Where High Earners Are Moving 

The number of high-earning American households continues to grow. And the migration of these high earners in or out of a state can have a significant effect on tax revenues and property values.

Click here for the results of a 2023 study from Smart Asset.

At the Other End of the Economic Spectrum… 

61% of Americans say they’re living paycheck to paycheck. That’s the same number as last year, despite cooling inflation. Click here.

Woof! 

Nestle will invest $3.5B over the next three years to expand its pet nutrition operation. Pet products are the company’s fastest growing product line. The same is true for Purina and Friskies. Apparently, as we Baby Boomers shuffle off the mortal coil, we want to spend our remaining bucks spoiling our house pets. Click here.

Jeepers! 

A scary revenue drop for Jeep just isn’t stopping. The brand has now seen eight straight quarters of falling sales. Five years ago, Jeep was sixth among US auto sales. Now, it’s in ninth place. Click here.

“Unfortunate but Not Surprising 

Alas, after 99 years of growth and profits, Yellow Corp. is shutting down and letting go about 30,000 workers. In 2020, it received a $700 million loan from the federal government, but that failed to do the trick. In the last quarterly report, the company was in the red to the tune of $700 million.