Independent thinking for complex markets and current events
Bank of America studied the debit and credit transactions of millions of Americans. The pullback on spending outside of necessities is unlike anything they have ever seen. Domino’s said consumers do not even want their $7 carry out pizza. $7. A whole pizza. One of the cheapest food options available. People cannot justify $7 for …
Affordability of necessities in the US continues to deteriorate byu/RobertBartus inEconomyCharts For context… SmartAsset studied how much families need to live a "normal" life in every US state. (covering needs, wants, AND saving 20%) The results are terrifying: — Brennan Schlagbaum, CPA (@Budgetdog_) December 3, 2025 40. Texas ($204,922)39. North Dakota ($207,334)38. Michigan ($207,584)37. South …
Retirement plans get cashed out, fast food becomes unaffordable, and “feeling financially free” now means half a million a year or bust. The working class is melting down in real time, but don’t worry, the White House says the economy is strong. People are so fucking broke Last year, a record 4.8% of workers in …
In the aftermath of the August 2023 Lahaina, Hawaii fires, a new report reveals FEMA’s horrific neglect and mismanagement under the Biden Administration. The report highlights that 1 in 6 survivors were forced to engage in sexual acts in exchange for basic necessities like food… pic.twitter.com/YVCoWpNQsG — Homeland Security (@DHSgov) May 29, 2025 Report reveals …
It’s not a good thing that housing, education, and healthcare are sold at inflated prices. Comparing mortgage rates and healthcare costs to income in the U.S. in the past and doing the same comparison with other countries today, shows a troubling trend. Financial services are often pointless, like insurance for overpriced homes or cars or …
Foreign aid is important. But not as important as help for Americans — that should be the top priority — Matt McCann (@mccannltc) December 13, 2024
For the first time since February 2021, inflation-adjusted grocery spending has increased, signaling a positive growth trend after nearly three years of decline. This means that despite inflation, people are now spending more on groceries in real terms. GROCERY SHOPPING 🍞🥩🥦 Inflation-adjusted grocery spending was positive for the first time since February 2021 after nearly …
“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 …
Inflation in essential areas, including car insurance, car repair, transportation, rent, homeowner costs, and food away from home, far exceeds the 3.2% CPI headline rate, challenging the notion of a broader decline in prices and signaling an ongoing affordability crisis for consumers. While CPI inflation is at 3.2%, inflation is much higher in many basic …
With the median mortgage payment exceeding the cost of rent by $1,000 per month and average new car payments and used car loan interest rates reaching new highs, households are feeling the strain of increasing expenses. The milestone of $1 trillion in credit card debt, coupled with record-high interest rates of 25%, underscores the growing …
If we adjust for inflation, inflation is 0% h/t InternationalTop2405
