Let’s play a quick game. What do you think the average American believes will happen to the economy next year? Higher taxes? Less social support? A tightening job market? Maybe all of the above? Well, the New York Fed just published a bombshell set of findings—buried inside are insights that hit a lot closer to …
Ever look at home prices and think, Did I accidentally time-travel to 2050? That same three-bedroom house that sat on the market for six months in 2019? Now it costs more than a lifetime supply of avocado toast, and people are fighting over it like it’s the last PS5 on Black Friday. And if you …
Just when you thought prices were finally cooling down and your grocery bill didn’t make you want to cry in the parking lot—bam! Inflation is rolling in like a wrecking ball. And let’s just say, if your wallet had feelings, it would be filing for emotional distress right about now. Inflation’s Back—And It Brought Friends …
In this podcast I talk about how you might already have that vibe that prices are rising, well, everything. Rent, groceries, gas—it’s all going up, but our paychecks? Not so much. And here’s the kicker: this isn’t just inflation. This is something way more calculated. We follow Jake, a hard-working guy just trying to keep …
Introduction What if I told you that everything you’ve heard about tariffs—from the breathless headlines to the so-called expert takes—is either incomplete, misleading, or flat-out wrong? Yep, the corporate media loves a good economic boogeyman, and tariffs are often cast as either heroic shields against foreign exploitation or dastardly villains destroying the economy. But here’s …
These are the top three things worrying me today about consumers trying to make ends meet. These issues are particularly relevant right now due to ongoing inflation, rising household debt, and uncertainty in the job market. Let’s be honest: personal finance isn’t exactly the most thrilling topic. But if you’ve ever opened a credit card …
When it comes to money issues, we all tend to think local or national, not global. Yet, while energy prices, especially fuel, have risen dramatically and are blamed on the current political administration, the cost of energy has exploded all around the globe. With winter approaching, people in the United Kingdom are bracing for record-high …
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2022 Survey of Consumer Expectations, which shows substantial declines in short-, medium- and longer-term inflation expectations. Expectations about year-ahead price increases for gas and food fell sharply. Home price growth expectations and year-ahead spending growth expectations continued to pull back from …
In recent years, the Brooking Institution published a series of papers as part of its Future of the Middle Class Initiative. In a 2020 paper, Brookings defined the Middle Class as the middle 60 percent of the household income distribution–“not poor, but not prosperous either.” How much income must a family have to be considered middle …
New findings from LendingClub paint a picture of people sliding back into just getting by financially. 61% or 203 Million Americans are Living Paycheck To Paycheck, Up from 55% a Year Ago. At the same time, the average savings amount dropped to $10,757 in June 2022. People are wandering more towards the financial edge despite …