A hub for independent voices and hard truths
Social Security is the nation’s largest social insurance program, making payments to approximately 75 million Americans every month. Yet the program faces an imminent funding shortfall. Social Security’s trust fund for retirement benefits may run out in 2032, which could …
A recent report shows: Inflation‑adjusted starting salaries for new U.S. college graduates have fallen to about $54,500 This is the lowest level in at least six years Real wages for graduates have been declining as the entry‑level job market cools …
And there are people who think this is not enough. If only the government had more money to waste things would be better In the 76 day period between Trump winning and Biden leaving office $93 BILLION was sent from …
Some numbers never move. Not because they shouldn’t. Because Congress never bothered. The U.S. tax code is riddled with thresholds that were set decades ago and never indexed to inflation. They sit frozen in time while the cost of everything …
The Nasdaq 100, adjusted for M2, is now at its DotCom Bubble's level.https://t.co/BUtzqp0w9Y — Value Seeker (@ValueSeeker_) January 17, 2025
Retail sales were flat on a year-over-year, not seasonally adjusted basis. But sure, keep telling yourself that they were strong. https://t.co/Bk32ws1gam pic.twitter.com/599ZHgCNRB — Neely (@NeelyTamminga) October 17, 2024
Data source: Bolt and van Zanden – Maddison Project Database 2023 Note: This data is expressed in international-$ at 2011 prices. OurWorldInData.org/economic-growth | CC BY h/t ProfessorOfFinance
Gold may have hit an all-time high earlier this week but on an inflation adjusted basis it remains 20% below the 1980 peak pic.twitter.com/yKUScQ7laZ — Barchart (@Barchart) December 6, 2023 Poland bought 300t recently — Jan Nieuwenhuijs (@JanGold_) December 5, …
People make less money, and prices are rising everywhere. Housing prices are going crazy. 😢 Are we in a quiet recession already? So many people earn less and everything costs more. Inflation has eroded earnings dramatically in real terms. Meanwhile, …
via Mike Shedlock: BLS charts show interesting trends in real (inflation-adjusted) weekly earnings. Men are getting clobbered relative to women, but everyone is losing lately. Median real earnings from the BLS, inflation adjusted to the 1982-1984 CPI Index, chart by …
The IRS data showed that in 2021, New York State lost adjusted gross income worth $25 billion. Read more: https://t.co/RLnJmCQTDQ — unusual_whales (@unusual_whales) June 12, 2023 Lost of people from NY are heading to Florida
by Dismal-Jellyfish Source: https://www.federalreserve.gov/releases/g19/current/g19.pdf Remember, From 1st quarter 2022 to 1st quarter 2023, total household debt has increased $1,205 billion to $17.05 trillion (+7.57%)–Mortgage balances ($864 billion), HELOC ($22 billion), Student loans ($14 billion), Auto loans ($93 billion), Credit Card debt ($145 …
Guest Post from Wolf Richter at WolfStreet.com: Where does the money come from? They now out-earn inflation, they earn interest income, and they dipped into their assets whose prices ballooned over the years. Consumer spending, adjusted for inflation and for …
