payments.

Over 1 in 8 households struggle with debt payments; Bankruptcies surge; Phoenix sees record evictions.

Financial instability grips communities nationwide, with a significant portion of households struggling with debt payments. In Phoenix, soaring evictions and bankruptcies signal a growing economic crisis. Current economic indicators point to a concerning trend of declining savings and stagnant interest rates, exacerbating inflationary pressures and paving the way for a potential recession. Wow – more …

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RIGGED MEDICINE: Report finds nearly 60% of U.S. doctors received payments totaling over $12 billion from Big Pharma firms between 2013 and 2022

via naturalnews A report has found that nearly six in 10 doctors in the United States received payments from Big Pharma firms between 2013 and 2022. This is according to a study done by researchers at Pennsylvania State University, which found that around 57 percent of doctors collectively received approximately $12.1 billion from medical device manufacturers and pharmaceutical drug makers between 2013 …

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Health insurance companies suffer losses as US regulators decline to increase payments for private Medicare plans.

Health insurers are tumbling after US regulators didn’t boost payments for private Medicare plans. Only once in the past 10 years have final rates not improved from regulators’ initial proposals, according to research from JPMorgan.https://t.co/MIU1gEyqyD by @jtozz pic.twitter.com/uEKgtIlwcS — Tracy Alloway (@tracyalloway) April 2, 2024

The harsh reality: 36% of Gen Zers and millennials rely on family cash gifts. Starter home income surged 8.2% to $75,849. Average monthly payments hit $2,721.

In a heartbreaking reflection of the current state of housing affairs, a staggering 36% of Gen Zers and millennials gearing up to purchase their first homes cling to hope in the form of cash gifts from family. This reliance on familial support speaks volumes about the bleak reality faced by young aspiring homeowners, forced to …

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Investigators trace cryptocurrency payments to Ukraine linked to terrorists involved in the Moscow Crocus City Hall attack.

Russia Announces 'Substantiated Evidence' Of Ukraine Link To Crocus Hall Terrorists https://t.co/JmoEm1ACyh — zerohedge (@zerohedge) March 28, 2024 BREAKING: Terrorists involved in the Moscow Crocus City Hall attack reportedly received large amounts of payments in cryptocurrency which has been traced back to Ukraine, according to investigators. — Patrick Webb (@Patrickwebb) March 28, 2024 Russian authorities …

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Mortgage delinquency rates in Ontario (136%) and B.C. (62%) soar as higher payments bite

Sharp increase in mortgage borrowers filing for bankruptcy called ‘worrying trend’ More Canadians are beginning to crack under the pressure of increased mortgage payments, new data on consumer credit showed today. Article content Mortgage delinquency rates were up more than 50 per cent at the end of last year from the year before, with two …

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Interest payments on $34 trillion US national debt will exceed DEFENSE spending this year – as Paul Tudor Jones warn ‘debt bomb will go off

Interest payments on $34 trillion US national debt will exceed DEFENSE spending this year – as legendary investor Paul Tudor Jones says a ‘debt bomb’ set to go off in US Interest payments on the US national debt will eclipse defense spending in 2024, grim new projections show. Federal debt is at a historic high, …

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California introduces first-in-nation Reparations package. But no cash payments.

SACRAMENTO, California — California state lawmakers introduced a slate of reparations bills on Wednesday, including a proposal to restore property taken by “race-based” cases of eminent domain and a potentially unconstitutional measure to provide state funding for “specific groups.” The package marks a first-in-the-nation effort to give restitution to Black Americans who have been harmed …

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Debt Crisis Unveiled: Nearly 30% of Americans in Largest Metros Struggle with Overdue Payments.

The latest revelation about the debt crisis in America is nothing short of alarming. With a staggering 29.6% of residents in the nation’s 100 largest metros falling behind on at least one debt payment during the third quarter of 2023, and 27.3% experiencing serious delinquencies over 90 days past due, the financial health of a …

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Fani Willis could be prosecuted under Federal RICO laws. Fani authorized $654,000 in payments to boyfriend.

🚨 Fani Willis accused of hiring a man she was in a romantic relationship with to prosecute Donald Trump and play a prominent role in the election interference case, bombshell court documents claimhttps://t.co/4tbMbSUmlM — Benny Johnson (@bennyjohnson) January 9, 2024 District Attorney Fani Willis improperly hired an alleged romantic partner to prosecute Donald Trump and …

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Nothing says ‘fiscal responsibility’ like a trillion-dollar spike in debt in 15 weeks. I’m sure interest payments will magically solve everything!

The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion.Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congresshttps://t.co/4qD6tEfp9E pic.twitter.com/WlTbn3Q5L4 — Wolf Richter (@wolfofwolfst) January 3, 2024 The alarming surge in US government debt, ballooning by a staggering …

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Millions of Americans, burdened by student loan debt, struggle as 40% fail to resume payments.

