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You don't need a membership to shop killer sales at Madewell, Ulta Beauty and more.

The Jews put more cash into AIPAC than they'd ever pay in taxes, he proclaimed, albeit without using the words "money-grubbing."

These mothers claim they use cannabis as a form of “self-care.” What a load of narcissistic hooey.

The Post's Brian Lewis predicts what the Nets might do with the Nos. 6 and 28 picks in the 2026 NBA Draft.

A deal so good, we can't wrap our heads around it.

A swollen lip was the first sign of a life-threatening reaction to a medication she'd been on for 10 years.

Save big on wellness

The US pilot who was rescued after his plane was shot down in Iran chillingly recalled being swarmed by Iranian drones who moved together in unison in a jellyfish-like formation, according to a report.

The “soul of Soho,” as Ken Burns put it, is here to stay.

The “soul of Soho,” as Ken Burns put it, is here to stay.

She's put plenty of products to the test — but this select group has earned rave reviews.

She's put plenty of products to the test — but this select group has earned rave reviews.

The Post's Stefan Bondy predicts what the Knicks might do at No. 24 in the 2026 NBA Draft.

These three letters – I, P and O – excite emotions like few others in finance.

Ex-JPMorgan banker Chirayu Rana wants to withdraw his explosive "sex slave" lawsuit against the bank and a female supervisor — but the bank is now fighting to stop Rana from unceremoniously dropping his claims.

Piper Sandler's Top Economist Sees "Big Bounce" In Consumer Sentiment As Gas Prices Tumble

Building on last week's theme of "early signs of a turn in U.S. consumer discretionary," Piper Sandler analysts note that the sharp decline in gasoline prices at the pump is beginning to lift consumer sentiment, particularly among lower-income households. Their proprietary daily confidence data suggest the rebound is still in the early innings, but the direction is clear: cheaper gas is easing pressure on working-class folks.

Piper Sandler's chief global economist and head of the firm's economics research team, Nancy Lazar, provided clients with three of the most important consumer conclusions of the week as the national average for gas at the pump tumbled due to easing tensions in the Middle East:

1. The steep rollover in gasoline prices triggered a big bounce in PSC’s Daily Confidence Survey last week, with low-end consumers particularly more cheerful.

2. With all daily survey components improving, the observed retail sales aggregate has hooked up.

3. Higher prices weighed on consumers last quarter, according to Kroger & La-ZBoy.

Lazar's note, titled "The Gasoline Down-Confidence Up Two-Step," says that cheaper pump prices are now producing consumer tailwinds amid a still-healthy labor market.

She shows that Piper Sandler's proprietary high-frequency gauge of U.S. consumer sentiment, conducted by Rasmussen Reports, "appears to have bottomed, mirroring the sharp rollover in gasoline prices – adding to economic tailwinds from refunds and healthy labor."

"The impact of easing pump prices is clear in both confidence and consumption," Lazar continued in the note.

In markets, she pointed out, "The Russell 2000 and XRT retailing ETF certainly act as if the bottom is in for confidence."

More consumer sentiment data from Piper's internal sources show improvement:

The rebound in sentiment could help drive consumers back into retail stores and support spending on experiences...

Great news for the Trump administration, with 136 days until the midterm elections this fall. 

Professional subscribers can read more consumer notes at our new Marketdesk.ai portal.

Tyler Durden Tue, 06/23/2026 - 05:45

You get a deal, you get a deal — everybody gets a deal!

You get a deal, you get a deal — everybody gets a deal!

An expectant Sydney mum has gone viral after she aired her disappointment in her long-anticipated baby shower, with thousands weighing in.

These Are The Countries Where $1,000 Takes The Longest To Earn

How long would you need to work to earn $1,000? In Colombia, the answer is roughly 86 hours. In Luxembourg and Iceland, it’s just 16.

Using data from the OECD on average annual wages and Our World in Data’s figures for annual working hours, Visual Capitalist's Srijaa Chatterjee created this visualization ranking countries by how long it takes the average worker to earn $1,000.

