Tag Archives: Deflation

U.S. Gasoline Demand Drops to Lowest Level in 10 Years

Posted on January 19, 2012 by Edward Cheung

Oil declined for the fifth time in six days after U.S. gasoline consumption tumbled to the lowest level in 10 years and inventories rose. Crude fell after the Energy Department said gasoline use dropped to 8 million barrels a day … Continue reading →

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Only a third of people saving for retirement

Posted on June 24, 2011 by Edward Cheung

The median savings for households in which people are approaching retirement is £151,900. According to the ONS figures, a man with savings of £151,900 at the age of retirement would receive an annual income of just over £6,000 a year. … Continue reading →

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Forty-eight percent say that another Great Depression is likely to occur in the next year

Posted on June 12, 2011 by Edward Cheung

In a recent CNN poll, forty-eight percent say that another Great Depression is likely to occur in the next year – the highest that figure has ever reached. “The poll reminded respondents that during the Depression in the 1930s, roughly one … Continue reading →

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