Goldman Sachs economists have raised their estimation of the likelihood of the United States entering a recession within the next year from 15% to 25%. Despite this increase, they continue …
"rising inflation"
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Election 2024Money
Housing Affordability Crisis: 61% of Renters Can’t Meet Median U.S. Apartment Costs
A staggering 61% of American renters are now unable to afford the median rent rate, as inflation continues to erode earnings and affordable housing remains scarce. This sobering statistic from …
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U.S. job openings have dropped to their lowest level since February 2021, indicating a cooling job market. As of April, job vacancies decreased to 8.1 million, down from 8.4 million …
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In 2023, U.S. healthcare spending reached a record $4.8 trillion as more Americans obtained insurance, outpacing the nation’s GDP growth. This surge in spending, largely fueled by increases in Medicaid …
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As the cost of living continues to surge across the United States, 78% of Americans now view fast food as a luxury, according to a recent survey conducted by LendingTree. …
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America NowMoney
U.S. Interest Payments Now Exceed Defense and Medicare Spending as National Debt Grows
Congress has allocated more funds to interest payments than to national defense and Medicare combined. In the first seven months of the fiscal year, spending on net interest reached a …
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President Joe Biden’s expansive migration policy is notably impacting the U.S. housing market and financial stability. As reported by the Wall Street Journal and key figures in the Federal Reserve, …
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In an economic climate reminiscent of the early ’90s, American families are once again grappling with soaring food prices. [Source] A recent Wall Street Journal report highlights this alarming trend, …
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Crude oil prices have surged past $92 a barrel, causing gasoline prices to hit a record high for 2023. [Source] On Monday, the national average for gasoline was a staggering …
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The global stock market, after celebrating a $10 trillion rally this year, is at a crossroads. As the end of the second quarter nears, companies are gearing up to report …