Buying a Home Harder Than It’s Been in a Decade, Average Home Unaffordable by Nearly $70K
On Thursday’s “NBC Nightly News” broadcast, NBC News business and data reporter Brian Chung said that according to NBC’s new Home Buyer Index, “it’s harder to buy a home now than it has been at any time in the last decade,” and that “the average home is now about $70,000 more than the average household […]
Average age of US cars, trucks hits new record amid high prices for new vehicles
FOX Business’ Jeff Flock reports that auto repair costs have risen 33% in the past four years. As new vehicle prices remain high, the average age of cars and light trucks currently on the road in the U.S. will reach a new record of 12.6 years in 2024, according to vehicle registration data tracked by […]
Average American spends nearly 2 and a half hours ‘dreamscrolling’ each day: poll
The average American spends nearly two-and-a-half hours a day scrolling through dreams of buying or dreaming of things they’d like to own one day, and 71% say this habit motivates them to achieve their financial goals. say they are having a meaningful time. In a recent poll of 2,000 U.S. adults, more than two in […]
Biden’s Policies Haven’t Given Security to Average American
On Friday’s broadcast of FOX News Channel’s “America Report,” Dr. Mohamed El-Erian, an economist, president of Queen’s College, Allianz chief economic advisor, and former chairman of the Obama World Development Council, discussed President Joe Biden’s economic policies. has been effective, but said: From a job market perspective, “the reason they’re not working is to provide […]
US Government Interest Payments v. Tax Receipts, Average Interest on Treasury Debt, & Debt to GDP
Spiking Interest payments will hopefully, knock on wood, force the drunken sailors in Washington to go through detox. The gigantic US government debt is now approaching $33 trillion, amid a tsunami of issuance of Treasury securities to fund the mind-blowing government deficits and roll over maturing securities. At the same time, the Fed has hiked its […]
Dow futures are little changed after blue-chip average touches 40,000 for first time: Live updates – CNBC
2 hours ago Country Garden liquidation hearing in Hong Kong court postponed Hearing on a petition to liquidate debt-laden Chinese property company Country Garden Holdings has been postponed until June 11 by a Hong Kong court. According to Reuters. The struggling real estate company received a winding up application filed by one of its creditors […]
Credit card debt is surging as average American owes $6,218
“Kudlow” panelists Kevin Brady, Art Laffer and Sandra Smith discuss how “Bidenomics” isn’t gaining traction with voters. Americans continue to accumulate credit card debt Fighting high inflation And interest rates. The average debt per borrower reached $6,218 at the end of the first quarter, an 8.5% increase from a year ago, according to new data […]
Dow Jones Industrial Average passes 40,000 as Wall Street cheers slowing inflation
On Thursday, the Dow Jones Industrial Average topped 40,000 points for the first time in history as Wall Street cheered the prospect of slower inflation and lower interest rates. The iconic stock index rose about 111 points to about 40,020 points just before 11 a.m. Thursday. The Dow was founded in 1895 and includes the […]
Report: U.S. Home Prices Increased 47% On Average Since 2020
(Photo by Jim Watson/AFP) (Photo by Jim Watson/AFP via Getty Images) James Myers of OAN3:44 PM – Monday, May 13, 2024 A recent analysis of the Case-Shiller National Home Price Index by ResiClub revealed that U.S. home prices have shown an incredible rise, soaring 47.1% since 2020. advertisement Recent increases in the housing market in […]
Gen Z has an average of $2,834 in credit card debt
An alarming new report says that inflation-stricken Gen Z faces significantly higher debt burdens than Millennials did when they were their age. The average credit card balance for Zoomers aged 22 to 24 in their prime years was $2,834 in the final quarter of 2023, compared to an inflation-adjusted average balance of $2,248 during the […]