Bank of America Institute
PulseAugur coverage of Bank of America Institute — every cluster mentioning Bank of America Institute across labs, papers, and developer communities, ranked by signal.
3 day(s) with sentiment data
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Funflation drives Americans to spend more on at-home hobbies
Americans are increasingly spending more on at-home hobbies and entertainment due to rising costs associated with going out, a phenomenon dubbed "funflation." Spending on hobbies saw a significant year-over-year increas…
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AI suppresses hiring for young workers in codifiable jobs
A new analysis suggests that AI is impacting the job market by suppressing hiring in codifiable, white-collar roles, particularly affecting younger workers. While overall employment shows no broad displacement, economis…
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Gen Z views sports betting as investment, driving market growth
New research from the Bank of America Institute indicates a growing trend of Americans, particularly Gen Z, viewing sports betting as a form of investment. Despite recovering less than 75 cents on the dollar, younger ge…
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US stock market valuation hits record high, fueled by AI, warns strategist
A top JPMorgan strategist has warned that the U.S. stock market's valuation, measured by the equity-to-GDP ratio, has reached an unprecedented level, exceeding 400% and significantly surpassing historical peaks like the…
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Gen Z prioritizes 'little treats' over experiences amid financial constraints
Gen Z's spending habits reveal a generation prioritizing small, reliable purchases over experiences due to a lack of savings. A Bank of America Institute report indicates Gen Z's median savings-to-spending ratio is belo…
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K-shaped economic divide shows signs of narrowing
New evidence suggests the economic divide, often described as K-shaped, may be narrowing in certain aspects. Wage growth for lower-income workers has nearly matched that of higher-income counterparts, and spending growt…
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Costco CEO vows $1.50 hot dog price will remain unchanged
Costco's leadership has reaffirmed its commitment to maintaining the $1.50 price for its popular hot dog and soda combo, a price that has remained unchanged for four decades. This promise, emphasized by CEO Ron Vachris …
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Gen Z embraces AI for homebuying research, but still trusts realtors for closing
A recent study by the Bank of America Institute reveals that approximately one-third of Generation Z individuals are utilizing AI tools for their homebuying research. This indicates a significant generational shift in h…
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Labor market inversion: Job switchers see smaller pay gains than stayers
The labor market in 2026 shows a significant shift, with job switchers experiencing smaller wage gains compared to those who remain with their employers. This trend reverses the advice prevalent over the last decade, wh…
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Small business profits fall amid soaring gas prices and labor costs
Small business profits have declined significantly due to rising energy and labor costs, with profitability dropping 1.3% in April. This squeeze is attributed to increased gasoline prices, which have surged 43% year-ove…
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Iran war fuels K-shaped economy, hitting low-income Americans hardest at the pump
A new report from the Federal Reserve Bank of New York indicates that the recent surge in gas prices, exacerbated by the Iran war, has disproportionately impacted lower-income Americans. Despite reducing their gas consu…
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Stiglitz: AI risks widening inequality without government intervention
Nobel laureate economist Joseph Stiglitz warns that AI could significantly exacerbate economic inequality. He argues that AI enables companies to reduce labor costs, concentrate profits among owners of technology, and s…