American Economics Thread

Sinnavuuty

Sinnavuuty

Captain
Registered Member
Sinnavuuty said:
American Dream!!!
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Part 43:
We just learned that used home sales have fallen to their lowest level in nine months…
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Sales of previously-owned homes in the United States hit their lowest rate in nine months, according to industry data released Wednesday, as high home prices and mortgage rates weighed on the market.

Existing home sales dropped by 2.7 percent last month to a seasonally adjusted annual rate of 3.9 million, said the National Association of Realtors (NAR).
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It's being reported that millions of Americans with existing health plans will be hit by "double-digit rate hikes" next year...
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Consumers who buy health insurance through the Affordable Care Act marketplace will likely face double-digit rate hikes next year.

Insurers plan a median premium increase of 15% for 2026 plans, which would be the largest ACA insurance price hike since 2018, according to a Peterson-KFF Health System Tracker analysis published on July 18.

And many working-age consumers who get their health insurance through the workplace won't be spared, either. Benefits consultant Mercer said more than half of big employers expect to shift a larger share of insurance costs to employees and their families next year by raising deductibles, copays, or out-of-pocket requirements.
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More Americans than ever are using “buy now, pay later” loans to pay for grocery purchases…
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25% of BNPL users say they’ve used the loans to buy groceries. That’s up from 14% just a year ago, amid rising prices at the supermarket. One-third of Gen Z BNPL users say they've done so, making it the fourth-most common BNPL purchase for that age group, trailing clothing, technology and home decor.
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The official inflation rate has just increased at the fastest pace we've seen in 5 months...
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Consumer prices in June posted the biggest increase since the beginning of the year and are likely to keep the Federal Reserve from cutting interest rates later this month, but there were only scattered signs of tariff-related inflation.

The consumer-price index rose 0.3% last month, the government said Tuesday, and matched Wall Street’s forecast. It was the biggest rise since January.
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A recent survey revealed that 23% of Americans have decided to delay retirement. This number is up from 14% last year…
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Older Americans are kicking the can down the road on retirement over concerns about the economy and their own financial readiness to step back from work.

That’s according to a new survey from F&G Annuities & Life, which polled 2,000 U.S. adults over 50 years old. The life insurance and annuities company found that 23% of those polled have already decided to delay their retirement as they grapple with questions about their financial readiness, up from 14% in 2024.

The findings come at a time when the median savings of 55-year-olds is just $50,000, far from enough to fund a secure old age, according to another recent study by Prudential Financial.
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The percentage of the U.S. population facing food insecurity has nearly doubled in the past four years…
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In May, 15.6% of adults were food insecure, almost double the rate in 2021. At that time Congress had beefed up SNAP benefits and expanded the Child Tax Credit driving down poverty rates, and giving people more money for food.
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The CDC just announced that the US birth rate has dropped below 1.6 children per woman by 2024...
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The United States’ total fertility rate fell to a record low in 2024, dipping below 1.6 children per woman, according to new federal data released Thursday by the Centers for Disease Control and Prevention (CDC). This marks a significant demographic milestone for a country that once stood apart among developed nations for maintaining a replacement-level birth rate of around 2.1 children per woman.
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Even default rates for high-income families have been rising...
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Upper-income Americans are increasingly falling behind on credit card and auto loan payments, signaling an underlying vulnerability in the US economy as the labor market slows.

Delinquencies on such debts from those making at least $150,000 annually have jumped almost 20% over the last two years, faster than for middle- and lower-income borrowers, according to the credit-scoring firm VantageScore. A recent Federal Reserve Bank of St. Louis study found the share of people making late card payments in the highest-income zip codes has risen twice as much over the last year as in the lowest-income ones.
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The average U.S. family has more than $6,000 in credit card debt…
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The average U.S. household has $6,120 in credit card debt.
Total U.S. household credit card debt is currently at $1.18 trillion, making up 6% of all household debt.
Washington, D.C., carries the highest level of credit card debt per capita at $5,360 on average, while Mississippi carries the lowest at $2,940 on average.
Americans aged 65 to 74 have more credit card debt than any other age range, coming in at an average of $7,720 in debt.
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Sinnavuuty

Sinnavuuty

Captain
Registered Member
Nevermore said:
No offense, but are these true? I don't know much about the US economy, and these articles look like the American version of the theory of national collapse. :eek:
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There's a huge discrepancy between the real economy and the manipulated statistics. This is quite ironic, considering that it's Westerners, and especially Americans, who accuse China of manipulating its economic data, with some analysts even estimating the Chinese real economy to be 40-50% smaller than reported.
 
CaribouTruth

CaribouTruth

Junior Member
Registered Member
siegecrossbow said:
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May’s estimated 144,000 net gain was revised down by 125,000 to 19,000; and June’s preliminary tally of 147,000 was slashed by 133,000 to 14,000, according to data released Friday from the Bureau of Labor Statistics.

A 90% downward revision. These are truly baffling numbers. No summertime hospitality boom either.
 
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
Sinnavuuty said:
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Trump removes official overseeing jobs data after dismal employment report​


Unemployment rises in the US and Trump fires statistics official. Welcome to the United Socialist States of America, with Comrade Josef Trump.
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Also, lmfao!!!

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As I said earlier Trump should’ve let the economy fail big and fail early back in February/March so he could pin the blame on Sleepy Joe. Now he is gonna get blamed 250 percent by the Blue MAGAs when he is only 125 percent responsible for the current predicament.
 
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