BIDEN'S TREASURY SEC. YELLEN: "Americans are seeing the costs of some goods that are important to them, like rent, having increased…" pic.twitter.com/rGxk7bFxw7
— Breaking911 (@Breaking911) March 13, 2024
US Treasury Secretary Yellen: it seems unlikely that interest rates will return to levels as low as before the covid-19 pandemic.
— unusual_whales (@unusual_whales) March 13, 2024
Enough is enough! As if skyrocketing prices weren’t already squeezing us dry, now Treasury Secretary Yellen has the audacity to tell us interest rates won’t return to pre-pandemic levels? What a slap in the face to hardworking Americans!
With hardship withdrawals from 401k accounts hitting record highs, it’s clear that people are desperate. One in seven Americans now has a loan against their retirement savings, just to keep their heads above water. And guess what’s driving them to this desperate measure? Medical bills and looming foreclosures!
Meanwhile, household debt is soaring, credit card interest rates are sky-high, and what’s the solution? Dollar Tree closing down hundreds of Family Dollar stores. When even the discount stores are struggling, you know things are dire.
It’s time for our leaders to wake up and realize the havoc their policies are wreaking on ordinary citizens. We can’t keep paying the price for their incompetence and indifference.
Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.
1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.
With household debt also… pic.twitter.com/oSqZLDEBNG
— Peter St Onge, Ph.D. (@profstonge) March 12, 2024
twitter.com/Breaking911/status/1767980998183051343
www.foxbusiness.com/lifestyle/dollar-tree-to-close-nearly-1k-stores
Income Required to Afford a Home, by City:
1. San Jose, CA: $454,296
2. San Francisco, CA: $339,864
3. Los Angeles, CA: $279,250
4. San Diego, CA: $273,613
5. Seattle, WA: $213,984
6. New York, NY: $213,615
7. Boston, MA: $205,253
8. Riverside, CA: $173,375
9. Denver, CO:…— The Kobeissi Letter (@KobeissiLetter) March 13, 2024