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American average credit card balance is $7,300, median household savings $5,300, and delinquency rates rise 6 consecutive quarters. We are “fighting” inflation with credit cards.

August 1, 2023 8:41 pm

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 to a survey conducted in …

The median sales price of a home in the US is now 560% of the median household income. In 2008, it was 360% of the median household income. This is the least affordable housing market in history

July 31, 2023 9:23 pm

Least affordable housing market so far. h/t Goldenbird666

Bidenomics? Existing Home Sales Crash -19% YoY In June, 23rd Straight Month Of Negative Growth (Median Price Falls To -1.16% YoY) Inventory For Sale STILL MIA

July 20, 2023 2:20 pm

by confoundedinterest17 Wasting away again with Bidenomics. US existing home sales crashed by -19% in June, the 23rd consecutive month of declines. At least the median price of existing home sales is decreasing as Fed stimultypto vanishes. Just like inventory for sale has vanished. The face of Bidenomics, code for Federal government reckless green spending. …

Home price-to-income ratio surpasses 2008 housing bubble. US median home price rises 38% since 2020, mortgage rates is up from 2.7% to 7.1%. They will kill houses?

July 19, 2023 3:41 pm

https://t.co/HalIfhU6gE — Win Smart, CFA (@WinfieldSmart) July 19, 2023 The median home price in the U.S. is up ~38% since 2020. The average interest rate on a 30-year mortgage is up from 2.7% to 7.1% in ~2.5 years. The average mortgage payment on a 30-year mortgage is now $2,900. Could you afford to buy your …

US Q1 GDP Revision Jumps To 2.0% QoQ On Net Trade Jump, Responsible For Almost All Of The 1.3% To 2% Increase (REAL Median Weekly Earnings DOWN -3.7% Under Bidenomics)

June 29, 2023 10:05 pm

by confoundedinterest17 Welcome to why I am always dubious about Federally-reported economic numbers, like GDP. GDP was adjusted up to 2% QoQ for Q1. But what was the reason for the dramatic revision? Net trade was the biggest change: exports were revised from 0.58% to 0.86%, while imports subtracted only -0.28% from the bottom line …

The Median Age of Americans Is the Highest Its Ever Been

June 23, 2023 8:07 am

(KTLA) — The median age of Americans reached a record high of 38.9 years between 2021 and 2022, according to new data released by the U.S. Census Bureau on Thursday. During that timeframe, the median age in the nation has increased by 0.2 years. The rapid rise is noteworthy since the median age in 2000 …