Business and Economic News

The housing shortage is significant. It's acute for small, entry-level homes
The American dream of owning a small home with a backyard is being put on hold. In 1982, 40 percent of houses built were entry-level homes. By 2019, the annual share had fallen to 7 percent.
You may have gotten shortchanged by $125 on that COVID rebate for your car
Auto insurers returned some premium payments to drivers last year when driving slowed at the start of the COVID-19 pandemic. But consumer groups say policyholders should have received a larger rebate.
A new report says the COVID recession has pushed Social Security insolvency up a year
The new projections in the annual Social Security and Medicare trustees reports indicate that the program will be unable to pay full benefits in 2034. Last year's estimated exhaustion date was 2035.
Drought drives good grape year in Minnesota
The drought has challenged many in Minnesota. But for grape growers, it’s the silver lining to a difficult 18 months.