by Daniel White | Jan 13, 2025 | Economy
January 13, 2025 The U.S. budget deficit soared to $258 billion in October. It was one of the biggest monthly deficits on record. Debt as a percentage of economic output (gross domestic product) has increased to 121%. That means we spend $1.21 for every $1 of economic...
by Daniel White | Nov 11, 2024 | Economy
November 11, 2024 The “two Americas” problem is getting worse. Most working-class Americans are suffering because of the country’s disastrous runaway government spending that’s inflating away real wages. Car repossessions are soaring as credit card...
by Daniel White | Jul 17, 2023 | Economy
July 17, 2023 We know the Federal Reserve has been raising interest rates to get inflation under control. One result of these efforts is that many older Americans are unretiring due to inflation and worsening financial positions. According to a recent survey by...
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,...
by Daniel White | May 8, 2023 | Economy
May 08, 2023 Congress may increase the full Social Security retirement age to 70. What are the implications? When the retirement age was lifted in France, citizens protested. It remains to be seen whether that will happen here, but something must give because...