The figures are expressed in purchasing power parity (PPP)-adjusted dollars, which account for differences in local price levels and make incomes more comparable across countries. Taxes are not included.

How Many Hours of Work Earn $1,000?

Workers in the lowest-ranked countries need more than five times as many hours to earn $1,000 as workers in the highest-ranked countries. The gap ranges from 16 hours in Luxembourg and Iceland to 86 hours in Colombia.

The data table below shows the number of hours worked per $1,000 earned by country in purchasing power parity-adjusted dollars:

Rank Country Hours Worked per $1,000 Earned 1 🇨🇴 Colombia 86 2 🇲🇽 Mexico 78 3 🇬🇷 Greece 60 4 🇨🇷 Costa Rica 53 5 🇭🇺 Hungary 51 6 🇨🇱 Chile 51 7 🇨🇿 Czechia 48 8 🇸🇰 Slovakia 47 9 🇵🇹 Portugal 45 10 🇵🇱 Poland 43 11 🇪🇪 Estonia 42 12 🇱🇻 Latvia 38 13 🇰🇷 South Korea 38 14 🇹🇷 Turkey 37 15 🇮🇱 Israel 34 16 🇮🇹 Italy 34 17 🇯🇵 Japan 34 18 🇱🇹 Lithuania 33 19 🇪🇸 Spain 30 20 🇳🇿 New Zealand 28 21 🇮🇪 Ireland 27 22 🇸🇮 Slovenia 27 23 🇫🇮 Finland 25 24 🇨🇦 Canada 25 25 🇫🇷 France 25 26 🇬🇧 United Kingdom 24 27 🇸🇪 Sweden 24 28 🇦🇺 Australia 23 29 🇺🇸 United States 22 30 🇧🇪 Belgium 21 31 🇩🇪 Germany 20 32 🇦🇹 Austria 20 33 🇩🇰 Denmark 19 34 🇳🇱 Netherlands 19 35 🇳🇴 Norway 19 36 🇨🇭 Switzerland 18 37 🇮🇸 Iceland 16 38 🇱🇺 Luxembourg 16

Europe dominates the top of the ranking. Luxembourg, Iceland, Switzerland, Norway, Denmark, and the Netherlands all require fewer than 20 hours of work to earn $1,000.

For comparison, the average American worker needs about 22 hours to earn $1,000, placing the U.S. among the stronger earners but still behind multiple European economies.

Latin America Earns Less While Working More

Colombia and Mexico sit at the bottom of the ranking, requiring 86 and 78 hours of work, respectively, to earn $1,000. Both figures are more than triple the U.S. level and more than four times higher than Luxembourg’s.

While workers in these countries often log similar or even greater annual hours than workers in richer economies, average wages remain substantially lower.

Research highlighted by Our World in Data finds that workers in lower-income countries tend to work longer hours while generating less income per hour worked. Economists point to lower productivity levels, a larger informal sector, reduced access to capital, and weaker wage growth as contributing factors.

Nordic Countries and Luxembourg Stand Out

At the other end of the spectrum are Luxembourg and the Nordic economies. Denmark, Norway, Iceland, and Finland combine relatively high wages with advanced, high-productivity economies.

Analysis from the Becker Friedman Institute and CEPR highlights how strong labor-market institutions, high workforce participation, and substantial investments in education contribute to both high wages and relatively compressed income distributions.

Luxembourg benefits from an especially high concentration of financial and professional services jobs, helping support some of the highest average wage levels in the world.

Why Purchasing Power Matters

The analysis uses purchasing power parity (PPP), which adjusts wages to reflect differences in local price levels. PPP adjustments allow economists to compare what incomes can actually buy in a specific country rather than relying solely on market exchange rates.

Without PPP adjustments, workers in lower-cost countries could appear poorer than they actually are, and vice versa.

Want to explore wage differences across Europe? Check out Mapped: Average Full-Time Salary in Europe by Country on the Voronoi app.

Tyler Durden Tue, 06/23/2026 - 04:15