Independent thinking for complex markets and current events
According to recent surveys, approximately 36% of Americans earning at least $250,000 a year claim that they are living paycheck to paycheck. This finding highlights how rising inflation is impacting households across the spectrum throughout the country. However, it’s essential to consider the nuances: some high earners may allocate disposable income toward …
The burden of debt on American households has reached staggering levels. As of 2024, U.S. households carry a colossal debt load of 17 trillion dollars. This debt bubble continues to expand, fueled by factors such as rising interest rates and inflation. Let’s delve into some key points: Household Debt Surge: …
According to a recent Wall Street Journal/NORC poll, a majority of Americans believe that their children’s lives may be worse than their own. In the survey, 78% of respondents expressed that they “do not feel confident” their children will be better off. This sentiment reflects a growing pessimism about the future, particularly concerning economic …
It’s an election year. Donald Trump and other Republican Party leaders have refused to commit to accepting November’s results. Trump has referred to those who stormed the Capitol on Jan. 6 as “warriors.” There is growing concern that this year’s elections could lead to — or even be decided by …
America First Legal on Thursday released new documents that reveal the Department of Homeland Security was proposing policies to encourage ordinary Americans to snitch on their neighbors. The DHS intel group also included a plan to reclassify political dissent under the guise of “public health” so that ordinary Americans like …
The impact of inflation has been particularly challenging for middle-class Americans. As prices surged, their income growth failed to keep pace, resulting in a strain on their ability to maintain their desired lifestyle. In fact, 72% of middle-income families now report that their earnings are falling behind the cost of living, up …
67% of middle-class Americans express concern that their income isn’t keeping pace with the rising cost of living. This situation has led to what JPMorgan analyst Matthew Boss calls a “selective recession.” While upper-income consumers fare better, lower-income Americans are struggling to make ends meet due to elevated prices and dwindling savings. The …
Amid rising financial pressures, a recent LendingTree study reveals that over 18 million Americans are living in homes that strain their budgets, highlighting a growing crisis of being house poor in high-cost states like California, Hawaii, and New York. House Poor Americans: A recent study by LendingTree revealed that more …
by Michael The Social Security program was instituted to help elderly Americans thrive during their retirement years. Unfortunately, millions upon millions of retired Americans are finding that their monthly Social Security payments are simply not enough as the cost of living spirals out of control. One recent survey found that …
The rate of price increases for food has subsided in recent months, according to the latest government inflation data. However, shoppers still report feeling burdened by the prices they’re seeing in the grocery store aisles. To that point, within the past few years, 80% of Americans say they’ve felt a …
IRS moves to end another major tax loophole and raise $50 billion in the process as they zero in on one group of Americans – here is who they are targeting The IRS has set its sights on what it says is $50 billion of missing tax revenue lost to …
Over 75 million people in the United States are currently under extreme heat alerts as a heat wave sweeps across the country. The mid-Atlantic and New England regions are likely to experience highs in the 90s, with excessive humidity making it feel even more oppressive. This situation underscores the importance of staying indoors, staying …
In a landmark decision, the 5th Circuit Court has delivered a damning verdict: the Biden administration, the FBI, and the CDC have all flagrantly violated the First Amendment by colluding with Big Tech to censor Americans. This unprecedented ruling unveils a dark chapter of governmental overreach and the erosion of …
President Joe Biden’s aggressive climate regulations targeting fossil-fuel-fired power plants will create widespread electric grid instability and lead to mass blackouts impacting millions of Americans, according to a recent study commissioned by North Dakota’s state government. The research, conducted in May by the firm Always On Energy Research, concluded that …
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the bank’s William McChesney Martin building on May 01, 2024 in Washington, DC. The Federal Reserve is likely to hold interest rates steady in its next decision on Wednesday. It follows a …
In US BLS numbers for Q3 (published end April) should have been the wake-up call, but everyone still asleep at the wheel. 190k jobs destroyed over Q3 (600 k creations were expected from nfp surveys). Talking about hard data… — Manu (@SolalM) June 11, 2024 Global labor market slowdown is …
Endless spending and low interest rates resulted in 40-year high inflation. Now, over half of American adults believe we are in a recession. Even with endless deficit spending, consumer sentiment is horrible. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) June 10, 2024 …
Many Americans still aren’t sold on going electric for their next car purchase. High prices and a lack of easy-to-find charging stations are major sticking points, a new poll shows. About 4 in 10 U.S. adults say they would be at least somewhat likely to buy an EV the next …
Asmall group of Americans who took out cheaper but riskier mortgages several years ago are about to see their monthly payments skyrocket. Since 2019, more than 1.7 million homes have been bought using adjustable rate mortgages (ARMs), which initially offer a lower, more affordable interest rate than their fixed-rate counterparts. …
More Americans may be struggling to make ends meet. A majority, 65%, say they live paycheck to paycheck, according to CNBC and SurveyMonkey’s recent Your Money International Financial Security Survey, which polled 498 U.S. adults. That’s a slight increase from last year’s results, which found that 58% of Americans considered …
Chicago police tweak mass arrests policy ahead of Democratic National Convention https://t.co/tKtqcVDoyn — NBC Chicago (@nbcchicago) June 4, 2024 snelling says police are training for “large scale first amendment activity” with an emphasis on “constitutional policing.” “the chicago police department does a great job learning from the past,” he says. …
A new AARP survey finds that 20% of adults ages 50+ have no retirement savings, and more than half (61%) are worried they will not have enough money to support them in retirement. The findings also reveal a decline in overall sense of financial security among men, 42% of whom describe their …
In a surprising move that has caused ripples throughout the retail industry and beyond, two of America’s biggest retail giants, Target and Walmart, have taken significant actions that may spell trouble for the average American consumer. These actions include aggressive price cuts and strategic discounting initiatives, which serve as a …
US debt collection company Financial Business and Consumer Solutions (FBCS) has experienced a data breach, exposing the information of more than 3.2 million Americans. Threat actors accessed FBCS’ systems on Valentine’s Day, but the company didn’t realize the breach had occurred until Feb. 26. In a public notice, FBCS describes …
via schiffsovereign: Next month will mark 80 years since the US dollar was formally anointed as the world’s reserve currency. It was July 1944. And with the war in Europe near its denouement, governments were already trying to plan what the postwar world would look like. Most urgently, they needed …
For the better part of a year in 2017, I could barely will myself to leave my house. I was experiencing a prolonged depressive episode with daily, sometimes hourly, panic attacks, and I couldn’t see the point in continuing on. Many things helped me survive. Talking it through in therapy …
All aboard the Trump Train in 2024.pic.twitter.com/GVjBqnQsaM — Citizen Free Press (@CitizenFreePres) June 2, 2024 Huge crowd of British patriots chanting “TRUMP! TRUMP!” in London. Why the heck is our country not pulling together like this? byu/knutterchini inConservative
A new migrant crisis is brewing in the United States. Unlike the one at the southern border, this one will be all over the country. Evictions are rising rapidly as millions of Americans face soaring rent increases driven by inflation, a shortage of affordable housing, and the end of pandemic …
Congressman Scott Perry is a combat Veteran and represented the more than 725,000 people of the 4th Congressional District (all of York, all of Adams, part Cumberland and part Dauphin) of Pennsylvania since 2013; he earned re-election in 2018 to the newly-redistricted 10th Congressional District (all of Dauphin, part Cumberland, …
In a stunning turn, what was once a quick, affordable meal has transformed into a financial luxury for most Americans. Key List: 78% view fast food as a luxury due to high prices 62% eating fast food less often because of costs 46% believe fast food costs as much as …