Economy: Credit card 90+ day delinquencies
This does not look good - suggests recession is near.
Demographics, Economics, Business, Data analysis, Tech, Factfulness - Details Matter.
This does not look good - suggests recession is near.
The largest change is in the net worth of the top 1% and then the top 0.1%.
Should we tax "unused rooms"? And what is a unused room?
"Boomers" are supposed to downsize to smaller homes. But the US has not built many smaller homes in most of the past 50 years.
Economy: Housing problems are all due to "boomers" because they are not moving to smaller homes. Reality: The US has not built smaller homes for 50 years.
The Federal Reserve cut interest rates today, it is said, because of concerns over the job market.
The media has a meme that home prices are high because "Boomers" are not downsizing. Except those 65+ are already in smaller homes - duh!
Apparently those making a lot are financially illiterate, as their "wants" grow with their salary.
Rates are currently similar to or even a bit lower than they were for a quarter century recently.
And why we've mostly bought used vehicles, paying cash.
This story blames Republicans for high ACA health insurance premiums - even though the ACA was designed, written, and implemented by Democrats.
The "tiny home" market is so tiny that it pretty much does not even exist.
This chart doesn't go with the social media memes on home prices, currently.
"Late stage capitalism" is a pop term on Gen Z online videos. The term is actually 100 years old ....