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10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic...
Submitted by Michael Snyder via The Economic Collapse blog, If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any...
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The Fed’s Startling Student Debt Numbers That Every Young Person Should See
Submitted by Simon Black via Sovereign Man blog, What I’m about to tell you is not my own opinion or even analysis. It’s original data that comes from the United States Federal Reserve and national...
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Here’s What’s Killing the American Dream
Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichter First-time homebuyers, the bedrock of a healthy sustainable housing market, are still largely missing in action. In February, they...
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Rental Armageddon Continues
Submitted by Doctor Housing Bubble, The Federal Reserve recently released household net worth figures and what was found in the report continues to follow the theme regarding a shrinking middle class....
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Apathy is the new black…….or not….
The disconnect between what most of us should care about and what the majority of us actually do care about is really quite frightening. You see, the truth is that far more Americans are drawn to...
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Housing Recovery – Real Or Memorex
Submitted by Lance Roberts via STA Wealth Management, There are probably quite a few of you reading this article who do not remember the old "Memorex" commercials when "cassette tapes" were THE...
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In No State Can A Minimum Wage Worker Afford A One Bedroom Apartment
Earlier this month we learned that in 21 out of the 26 OECD member countries that have a minimum wage, working 40 hours per week at the pay floor would not be sufficient to keep one’s family out of...
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America’s Housing Problem: Buying And Renting Are Both Unaffordable
In Q1, the average down payment on single family homes, condos, and townhomes fell to just 14.8% — the lowest level since Q1 2012. As discussed here on Sunday, this is the inevitable result of a move...
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20 Years Later, Bill Clinton’s Home Ownership Dream For America Is Dead
In “America’s Housing Problem: Buying And Renting Are Both Unaffordable,” we documented the rather disconcerting situation facing America’s renters. Despite the fact that Fannie Mae and Freddie Mac now...
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For Millennials, The Homeownership Dream Is Dying
We’ve talked quite a bit lately about homeownership rates in America. To recap, this month marks the 20-year anniversary of Bill Clinton’s 100-point National Homeownership Strategy which sought to...
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Why New Home Sales Remain At Recession Levels, In One Chart
While the number of new home sales reported earlier beat consensus expectations, coming in at 546K above the estimated 523K, driven mostly by another curious surge in Northeast sales (up 88% from...
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The Mystery Of The “Missing” Inflation Solved: Record Number Of US Renters...
Looking at a long-term chart of the BLS’ core CPI chart or the Fed’s preferred inflation metric, the Core PCE, reveals that the US is patiently trudging below the Fed’s goalseeked goal of roughly 2%...
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American Babies Are No Longer Mostly White
As regular readers are no doubt aware, shifting demographics are affecting everything from the labor market, to homeownership, to race relations in America. In “The ‘Illegal Immigrant’ Recovery” for...
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For The First Time Since It Was Mexico, California Now Has More Latinos Than...
Two weeks ago, we highlighted a statistic that reflects the rapid demographic shift taking place in America. Non-Hispanic whites, Bloomberg reported, citing the Census Bureau, are no longer the...
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12 Ways The Economy Is In Worse Shape Now Than During The Depths Of The Last...
Submitted by Michael Snyder via The Economic Collapse blog, Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was...
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In These 13 US Cities, Rents Are Skyrocketing
Seven years ago, the American homeownership “dream” was shattered when a housing bubble built on a decisively shaky foundation burst in spectacular fashion, bringing Wall Street and Main Street to...
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US Homeownership Drops To 48 Year Low As Median Asking Rent Soars To All Time...
Three months ago, just as the last Census Homeownership and residential vacancy report hit, Gallup released its latest survey which confirmed just how dead the American Dream has become for tens if...
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The Oligarch Recovery – Renting In America Is Most Expensive Ever
Submitted by Mike Krieger via Liberty Blitzkrieg blog, Characterizing the upward transfer of virtually all American wealth to a handful of oligarchs a “recovery,” represents a grotesque insult to the...
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Distressed American Workers Expose The Fallacy Of Improving Unemployment Numbers
Submitted by Tony Sagami via MauldinEconomics.com, “Over the past five years, our businesses have created more than 11 million new jobs. Our economy is growing and creating jobs at the fastest pace...
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7 Million People Haven’t Made A Single Student Loan Payment In At Least A Year
Perhaps it’s all the talk about across-the-board debt forgiveness or maybe the total amount of outstanding student debt has simply grown so large ($1.3 trillion) that even those with no conception of...
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