Independent thinking for complex markets and current events
People usually argue about one tax. What gets overlooked is how many taxes stack on top of each other. Start with the federal income tax, which reaches a top marginal rate of 37%. Then add 15.3% in combined payroll taxes for Social Security and Medicare, although employees and employers typically split that burden. If you …
Working one job is no longer enough to cover living costs: The number of multiple jobholders surged 499,000 in October and November, to a record 9.3 million. This figure has risen +3.9 million since the 2020 low. This is also 1.2 million above the 2008 Financial Crisis peak. As a % of total employment, multiple …
69.2% of Americans now live paycheck to paycheck. Read that again. 69.2% y’all. PYMNTS’ latest report shows 692 out of every 1,000 U.S. adults are barely keeping up. It was 68% in May👇 And now? 1 in 4 can’t even pay their monthly bills without falling behind. That’s 26.3%… https://t.co/b70z6N8KG6 pic.twitter.com/XR3EKuKEo0 — Amanda Goodall (@thejobchick) …
Federal layoffs are hammering through Washington, and this is not some neutral belt-tightening. The government shutdown has become a weapon. It is not about budgets. It is about purging agencies of workers deemed politically inconvenient. Offices are emptying, programs are freezing, and the effects are already spilling into public life. People are losing paychecks. Families …
Credit Card debt is absolutely exploding higher, now over $5 trillion and personal interest payments just hit a record high The consumer debt picture also indicates that decades ago, there was a massive, structural break in the economy and broader financial system- will we ever recover? “Credit card debt in the United States at the …
00:00 Baby Boomers, Wealth, and Retirement Realities 03:41 Regrets and Realizations: Analyzing Past Financial Choices 06:43 Investing Early: Assets for a Secure Retirement 08:31 The “Die With Zero” Philosophy: Spending vs. Saving 11:13 Accumulating vs. Using Wealth: A Psychological Shift 13:05 The Stark Reality of Retirement Savings in America 16:37 Inspiration and a Call to …
Sherwin Williams cutting its 401(k) match is a pretty loud signal about where the cracks are showing in the economy. The company lives and dies by housing turnover and renovation cycles. Normally, people buying and selling homes drive paint demand, and DIY projects keep the volume steady. But with mortgage rates still locking people into …
by Michael When two-thirds of all the workers in your entire country are just barely scraping by from month to month, you have got a major crisis on your hands. For a long time, our standard of living has been going down and the middle class has been shrinking. But in recent years, those two …
Bullish! https://t.co/60XMDdvb6s — QE Infinity (@StealthQE4) April 29, 2025 Americans’ confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COVID-19 pandemic as anxiety over the impact of tariffs takes a heavy toll. The Conference Board said Tuesday that its consumer confidence index fell 7.9 points …
It’s more expensive than ever to rent. In fact, rents were unaffordable in 2024 for almost 25 million households in the United States, an all-time high, according to a report on America’s Rental Housing by the Joint Center for Housing Studies of Harvard University released this month. The most astonishing finding highlighted by analysts in …
An NYPD sergeant with a six-figure income has been arrested and suspended without pay after allegedly shoplifting $15 worth of cough syrup and drops from a Target store on Long Island in two separate incidents. Sgt. Rayna Madho, a 41-year-old NYPD veteran, has served in various units since joining the force in 2006, earning more …
After years of managing household budgets through the stress of the worst inflation in a generation, US families are increasingly pressured by a different kind of financial squeeze: The cost of carrying debt. Two years after the Federal Reserve began hiking interest rates to tame prices, delinquency rates on credit cards and auto loans are …
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 retirement savings or college funds, …
TikTok user @fouronacouch revealed that she makes $2,500 a month after taxes After paying her rent and monthly loan bill, she was left with just $25 Many viewers were shocked by entry-level teacher’s salary https://www.dailymail.co.uk/femail/artic…enses.html A 23-year-old has shed light on the difficulties of making a living as a public school teacher after breaking down …
US govt:~$5 trillion total rev all sources~$2.5 trillion of that is personal income taxes~$1 trillion annual interest on the debt. This is crazy to think about. When you look at your paycheck info, and you see that amount taken out for Federal income taxes … 40% of it is… https://t.co/OCPDzSgYnR — Wall Street Mav (@WallStreetMav) …
by Michael Despite the fact that our politicians in Washington have been borrowing and spending trillions of dollars that we do not have in a desperate attempt to prop up the economy, living paycheck to paycheck has become a permanent lifestyle for most Americans. In other words, well over half of the country is literally …
via moneywise: It’s not just low-income Americans drowning under inflation and interest rates — some higher-income folks are feeling the strain on their wallets as well. Data from a June survey conducted by personal finance software company Quicken revealed that 32% of Americans earning at least $150,000 a year are currently living paycheck to paycheck, …
An increase in immigration is helping the Fed reach their 2% inflation target faster, according to Apollo. Since April 2020, immigration to the US has increased by 5.3 million people. A rise in immigration puts downward pressure on wage growth. As wage growth falls, so does… pic.twitter.com/OrRUiYpFrf — The Kobeissi Letter (@KobeissiLetter) October 10, 2023
by confoundedinterest17 Bidenomics is forcing Americans to live hand to mouth. Or as Lou Chrisite sang, “Lightning Strikes …. Americans” leaving them worse off under Bidenomics. The cost of living has been soaring, and our standard of living has been steadily going down. Coping with inflation is tough for American households where consumer debt is up 19.$ under …
61% of Americans are on the same boat 🚤 🤦🏻♂️ Inflation has hit us all. Regardless of household income pic.twitter.com/MfJZF3qv1x — Oscar Herrera (@OscarEnjoylife) September 2, 2023 61% Of US Workers Live Paycheck-to-Paycheck, 21% Struggle With Bills More consumers of all income brackets reported living paycheck to paycheck in July 2023 than last year. Spending …
Watch the latest video at foxnews.com A mother of four fired back at Rep. Alexandria Ocasio-Cortez, D-N.Y., after the lawmaker shared a video that said inflation was “propaganda.” “I’m just wondering how she thinks it’s propaganda,” Amber Bergeron said Friday on “Fox & Friends First.” “Has she checked her electric bill? Has she looked at the cost of …