Spreading the truth. Empowering the people.
Pretty crazy the bottom 50% of households owe 36% of all debt but only own 6% of assets. Their growth in liabilities have been outpacing income growth for several decades. … Read more
by Michael Snyder Do you believe that a recession is coming? If so, you certainly have a lot of company. It turns out that more than two-thirds of all U.S. … Read more
via theepochtimes: More than 1.2 million American households moved to above $50,000 in annual income between 2016 and 2018, according to Census Bureau data released on Sept. 10, a sign of … Read more
via Jimmy Su: Consensus thinks that the China consumption story is driven by the “rising middle class” but as always the actual reason is much more complicated. Also, BCA looks … Read more
via @Trinhnomics: Meanwhile, Latin American households not so indebted, esp Mexicans!!!
via @Trinhnomics: a) Euro area better obvs thanks to NIRP; b) USA & Japan got BETTER 💪🏻💪🏻; c) Canada, Australia and Korea got WAY WORSE 👇🏻💪🏻(this is why I didn’t understand … Read more
via @Trinhnomics: Sorry, no data for EM. For non-FI firm debt service ratios: a) Euro area good thanks to NIRP (sound like a broke record); b) US worse but still good; … Read more
by Dave Kranzler of Investment Research Dynamics “The latest University of Michigan consumer confidence report noted that its index tracking those who think it’s a good time to buy a home has fallen … Read more
via abc.net.au: If you felt a bit poorer at the end of last year, you’re not alone — Australian households dropped a lazy quarter of a trillion dollars in wealth in … Read more
Just watched an excellent video by Stefan Molyneux titled “The truth about Trump’s Wall Speach” where Stefan gives some hard facts about immigrants and welfare. Welfare use varies among … Read more
via @HayekAndKeynes: As a result, the number of cost-burdened renters (>30% of income on housing) has doubled since 1960, reaching almost 50% of all U.S. renters
by Dr. Eowyn A new study by the Center for Immigration Studies (CIS) found that, in spite of “barriers designed to prevent welfare use” by non-citizens, as many as 63% of non-U.S. citizen households in … Read more
by Michael Snyder Have you ever had a day when your children were crying due to hunger but the cupboards were completely bare and your bank account was empty? If … Read more
Authored by Terence Jeffrey via CNSNews.com, The Census Bureau has released new data that strengthens the case for calling the current generation of American children “The Welfare Generation.” Among American … Read more
via waterfilterdata.org: Water utility prices are rising at an alarming rate, and by 2022, it’s estimated nearly one-third of American households will be unable to afford their monthly water bill. Since 2010, water … Read more