Millions of Americans strapped with student loan debt are still not paying their bills after a three-year payment hiatus ended this fall. Federal student loan payments restarted at the beginning of October after President Biden declined to extend the pandemic-era pause that first began in March 2020 under his predecessor, former President Trump. However, 40% …

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Highway To Hell! Trillion Dollar Budget Deficits For As Far As The Eye Can See While The Fed Payments To Treasury For Losses Hits -125 BILLION (Unfunded Promises To The Masses Now $212 TRILLION And Growing!)

by confoundedinterest17 We are on a Highway To Hell! Massive Federal Budget deficits and staggering payments to Treasury from The Fed (losses on balance sheet) and $212 TRILLION in unfunded promises to the non-elites. Under Modern Monetary Theory (or print money without consequences), we are seeing trillion dollars budget deficits with no end in sight. Nothing …

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White House sidesteps transparency on Hunter’s direct payments to Joe, deepening concerns over accountability and integrity.

The response from White House press secretary Karine Jean-Pierre raises concerns about transparency regarding Hunter Biden’s financial dealings. The House Oversight Committee’s report suggests direct monthly payments from Hunter’s business entity to President Joe Biden, prompting questions about the nature of their financial relationship. Jean-Pierre’s statement that she had not seen the report and referring …

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GOP Senator In Florida Proposes Amendment to Ban Reparation Payments to Black Residents In State

via atlantablackstar: A Republican state senator from Florida introduced a constitutional amendment on Monday, Nov. 27, aimed at prohibiting the state and all local level governments from paying reparations to Black residents for slavery. Sen. Blaise Ingoglia of Spring Hill, who is the former chairman of the state Republican Party, proposed the amendment, which will come up for …

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Despite Headline Inflation Decline, Essential Necessities Face Persistent 5%+ Inflation, Contributing to Ongoing Affordability Crisis; Older Workers Turn to Entry-Level Jobs; 40% of Under 30s Rely on Family Support for Home Down Payments.

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 …

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Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever (Annual Interest Payments On 30-year Mortgage In 2020 Was $8,500, But Has Almost Tripled To $24,300!)

by confoundedinterest17 Another day, another dose of bad fiscal/monetary news. Not surprising with the US Treasury being run by Janet Yellen, who doesn’t seem to know much economics. In fact, with Biden/Congress spending like drunken sailors in port, inflation and The Fed’s counterattack, we see that interest of US debt just hit $1 TRILLION! $1.027 trillion in interest …

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The US housing market is at its most unaffordable level in 39 years. Monthly mortgage payments now consume nearly half of the median household income. Do you think the housing market is headed for a crash?

by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since tracking began in 1975. Monthly mortgage payments now consume nearly half of the median household …

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Biden’s Fiscal Folly! Massive Federal Spending Is NOT Sound Fiscal Policy, Another $1.6 TRILLION In Debt (Yields Show Washington’s Interest-Rate Payments Will Eclipse Australia’s GDP)

by confoundedinterest17 Appartently, Joe Biden and fellow big spenders in Washington DC, Mordor on The Potomac, don’t care about fiscal discipline. With seemingly endless spending of wars (Ukraine, Israel, Taiwan and the invasion at our southern border, and inane “green” spending, Janet Yellen and the US Treasury will be auctioning off $776 billion of debt in the …

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Over 60% of Canadian mortgages will be renewed within the next three years, with monthly mortgage payments set to increase by 50%.

The Royal Bank of Canada raises concerns about Canadian homeowners facing potential payment shocks, especially as 60% of Canadian mortgages are set to renew within the next three years. The Royal Bank of Canada is warning that Canadian homeowners could experience a payment shock unless interest rates significantly decrease. 60% of Canadian mortgages will renew …

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The US debt mountain is growing so fast the government could soon be spending more on interest payments than on defense

The US’s mountain of debt has become a cause of concern for investors this year. The government is likely to spend more on interest payments than on defense over the next five years, per Capital Group. The ballooning debt burden could eventually chip away at the demand for Treasury bonds, according to the investment manager. …

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Builder defaults on payments linked to Fortress Real Developments collapse

via theglobeandmail: Richmond Hill, Ont.-based real estate developer Sunrise Homes has defaulted on a court-ordered settlement to repay the millions of dollars it owes to lenders caught up in the collapse of Canada’s one-time largest syndicated mortgage company Fortress Real Developments Inc. On May 8, 2023, Justice Peter J. Osborne endorsed a settlement agreement whereby …

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China property crisis: Country Garden faces reckoning, faces fresh debt payments, could announce restructuring soon. The developer, which missed two dollar interest payments last month, has two coupons totaling $66.8 million coming due on Oct 09…

by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, which missed two dollar interest …

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