Americans can’t afford Wal-Mart
Grocery prices across the US have increased due to inflation and supply chain issues. This isn’t unique to Walmart. Rib-Eye Steak is practically unaffordable! h/t BLOWED UP REAL GOOD
afford
US residents now need to make a staggering $120,000 a year to afford a home in 2024
Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home, one expert discusses. “I think most of us in America would define the middle class as somebody who can work a 40-hour-a-week career and can have the income to purchase the average home in America,” …
This map shows how much you have to earn to afford rent in every state
You may have heard that you shouldn’t spend more than one-third of your income on rent. In fact, some leasing offices will even check your pay stubs to make sure you’re not overextending yourself before you sign that lease. In theory, this is a great idea. But this formula falls into the “easier said than …
19 Things the Middle Class Won’t Be Able to Afford in 5 Years
You’ll own nothing and be happy If current financial trends continue, middle-class Americans may find things they used to afford unattainable. Over the next five years, housing, healthcare, and transportation could exceed the budget of average earners. Though this trend is troubling, there are things that can help, like solid financial planning and changes to …
US rents surge 1.5 times faster than incomes, millions struggle to afford housing
US rents have surged 1.5 times faster than household incomes in the past four years, with nationwide rents soaring by around 30% while average salaries only rose by 20%. This trend of rental cost increases outpacing wage growth is evident in all but six of the top 50 metropolitan areas, with cities like Tampa and …
If inflation is 3%, why do home buyers need to earn 80% more than they did in 2020 to afford a home in today’s market
https://finance.yahoo.com/news/homebuyers-need-to-earn-80-more-than-they-did-in-2020-to-afford-a-home-in-todays-market-090055980.html They can redefine recession, change how and what CPI numbers measure, but they can’t redefine prices without actually putting more buying power into wallets. At the end of the day, manipulating reported numbers is just covering up for a problem that will get worse the longer it is swept under a rug instead of …
Elderly worker forced to toil just to afford skyrocketing property taxes.
A 68-year-old American on Social Security shares their struggle with skyrocketing property taxes, which have risen from $895 to nearly $8,000 annually. Working tirelessly to cover these taxes, they express frustration at being unable to afford the home they’ve owned since 1995, highlighting the plight of many unable to afford to live in the places …
People are struggling to afford basic necessities
“We can’t afford car insurance anymore” “We can’t have affordable gas or food and water that isn’t completely poison” “We can’t put criminaIs behind bars” “We can’t solve or even begin to deal with the homelessness crisis” “We can’t close our borders but we can protect other country’s borders with our money” Make it make …
Middle Class Can’t Afford Homes In Nearly Half Of Top 100 US Metros (Mortgage Rates UP 168% Under Biden, Home Prices UP 32.5%)
by confoundedinterest17 Fed Chairs Ben Bernanke and Janet Yellen started the home price fire that Powell is trying to extinguish but can’t. Throw in a 10% burst in illegal immigration and Biden/Mayorkas just added fuel to an already out-of-control fire. Housing is becoming an exclusively upper-class privilege in a growing number of cities. According to a new …
Middle class can’t afford home in half of U.S. metros: Study
Housing is becoming an exclusively upper-class privilege in a growing number of cities. According to a new study by Creditnews Research, in 2024, middle-class households could afford to buy an average home in just 52 of the country’s 100 largest metros. Just five years earlier, they could afford a home in 91 of the top 100 metros. …
Even the Gen-Zers and Millennials Who WANT to Get Married and Start a Family Aren’t Doing so Because They Can’t Afford It
Signet Jewelers Ltd., the parent company of Kay Jewelers and Zales, had previously signaled to investors that there would be an upswing in US engagements this year as dating patterns returned to normal. But that forecast was downgraded on Wednesday as the jeweler warned that persistently high inflation and job market uncertainty have forced some …
Older Americans are struggling to afford food at an alarming rate
At a time when retirees should be enjoying leisure activities and travel, they’re instead grappling with putting food on the table. According to a new study featured in the Journal of the American Medicine Association (JAMA), food insecurity has greatly increased over the past 20 years for American families with adults over the age of …
Grocery prices have skyrocketed, making it difficult for people to afford essential food items.
This should never be happening in 1st world countries. #Bidenflation Grocery shopping in 2024 … 🔊 pic.twitter.com/A1K3CjxVqu — Wall Street Mav (@WallStreetMav) March 9, 2024 Bidenomics https://t.co/KafhDASVg6 — Shunya (@Shunyaa00) March 9, 2024 Do you get stressed out going to the grocery store these days? 🔊 pic.twitter.com/XJWGRR7VhM — Wall Street Mav (@WallStreetMav) March 9, 2024 …
US Housing: 99% Of Americans Cannot Afford To Buy a House in 2023
US Housing: 99% Of Americans Cannot Afford To Buy a House in 2023 The US housing is now beyond reach for the average American as prices have skyrocketed in the last four years. According to a new report, 99% of Americans cannot afford to buy a house anywhere in the country. This includes even smaller …
Bidenomics Housing Market: Average US Household Can Afford Only Cheapest 16% Of Listed Homes (WORST Housing Affordability In History!)
by confoundedinterest17 Bidenomics has cast a gloom over the housing market. Mortgage rates up 130% under Biden while housing prices have soared. For the average American, 2023 was the worst year ever for housing affordability—and now there’s more data to back it up. According to Redfin data analyzed by Creditnews Research, the average U.S. household …
Home prices rose 31%, making it tough for buyers to afford loans for the average-priced home.
