A report from the Federal Reserve Bank of St. Louis finds that younger families experienced significant gains in median wealth in 2022. In older millennials, it was 37% above expectations, while younger millennials and older Gen Z-ers was 39% above expectations....
What do significant gains in financial wealth look like to you? It turns out that Millennials and older Gen Z-ers made a lot of money in 2022, according to a recent report from the Federal Reserve Bank of St. Louis. Lowell Ricketts and Ana Hernandez Kent talk to...
How does the St. Louis region fare as compared to regional economic growth across the U.S.? Charles Gascon, an economist at the Federal Reserve Bank of St. Louis, found that Midwestern cities have struggled to retain their population due to a decline in manufacturing....
A St. Louis Federal Reserve economist said business startups create many jobs, but they often don’t last. Charles Gascon said a majority of jobs created from 2020 to 2021 are from startups or brand new, companies. With that said, Gascon said the net job creation for...
