A hub for independent voices and hard truths
Nearly every cleaning product in your home may release hundreds of potentially toxic chemicals when used, a study suggests. Researchers at the Environmental Working Group tested 30 common household products such as glass cleaners, stain removers and air fresheners. They said that all but one released measurable levels of volatile …
American households now have an average of $10,170 credit card debt, as record numbers say they are worried about being cut off from access to loans. Data from the New York Federal Reserve shows nationwide credit card debt swelled by $43 billion in the second quarter of the year – …
Inflation has eaten over 20% of income since 2019, according to the Bureau of Labor Statistics. pic.twitter.com/emLPXyGe7R — Yordie Sands 🌺 (@YordieSands) September 12, 2023 Median household income fell in 2022, adjusted for inflation, Census Bureau says “Median household income fell by 2.3% in 2022 on an inflation-adjusted basis, the Census Bureau reported Tuesday. …
Despite credit rejections rising, debt levels are skyrocketing. Total US household debt just hit a record $17.1 trillion and is expected to rise again this quarter. People are using debt to "fight" inflation. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 11, …
Macy’s executives have warned of a spike in customers failing to make credit card payments thanks to unprecedented pressures on household finances. The department store has seen its credit card revenue plunge by 36 percent this year due to the rise in delinquencies. Bosses said they had expected to see …
by confoundedinterest17 Middle class Joe my ^%&! Joe Biden will always be remembered for lying about never raising taxes on households making under $400,000. Inflation is a permanent tax, mostly on those making under $400,000 per year. And household essentials are up substantially under Biden: gasoline prices are up 72%, rent …
For the first time in history, the median monthly mortgage payment is nearing $3000/month. Mortgage rates are now at their highest since 2002. Inflation has made many basic necessities into unaffordable things. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 20, 2023 …
‘A new analysis from the Heritage Foundation found that the current U.S. commitment of $113 billion in aid to Ukraine is costing American taxpayers roughly $900 per household. “The formal aid packages alone amount to a staggering $113 billion—roughly $900 per American household and almost 12 times the spending cuts …
The US has $17.1 trillion in household debt, $12.0 trillion in mortgages, $1.6 trillion in auto loans, $1.6 trillion in student loans, and $1.0 trillion in credit card debt. pic.twitter.com/xU9iQN2f5f — MapleMAGA 🇨🇦🇺🇸 (@MapleMAGAw5) August 8, 2023 US Total Household Debt Hits an All-Time High of $17 Trillion; Credit Card …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2023Q2 https://www.newyorkfed.org/microeconomics/hhdc.html Wut mean?: Credit Card Balances: A notable increase of $45 billion to a record $1.03 trillion, along with a rise in credit card account limits to $4.6 trillion. Mortgages: Balances remained steady at $12.01 trillion. Mortgage originations, including refinances, were at $393 billion, up by $70 billion from …
For the first time in history, total credit card debt is about to cross $1 trillion. Since Q4 2020, total credit card debt is up over $200 billion. Americans currently hold a record $986 billion in credit card debt. 2/7 pic.twitter.com/L2cfwDWWEY — The Kobeissi Letter (@KobeissiLetter) August 1, 2023 According …
Least affordable housing market so far. h/t Goldenbird666
by confoundedinterest17 To quote Bill Paxton’s character from Twister: “It’s Already Here!” The feared recession, that is. The year-over-year growth rate in Household Net Worth has been negative for 3 consecutive quarters, the worst growth since The Great Recession and Financial Crisis of 2008/2009. Of course, the Biden family household net …
‘The BBC has said it takes “any allegations very seriously” following claims that one of its male presenters paid a teenager more than £35,000 for sexually explicit photos. The unnamed “household name” allegedly first requested images from the youth when they were aged 17 back in 2020 and has made …
People keep responding, “This is due to a decline in the number of people who are marriage material” Are young people in America really on a serious slope of decline in terms of character and relationship skills, or do we have higher standards compared to prior generations? — Amy Nixon …
via koreatimes.co.kr: Korea’s household debt-to-gross domestic product (GDP) ratio was the highest among the world’s 34 major economies in the first three months of this year, data showed Monday. This has raised concerns that banks and other financial firms may face higher default rates amid higher interest rates and deepening …
As of 1Q23, household net worth as a % of disposable personal income fell to 760%, down from 840% a year earlier … in year/year terms (not % change, just a change in %, orange), fastest decline since 4Q08 pic.twitter.com/EL2IIQfCWq — Liz Ann Sonders (@LizAnnSonders) June 12, 2023 The lowest-earning …
Nearly one-third of Generation Z says they’d be just fine with government-installed surveillance cameras in every household under the guise of reducing domestic violence and other illegal activity. “Would you favor or oppose the government installing surveillance cameras in every household to reduce domestic violence, abuse, and other illegal activity?” …
by DesmondMilesDant What is going on here at the Non-Farm payrolls report? Let me confuse you from something in 2008. According to the most recent jobs report, nonfarm payrolls increased by 339 thousand in January. This is good news for the economy, as it indicates that more people are finding …