Fixed incomes, rising housing costs, broken assurances: The community is letting down its youth — they could take drastic action.
The Discontent Among Younger Generations An old African saying goes, “A child who is not accepted into a village will burn it down to feel its warmth.” This thought resonates with me, especially in the context of today’s younger generations in America. Many young people are expressing frustration over policies that seem to favor older […]
California’s high taxes and cost of living issues impact six-figure incomes
California Struggles with $100K Salaries In places like San Francisco and Oakland, a salary of $100,000 doesn’t stretch as far as one might think. Rising housing expenses and high taxes are seriously affecting the purchasing power of Californians. According to a recent analysis by ConsumerAffairs, these two cities ranked at the very bottom among the […]
New report shows the average age of first-time home buyers in the US reaches 40 as housing costs rise faster than incomes.
New Initiative to Enhance Housing Affordability A new initiative titled “Make Housing Great Again” has been introduced, spearheaded by conservative influencer Benny Johnson along with the America First Policy Institute (AFPI). This plan aims to make housing more accessible for Americans. In November, Johnson and AFPI launched the initiative, enlisting former HUD Secretary Ben Carson […]
Retired couples with two incomes could see a yearly loss of $18,100 in Social Security by 2033.
Social Security Trust Fund Projected to Deplete by 2033 A recent analysis from the Responsible Federal Budget Commission indicates that couples retiring at the beginning of 2033 might face an average Social Security benefit of $18,100, significantly lower than what current retirees receive. This reduction is slated to occur soon after the Old Age and […]
Rising Incomes and Spending Show Economy Remains Resilient Despite Gloomy Confidence
Both US personal income and consumer spending rose in February, the Commerce Department said Friday. Total personal income increased by 0.8%, or $194.7 billion, which is driven primarily by wage increases and transfer payments. Consumer spending rose 0.4% last month, or $87.8 billion. This profit was driven by an increase of $56.3 billion in commodity […]
Trump vows ‘incomes will skyrocket’ and ‘inflation will vanish’ in second term
MILWAUKEE — Donald Trump promised in his Republican nomination acceptance speech Thursday night that if he wins a possible second term, “income rates will soar,” “inflation will disappear” and the Federal Reserve will “cut interest rates.” The 78-year-old former president unveiled an economic plan that includes eliminating the tip tax and tariffs on other countries, […]
Outmigration cost California $24B in departed incomes as poorer people move in
(The Center Square) – Outmigration to other states cost California $24 billion in outgoing personal incomes across 2021 and 2022, according to new IRS data. Departing Californians were significantly wealthier and more likely to have children or spouses than incoming Americans, suggesting wealthy families are leaving the state as poorer individuals come to seek their […]
Inflation ticked higher in March as incomes, spending rose
Inflation accelerated slightly in March as Americans continued to see pay increases and a steady pace of spending, according to data released by the Commerce Department on Friday. The personal consumption expenditure (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose 0.3% in March and has risen 2.7% over the past year. Monthly […]
Inflation, incomes rose in January as Fed weighs rate cuts
Inflation and personal incomes rose in January, according to federal data released Thursday, another sign of economic strength that could delay a long-anticipated interest rate cut. The personal consumption expenditure (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose 0.3% in January and has risen 2.4% over the past 12 months. Despite the […]