Blog tagged as Economic health

Personal income is on the rise and projected to be nearly 30% higher by 2025, but inflation will reduce actual growth to near nothing, according to projections by Gabriel Ehrlich and Daniil Manaenkov during Friday’s Consensus Revenue Estimating Conference.

(Source: MIRS.news, Published 01/03/2023) Gas prices in Michigan are going up as 2023 bursts onto the scene and those prices aren’t expected to slow down, according to a petroleum forecast by GasBuddy.

(Source: MIRS.news, Published 12/06/22) Workforce is the No. 1 issue for legislatures countrywide, but in Michigan, reproductive health will also be a focal point, according to the National Conference of State Legislatures.

A recession is coming in 2023, according to a forecast University of Michigan Research Seminar in Quantitative Economics, or RSQE, released today at their 70th annual two-day conference.

A refundable state child tax credit of $3,500, with an extra 20% for kids under six, could cut Michigan’s child poverty rate by half, according to a joint report