A U.S. family of four needs to earn a minimum of $85,000 a year on average to “get by,” which is nearly three times the federal poverty line and $27,000 more than the estimated needed annual average 10 years ago, …
The Bank of Canada estimates that mortgage borrowers who renew their loans over the next few years will see a spike in their monthly payments. This is due to higher borrowing costs and stress in the global banking system, …
by Dismal-Jellyfish https://www.sec.gov/news/speech/gensler-honest-unbiased-investment-management-05192023#_ftn10 SEC Chair Gary Gensler in speech “Honest and Unbiased Investment Management”: Remarks before the Inaugural Conference on Emerging Trends in Asset Management Highlights Private Funds: Today, nearly 75 years later, the private fund industry has grown to …
The Charmed Life of a Baby Boomer Named James: James was born in 1946 during a time of peace, shortly after the most deadly war in history. He begins work in 1962 at age 16, he is paid the minimum …
1) Here are the migrant figures for FY 2023 thus far. You can see the US is already on pace to exceed its 2022 migrant encounter figures. And that's BEFORE Title 42 expired. Which will likely increase the immigration wave …
by Qplus17 https://twitter.com/GRDecter/status/1651734455537614853 ‘The US Economy Is Unwell’: Wall Street Bigwigs Pour Cold Water on Benedict Biden’s Economic Optimism JPMorgan says S&P 500 could hit 3500 ‘by early summer’ By Investing.com ‘Welcome to the recession:’ Most of Wall Street still …
by Dismal-Jellyfish Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the March 2023 SCE Labor Market Survey. The SCE Labor Market Survey, fielded as part of the Survey of Consumer Expectations (SCE) since March 2014, provides information on …
Real estate bros on suicide watch… h/t BoatSurfer600
Subprime car loans in delinquency have hit a 13-year high. Another sign that lower income consumers are struggling with debt. pic.twitter.com/Kx849p5hcW — Markets & Mayhem (@Mayhem4Markets) February 23, 2023 https://twitter.com/leadlagreport/status/1628850568427892739 The Fed’s economists think we are entering a recession. How …
by confoundedinterest17 The January US inflation numbers are out and they were grim. US REAL average hourly earnings fell … again … to -1.8% year-over-year (YoY) from a revised -1.6% YoY in Deember. That makes 22 straight months of negative hourly earning …
Daily national average prices of regular unlead gasoline are up 5.3% this month pic.twitter.com/psRwQJTihN — Michael J. Kramer (@MichaelMOTTCM) January 20, 2023 https://twitter.com/MFHoz/status/1616147547705470976
h/t Infamous_Sympathy_91
by confoundedinterest17 Alarm! The inflation numbers are out for October and they still stink (headline inflation still sizzling at 7.7% YoY). But the number that really irks me is … REAL average hourly earnings growth is at a horrifying -2.8% YoY …
And it’s just getting started. The more they print the less everything is worth — BEL15VE (@usmc_15) October 17, 2022
Since President Biden took office, monthly savings have collapsed, falling 83% (NYPost) Have you taken a peek at the balance in your 401(k) retirement accounts lately? Here’s our advice: Don’t bother. It will ruin your whole day, week and month. …
Graphic showing median range of a gas car vs electric car. The average EV can’t make it from Vegas to Reno. h/t BinyaminDelta
Mortgage rates continue to fill the headlines as the fallout from the Chancellor’s tax cutting mini-Budget hits borrowing costs. While the Government has now reversed its decision to cut the 45p top rate of income tax for high earners, last …
https://twitter.com/gurgavin/status/1574426327142502400
by pacmanpill “a fixed or movable upright partition used to divide a room, give shelter from draughts, heat, or light, or to provide concealment or privacy.”This is the definition of screen.In the french version, it’s something that vision/reality.They use TV/screens to …
BREAKING: UK government freezes gas and electricity bills for the average household at £2,500 at year for the next 2 years | #EnergyCrisis #EnergyTwitter — Javier Blas (@JavierBlas) September 8, 2022
NYP, 8/31/22: “Biden’s weekend jaunts and vacations spanned 234 days — with seven in 10 of them spent at his homes in Wilmington and Rehoboth Beach, Delaware — out of 589 days in office.” https://t.co/oi1Krc4hW5 — RNC Research (@RNCResearch) September …
by silvertomars ‘Freeze profits, not people’: Furious protesters take to the streets outside Ofgem HQ as anger mounts at 80% energy price cap hike – and Chancellor Zahawi faces backlash for urging people to RATION to save money “Freeze profits, …
by confoundedinterest17 Well, new home sales aren’t coming to the rescue for affordable housing. July’s New Home Sales crashed and burned. At -32.26% YoY. This is happening as M2 Money growth has declined. For the month of July, new home sales …
Inflation is hitting the average Joe very, very bad. pic.twitter.com/x4LcD9v6Pw — Alf (@MacroAlf) August 20, 2022 Personal savings in the US evaporating. 3.9 trillion a year ago to just 968bn now. pic.twitter.com/Cebqj5OrYh — Don Johnson (@DonMiami3) August 20, 2022 Half …