It's true, if you need a loan to buy the avg priced home, you can't qualify for a loan to buy the home. Seems simple. $430,300Average home price in the United States: $430,300. The median home sales price is $431,000 as of the third quarter of 2023. That's a 31% increase from… — floridanow1 (@floridanow1) …
Americans need an extra $11,400 today just to afford the basics, according to analysis of government data
Mockingbird Assets are trying to convince hundreds of millions of Americans that the economy is fine and inflation is not that bad. The fact is that millions of Americans are struggling to put food on the table and support their families. While the struggle is real they still try to convince Americans they should support Ukraine and …
Economy so bad that folks are putting their dogs up for adoption if you could afford to adopt please do so.
Just talked with a man who works with a local animal shelter on the Florida Gulf coast He said they’re overcapacity 10-15 new dogs coming in each day Why? He said it’s b/c families are struggling in this economy If you’re looking for new dogs for Christmas, I hope you adopt pic.twitter.com/5ODRJYDIG3 — DC_Draino (@DC_Draino) …
Report: 28 States (Mostly Blue) Can’t Afford to Pay Their Bills
via headlineusa: In fiscal 2022, 28 states didn’t have enough revenue to pay all of their bills, according to the 14th annual Financial State of the States report, published by the Chicago-based nonprofit Truth in Accounting. The report provides a comprehensive analysis of the fiscal health of all 50 states based on the latest available data from states’ …
Australians need to earn $300,000 a year to afford their own home
Australians now need to earn over $300000 per year to comfortably afford to buy their own home, according to new housing data. Suburbtrends analysed over 22,000 property sales throughout October this year and found that median house prices were nine times the average annual income. The report used the internationally recognised ”median multiple” to rate …
‘In 2008 people couldn’t afford to stay in their house. Now people can’t afford to buy.’
The severity of the impact depends on individual circumstances and perspectives. In 2008, people faced the challenge of not being able to afford staying in their houses, often due to mortgage-related issues and foreclosures. In the current situation, the concern is about people being unable to afford buying a house, reflecting challenges related to housing …
The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford a median-priced home — To put things in perspective, the median household income is only $75,000.
by TonyLiberty The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford the median-priced home. To put things in perspective, the median household income is only $75,000. Homeownership is becoming increasingly out of reach for many Americans. If you’re looking to …
Janet Yellen: “We can afford two wars.” Bond Market: “No.”
Janet Yellen: “We can afford two wars.” Bond Market: “No.” pic.twitter.com/BuVQJXExVA — James Lavish (@jameslavish) October 21, 2023
Food Banks ‘Overrun’ As 1 in 6 Families Can’t Afford Food…
00:00 – Intro 01:47 – US Food Inflation Squeeze 03:52 – ‘In 1906’ – 9 Meals Away From CHAOS 05:07 – SHOCKING Number On SNAP Benefits 06:51 – The USA Wealth Divide Is Apparent 08:27 – How Bad Will it Get!? 11:22 – Less Help, Bigger Issue 13:07 – 1 in 25 Needs EMERGENCY Food! …
Simply Unaffordable! Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home, UP 30% Under Biden (About $40,000 More Than the Typical American Household Earns) Mortgage Market Is Addicted To Gov!
by confoundedinterest17 Housing in the US is simply unaffordable! Under Bidenomics, home prices are up 30% while real weekly earnings growth has been negative for most of Biden’s Presidency. And mortgage rates are up 178% under Bidenomics. Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for …
Americans can’t afford homes, Investors aren’t buying, Economists see little relief ahead, and housing affordability is at a 40-year low
by TonyLiberty The housing market is in a difficult state, with low inventory, high mortgage rates, and high prices making it difficult for buyers to afford homes. Despite aggressive interest rate hikes by the Federal Reserve, home prices have remained high. First-time homebuyers are having difficulty competing with investors, who are able to make all-cash offers …
JPMORGAN predicts a higher likelihood of a crisis in the next 6-12 months… BI: Americans can’t afford homes, investors aren’t buying property, and economists see little relief ahead.
JPMORGAN: “.. there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than [markets] anticipate. Risks of an interest rate shock .. are clear: consumer credit .. funding of startups .. impact on employment ..” [Kolanovic] pic.twitter.com/PvXkzsZA2Z — Carl Quintanilla (@carlquintanilla) September …
‘The era of free money, cheap debt & growth at any cost is over’…. ‘People are fighting inflation with debt they can’t afford’
Like houses, many people are locked-in to low auto loan rates. However, homes last much longer than cars do. As people sell cars bought over the last ~4 years, they are entering a much higher rate environment. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 3, 2023 …