The bottom line

Mayweather's millions; A generation of renters?; Crazy for fried chicken; Median income falls; Inflation remains low; Divvying up Madoff's billions

Mayweather's millions

Floyd “Money” Mayweather’s earnings in last week’s much-hyped fight against Saul “Canelo” Alvarez: $41,500,000 in total, $3,458,333 per round, $1,152,778 per minute, and $19,213 per second.

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

A generation of renters?

Since the recession, Millennials have steered clear of homeownership more than any other age group. From 2006 through 2011, the number of 25- to 34-year-old renters grew by more than 1 million, while the number who owned homes fell by nearly 1.4 million.

USA Today

Crazy for fried chicken

A fried chicken craze has hit South Korea, with 36,000 chicken restaurants now open there—a threefold increase since 2003. An estimated 7,400 new fried chicken restaurants launch every year, while 5,000 go bankrupt.

The Wall Street Journal

Median income falls

The median income for American households was $51,017 in 2012, according to the U.S. Census Bureau—down 8.3 percent from 2007.

Qz.com

Inflation remains low

The Consumer Price Index rose 0.1 percent last month, thanks largely to gains in rents and medical care. Prescription drugs posted their largest increase since July 2007, spurring overall medical care costs up 0.6 percent. Lower-than-expected inflation could make the Fed more willing to reduce its bond-buying program.

Reuters.com

Divvying up Madoff's billions

Some $2.35 billion in forfeited assets of Bernard Madoff’s Ponzi scheme are still in limbo. Distribution has been delayed because the government-appointed administrator is “having trouble distinguishing Madoff ‘victims’ from ‘customers.’”

CNN.com

Explore More