. CSI: Home Selling Conditions: Good Time: Prices are High data is updated monthly, averaging 14.000 % from Nov 1992 (Median) to May 2018, with 307 observations. The data reached an all-time high of 39.000 % in May 2018 and a record low of 0.000 % in Mar 2012. CSI: Home Selling Conditions: Good Time: Prices are High data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H036: Consumer Sentiment Index: Home Buying and Selling Conditions. The question was: Generally speaking, do you think now is a good time or a bad time to sell a house? Responses to the query 'Why do you say so?'

This data package includes the underlying data files to replicate the data and charts presented in Misconceptions about US trade deficits muddy the economic policy debate by Maurice Obstfeld, PIIE Policy Brief 24-7.

If you use the data, please cite as: Obstfeld, Maurice. 2024. Misconceptions about US trade deficits muddy the economic policy debate. PIIE Policy Brief 24-7. Washington, DC: Peterson Institute for International Economics.

In 2020, global gross domestic product declined by 6.7 percent as a result of the coronavirus (COVID-19) pandemic outbreak. In Latin America, overall GDP loss amounted to 8.5 percent.

CSI: Home Buying Conditions: Good Time to Buy data was reported at 69.000 % in May 2018. This records a decrease from the previous number of 71.000 % for Apr 2018. CSI: Home Buying Conditions: Good Time to Buy data is updated monthly, averaging 73.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 89.000 % in Dec 1998 and a record low of 15.000 % in Jul 1982. CSI: Home Buying Conditions: Good Time to Buy data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H036: Consumer Sentiment Index: Home Buying and Selling Conditions. The question was: Generally speaking, do you think now is a good time or a bad time to buy a house?

This study is part of a quadrennial series designed to investigate the opinions and attitudes of the general public on matters related to foreign policy, and to define the parameters of public opinion within which decision-makers must operate. This public opinion study of the United States focused on respondents' opinions of the United States leadership role in the world and the challenges the country faces internationally and is comprised of two parts, the July 2008 and the September 2008 surveys. In particular, the July 2008 survey covers United States foreign policy, globalization, trade and immigration, the rise of China, and the United States-Japan relationship. Regarding United States foreign policy, respondents were asked to give their views on whether the United States should take an active part in world affairs, threats to vital interests in the next ten years, foreign policy goals, treaties and agreements, the United Nations and the United Nations Security Council, conflict between Christians and Muslims, and combating terrorism. Additional questions included whether respondents favored the United States having military bases in other countries, their opinions about justifications for the use of United States troops abroad, the Iraq War, nuclear weapons and nuclear fuel, and participants' views on several countries and world organizations. Regarding globalization, trade, and immigration, respondents gave their opinions on whether globalization is good or bad for the United States, lowering trade barriers, the trade practices of various countries, the North American Free Trade Agreement (NAFTA), economic competitiveness of the United States economy, and the future of United States power and the next generation of Americans. In addition, on the topic of globalization and immigration, queries included the importance of Asia and Europe, the pace of globalization, fairness of income distribution, foreign investments in American companies, the level of legal immigration into the United States and whether or not immigration is good. Concerning the rise of China, respondents were asked to compare the size and potential of the United States and China economies and their implications, loans between the countries, how to deal with China's increase in power, and whether China or Japan is more important to the United States. On the subject of the United States-Japan relationship, participants gave their opinions regarding the amending of Japan's constitution to allow for a wider range of military activities, Japan's development of nuclear weapons, and what factors contribute to Japan's global influence. Part 2, the September 2008 survey, commissioned to gauge whether any substantial changes in attitudes occurred due to the financial crisis, repeated a subset of questions from the July 2008 survey and focused on respondents' attitudes toward trade and globalization. Demographic and other background information includes age, race, gender, marital status, religious affiliation, political party affiliation, employment status, education, household composition, type of housing, state of residence, and access to the Internet.

While most Americans appear to acknowledge the large gap between the rich and the poor in the U.S., it is not clear if the public is aware of recent changes in income inequality. Even though economic inequality has grown substantially in recent decades, studies have shown that the public's perception of growing income disparities has remained mostly unchanged since the 1980s. This research offers an alternative approach to evaluating how public perceptions of inequality are developed. Centrally, it conceptualizes the public's response to growing economic disparities by applying theories of macro-political behavior and place-based contextual effects to the formation of aggregate perceptions about income inequality. It is argued that most of the public relies on basic information about the economy to form attitudes about inequality and that geographic context---in this case, the American states---plays a role in how views of income disparities are produced. A new measure of state perceptions of growing economic inequality over a 25-year period is used to examine whether the public is responsive to objective changes in economic inequality. Time-series cross-sectional analyses suggest that the public's perceptions of growing inequality are largely influenced by objective state economic indicators and state political ideology. This research has implications for how knowledgeable the public is of disparities between the rich and the poor, whether state context influences attitudes about inequality, and what role the public will have in determining how expanding income differences are addressed through government policy.

