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President Trump promised to lower costs on day one. Ten months into his second term, his administration now says America’s affordability crisis is a 2026 problem.
“In the next year, a total of 37 millionaires left,” said Lindsay Owens, executive director of the Groundwork Collaborative, a progressive think tank, speaking to USA TODAY earlier this year. “But in that very same year, the millionaire population of New Jersey increased by more than 3,000 individuals.”
But Elizabeth Pancotti at Groundwork Collaborative said you can get a decent sense of what’s happening by looking at a bunch of different data points from different companies. “Taking all of that together, I see a very stalled labor market,” she said. “But we are not seeing massive red flashing signs on the labor market yet.”
"Some will have to go to skimpier plans," she noted in a recent conference call organized by left-leaning economic advocacy group Groundwork Collaborative to discuss the ACA premium tax credit expiration. "Deductibles are going up as well ... [consumers] will be heading into next year with bigger out-of-pocket expenses."
That spike is showing up on store shelves. Variety packs from Hershey — maker of Reese’s, KitKats and Heath bars — are up about 22%, while Mars, the company behind M&M’s and Milky Way, raised prices about 12%, according to the Century Foundation, a progressive, independent think tank, and the Groundwork Collaborative.
It may be Halloween, but families have been feeling relentless price frights since Inauguration Day.
Candy prices are estimated to increase by 10.8% this year, according to new analysis from progressive groups the Century Foundation and the Groundwork Collaborative, with some popular chocolate-based treats seeing price upticks of at least 20%.
Today, the Federal Reserve cut the federal funds rate by 25 basis points to a target range of 3.75% to 4%.
Groundwork Collaborative found candy is 10.8 percent more expensive this Halloween season compared to last year, according to an analysis of NielsenIQ data first reported by CNN.
This month, new data revealed 47% of voters believe Democrats would do a better job of keeping the country prosperous, up 3 points from 2024, while 43% think the Republicans would do a better job, down 7 points. This is the largest Democratic advantage since 2012.