by Daniel White | Jun 26, 2023 | Economy
June 26, 2023 How much does the typical American family spend a year? The answer – $69,732 in 2020, per the “Consumer Expenditure Survey” from the U.S. Bureau of Labor Statistics – was surprising. Many Americans are unaware of how much they spend and what...
by Daniel White | Jun 19, 2023 | Economy
June 19, 2023 Americans with good credit are being penalized while bad credit habits are being rewarded. To impart more social justice into the home ownership market, President Biden has implemented a new policy which can penalize home buyers with good credit and...
by Daniel White | Jun 12, 2023 | Economy
June 12, 2023 I’ve heard how people are worried about the U.S. dollar losing its status as the world’s reserve currency. They point to changing dynamics, like oil market deals. I don’t buy it. There’s long been speculation over the dollar, but it has...
by Daniel White | Jun 5, 2023 | Economy
June 5, 2023 The U.S. exceeded the current debt ceiling in January. Since then, “extraordinary measures” have been authorized to pay the bills, but they’re supposed to run out this month. That could mean default. The outcome is predictable. Democrats and Republicans...
by Daniel White | May 22, 2023 | Economy
May 22, 2023 We’re in a good news-bad news situation economically. The good news is inflation dropped to 5.0% in March, which is down from its 9.1% high in June 2022. The bad news is the American credit bubble is back because of the Federal Reserve’s...
by Daniel White | May 15, 2023 | Economy
May 15, 2023 There’s a retirement problem in America. That is, not enough people are adequately preparing for life after they stop working. Credit Karma did a survey recently that found almost 20% of Americans aged 59 and up have no retirement accounts. Even worse,...