CSI: Home Buying Conditions: Good Time: Prices Low data was reported at 14.000 % in May 2018. This records a decrease from the previous number of 15.000 % for Apr 2018. CSI: Home Buying Conditions: Good Time: Prices Low data is updated monthly, averaging 21.000 % from Feb 1978 (Median) to May 2018, with 467 observations. The data reached an all-time high of 74.000 % in May 2009 and a record low of 2.000 % in May 1979. CSI: Home Buying Conditions: Good Time: Prices Low data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H036: Consumer Sentiment Index: Home Buying and Selling Conditions. The question was: Generally speaking, do you think now is a good time or a bad time to buy a house? Responses to the query 'Why do you say so?'

In December 2024, 11 percent of survey respondents said that the most important problem facing the United States was the high cost of living and inflation. Another 20percent said that the government and poor leadership was the most serious concern for the nation.

CSI: Home Buying Conditions: Good Time: Rising Interest Rates data was reported at 13.000 % in May 2018. This records a decrease from the previous number of 16.000 % for Apr 2018. CSI: Home Buying Conditions: Good Time: Rising Interest Rates data is updated monthly, averaging 6.000 % from Feb 1978 (Median) to May 2018, with 467 observations. The data reached an all-time high of 26.000 % in Dec 1994 and a record low of 0.000 % in Nov 2012. CSI: Home Buying Conditions: Good Time: Rising Interest Rates data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H036: Consumer Sentiment Index: Home Buying and Selling Conditions. The question was: Generally speaking, do you think now is a good time or a bad time to buy a house? Responses to the query 'Why do you say so?'

United States - Corporate profits: Total receipts less total deductions, IRS: Bad debt expense was 126.89000 Bil. of $ in January of 2021, according to the United States Federal Reserve. Historically, United States - Corporate profits: Total receipts less total deductions, IRS: Bad debt expense reached a record high of 379.38200 in January of 2009 and a record low of 0.27700 in January of 1945. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Corporate profits: Total receipts less total deductions, IRS: Bad debt expense - last updated from the United States Federal Reserve on July of 2025.

United States CCI: Present Situation: sa: Business Conditions: Bad data was reported at 16.100 % in Apr 2025. This records a decrease from the previous number of 16.500 % for Mar 2025. United States CCI: Present Situation: sa: Business Conditions: Bad data is updated monthly, averaging 19.600 % from Feb 1967 (Median) to Apr 2025, with 637 observations. The data reached an all-time high of 57.000 % in Dec 1982 and a record low of 6.000 % in Dec 1968. United States CCI: Present Situation: sa: Business Conditions: Bad data remains active status in CEIC and is reported by The Conference Board. The data is categorized under Global Database’s United States – Table US.H049: Consumer Confidence Index. [COVID-19-IMPACT]

United States - Constant GDP per capita for Heavily Indebted Poor Countries was 991.33967 2010 U.S. $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Constant GDP per capita for Heavily Indebted Poor Countries reached a record high of 1000.84027 in January of 2019 and a record low of 617.09752 in January of 1994. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Constant GDP per capita for Heavily Indebted Poor Countries - last updated from the United States Federal Reserve on June of 2025.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Bad Axe: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 80(5.86%) households where the householder is under 25 years old, 407(29.82%) households with a householder aged between 25 and 44 years, 447(32.75%) households with a householder aged between 45 and 64 years, and 431(31.58%) households where the householder is over 65 years old.
• The age group of 25 to 44 years exhibits the highest median household income, while the largest number of households falls within the 45 to 64 years bracket. This distribution hints at economic disparities within the city of Bad Axe, showcasing varying income levels among different age demographics.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Bad Axe median household income by age. You can refer the same here

In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

United States - Gross Domestic Product for Heavily Indebted Poor Countries was 1129946910802.31008 Current $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Gross Domestic Product for Heavily Indebted Poor Countries reached a record high of 1129946910802.31008 in January of 2023 and a record low of 17413068781.30680 in January of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Gross Domestic Product for Heavily Indebted Poor Countries - last updated from the United States Federal Reserve on June of 2025.