Lake County Ohio Weal

  STATISTA: What Categories Have Been Hit Hardest by Inflation? by  Felix Richter,   Nov 15, 2024 Despite inflation cooling to the lowest level in more than three years in recent months, there's no way around the fact that consumer prices in the United States have risen sharply over the past three years, as several factors came together to form a perfect storm of inflationary pressures. Since February 2020, the last month before the Covid-19 pandemic disrupted the global economy, the Consumer Price Index for All Urban Consumers (CPI-U) has increased 21.7 percent. Assuming the Fed’s targeted 2-percent inflation rate, prices would only have increased by 9.7 percent during that period, illustrating how severe the recent inflation surge has been. More importantly though, prices are going to remain elevated even if inflation returns to its target level of 2 percent, meaning that the effects of the inflation crisis will linger. Not all prices are created equal, however, and while some e

  STATISTA: Soft Landing Completed? by  Felix Richter,   Nov 15, 2024 With U.S. GDP growing 2.8 percent in the third quarter, unemployment still remarkably low at around 4 percent and inflation falling towards the Fed’s 2-percent target in recent months, the U.S. economy is doing quite well on paper. In fact, it looks like the long-coveted “soft landing”, i.e. taming inflation without a drastic increase in unemployment or a full-blown recession, is almost completed . And yet, frustration with the economy, and high prices in particular, is one of the reasons why Donald Trump and Republicans won the election so emphatically. Speaking about the disconnect between the actual state of the economy and people’s perception of it, Fed chairman Jerome Powell recently acknowledged t he hardship many Americans are going through, saying that they have every right to feel the way they feel. “We say that the economy is performing well, and it is, but we also know that people are still feeling the eff

WEAL Weal has, since the dawn of English, referred to well-being. It’s most often used in the phrase “common weal” to refer to the general good—that is, to the happiness, health, and safety of everyone in a community or nation.  A closed form of this phrase, commonweal, has since the 14th century carried the same meaning, but it once also referred to an organized political entity, such as a nation or state. This job (among others) is now done by the word’s close relation, commonwealth.   At one time, weal and wealth were synonyms; both meant “riches” (as in “all their worldly weal”) and “well-being.” Both words stem from wela, the Old English word for “well-being,” and are closely related to the Old English word for “well.” Merriam-Webster: Weal 1 archaic : commonwealth 2 : the general welfare COMMONWEALTH 1 a nation, state, or other political unit: such as   a one founded on law and united by compact or tacit agreement for t

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  STATISTA: How Common Is It To Own a Dog? by Anna Fleck,  Oct 15, 2024 Data from a Statista Consumer Insights survey reveals that dog ownership varies greatly around the world. Where as many as seven in ten respondents said they had a dog as a pet in Mexico in a survey conducted between July 2023 and June 2024, under three in ten said the same in Sweden. In the United States, around half of respondents said they owned a dog. Americans were most likely to own a dog, followed by a cat (36 percent), a fish (7 percent), a reptile (4 percent) and a bird (4 percent). Only three percent of respondents said they owned a rodent, whether a rabbit, a hamster, guinea pig, mouse or rat. You will find more infographics at Statista STATISTA: Dogs vs. Cats by  Martin Armstrong, Dec 7, 2022 Looking at the internet, you'd probably come to the conclusion that the world's favorite pet is the cat. After all, the world wide web is full of cute and funny videos, gifs and memes of our feline compani

STATISTA: IMF Forecasts Study Global Growth in 2024, 2025   by  Anna Fleck,   Oct 23, 2024 Global growth is expected to remain “stable yet underwhelming” in 2024 and 2025, at a steady 3.2 percent, according to the International Monetary Fund (IMF) October World Economic Outlook, published Tuesday. As the following chart shows, India, China, Russia and the United States are forecast to see slower growth between 2024 and 2025. In Russia, this change is expected to be most pronounced, dropping 2.3 percentage points. Meanwhile, 2025 is forecast to be an improved year for growth in the United Kingdom, Japan and Germany. There have been several notable revisions since the July 2024 World Economic Outlook. For example, the U.S. has had an upwards revision to a forecasted growth of 2.8 percent in 2024, from the previously estimated 2.6 percent. In 2025, growth is expected to slow to 2.2 percent in the U.S. as fiscal policy is gradually tightened and a cooling labor market slows consumption.

  STATISTA: Younger Generations to Become Biggest Spenders in Africa Asia by  Katharina Buchholz,   Oct 22, 2024 In the year 2030, Millennials or even Gen Z members are expected to be contributing the largest share of consumer spending in many countries in Africa, Asia and also some in Latin America. This is according to a report by World Data lab, Nielsen and GfK. By 2030, Gen Z will be the biggest-spending generation in much of Sub-Saharan Africa, India and Pakistan as well as Indonesia, the Philippines, Mexico and Peru, among others. Millennials meanwhile will be the largest spenders, for example, in China, Russia, much of North Africa and the Middle East as well as South Africa, Australia, New Zealand and Chile. Six years down the line, Gen X will continue to contribute the largest part of consumer class spending in much of Europe, in the United States and Canada as well as in Brazil, Colombia, Thailand, South Korea and more. France and Japan are among the few countries where the

  STATISTA: Russia, U.S. Are High Per Capita Polluters by  Anna Fleck,   Oct 25, 2024 Of the world’s top emissions producers, Russia and the United States emit the highest per capita emissions. According to data from the UNEP’s Emissions Gap Report 2024, Russia produced 19 tons of carbon dioxide equivalent (tC02e) per person in 2023, closely followed by the U.S. with 18 tCO2e. China produced nearly half that at 11 tCO2e per capita. When looking at total emissions, then China was the biggest single-country emitter of GHGs in 2023 at 16,000 MtCO2e, accounting for 30 percent of global emissions. This is up 5.2 percent from 2022. The U.S. is the second biggest emitter at 5,970 MtCO2e in total, having accounted for 11 percent of the global total last year (-1.4 percent since 2022). India, in third place, accounted for eight percent of the global total at 4,410 MtCO2e (+6.1 percent from 2022). As this chart shows, GHG emissions across the G20 members increased by 1.8 percent between 2022 and

  STATISTA: The Key to Happiness by Anna Fleck,  Oct 18, 2024 In the United States, having a job or career that you enjoy is considered a key cornerstone for leading a fulfilling life. According to a survey by Pew Research Center, 71 percent of respondents said that having a job or career that they like is either extremely or very important to feeling satisfied with their lot.  The next most popular perceived element for a fulfilling life was having close friends, with 61 percent of respondents picking the option.  Having children, a lot of money or getting married were less highly rated. In the case of having children, 42 percent of respondents said it was not important, while 44 percent said marriage was not important. Women were slightly more likely than men to say that their job or career is important to achieving a feeling of fulfillment, at 74 percent compared to their counterparts’ 69 percent.  Men were slightly more likely to say having children (29 percent versus women’s 22 pe