The U.S. consumer is maxed out. They need more stimulus in order to continue this economy. And of course, stocks need their artificial boost as well. The U.S. consumer is maxed out. Consumer sentiment is down heavily. Real estate continues …
by confoundedinterest17 There is a great fear about inflation in the US. And why it remains so low DESPITE the trillions in stimulus spending by the Biden Administration. According to a survey by The New York Fed, consumers are expected to …
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 the three months leading up to New Year’s Day. According …
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. https://www.youtube.com/watch?v=r1Nmsc7BQAk&feature=youtu.be&app=desktop Welfare use varies among immigrant groups. Households headed by immigrants from Central America …
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 America have received some form of government welfare “often receiving benefits …
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 you haven’t, you should consider yourself to be extremely blessed, …
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 residents under 18 years of age in 2017, according to the …
From Charles Hugh Smith at Of Two Minds: What does it take to be middle class nowadays? Defining the middle class is a parlor game, with most of the punditry referring to income brackets as the defining factor. People tend to self-report …
by Dana Lyons Outside of the 2000 dotcom bubble, U.S. households have never had more of their assets invested in the stock market. The U.S. stock market, i.e., the S&P 500, soared back to new all-time highs again today – always …
Do you see the dislocation between rich and poor? Every area has it but it seems more pervasive than ever.
by Michael Snyder A lot of people are going to be financially ruined by Hurricane Florence. As you will see below, only 9 percent of all homeowners in South Carolina have flood insurance, and up in North Carolina that figure …
via snakkerdudaniel: Source: https://factfinder.census.gov/bkmk/table/1.0/en/ACS/16_1YR/S1901/0100000US.04000 Tools: Microsoft Excel
Will they be called The Welfare Generation? Today, they are Americans under 18 years of age growing up in a country where the majority of their peers live in households that take “means-tested assistance” from the government. In 2016, according …
By Tsvetana Paraskova U.S. gasoline prices are at a four-year-high this year as a result of the higher price of oil which has reached a three-and-a-half-year high in recent weeks. The increased pump prices are now eating into the disposable income of …
up 0.5% from the previous quarter https://twitter.com/wsjcentralbanks/status/997428085724237824?s=11 Household Debt Now Well in Excess of Pre-2008 Debt Crisis Levels Remember how it went in 2008? Markets positively drowning in credit. Subprime for miles, increased credit card limits for all. Boom times. …
by Michael Snyder If the U.S. economy is performing well, then why can’t 51 million households in the United States “afford basics like rent and food”. A stunning new report that was just put out by the United Way ALICE Project shows …
These Canadians are in a “highly vulnerable” position. By Daniel Wong, Better Dwelling: Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In …
The top 10% of American households now own 84% of all stocks The stock market continues to be one of President Donald Trump’s favorite indicators of the country’s health as stocks continue to hit all-time highs. But a shrinking share …
by John Whitaker, NEE Up to One-Third of Americans Under the Age of 18 Have at Least One Immigrant Parent According to data from the Migration Policy Institute, over one quarter (25.8 percent) of all Americans under the age of 18 has …
by Dana Lyons The percentage of financial assets that households currently have invested in stocks has only been exceeded by the 2000 bubble. From the Federal Reserve’s latest Z.1 Release (formerly, Flow Of Funds), we learn that in the 2nd quarter, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “July proved to be a tough month for chain restaurants,” the report said. Foot traffic at chain restaurants fell 4.7% in July year-over-year. Same-store sales fell 2.8%, the 17th month in a row of year-over-year declines, …
