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Beiträge, die mit USEconomy getaggt sind


A sign of #economic turbulence—

‘Car owners are missing their monthly payments at the highest rate in more than 30 years.’

Catalysts:

🔘 A slowing economy

🔘 The ongoing effects of inflation

🔘 Rising car prices

In addition, consumer debt is surging while consumer confidence is declining.

/1 of 2

#USA #USEconomy #economics

https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades
Americans Fall Behind on Car Payments at Highest Rate in Decades Delinquencies on auto loans among subprime borrowers are spiking as consumers continue grappling with higher interest rates. in 7 K Vehicles at a dealership in Vallejo, California. Photographer: David Paul Morris/Bloomberg By Claire Ballentine March 6, 2025 at 10:00 AM EST

https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades

Accessed: 6 March 2025 at 1745 MST
Car owners are missing their monthly payments at the highest rate in more than 30 years. In January, the share of subprime auto borrowers at least 60 days past due on their loans rose to 6.56%, the most since the data collection began in 1994, according to Fitch Ratings. A slowing economy and the ongoing impacts of inflation have made it harder for many consumers to stay current on their bills. Auto loans have been a particular pain point, with higher car prices and elevated borrowing costs driving a surge in repossessions.

https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades

Accessed: 6 March 2025 at 1745 MST
The Federal Reserve Bank of New York recently reported that the share of auto loans among all borrowers that transitioned into serious delinquency - defined as 90 days or more past due - rose to 3% in the fourth quarter, the highest level since 2010.

https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades

Accessed: 6 March 2025 at 1745 MST


This after social security recipients received the smallest cost of living increase in years. This is also NOT #TRUMP'S DOING. This is the collapse of the #USEconomy he's been tasked with overseeing for the next four years, until another #fascists scumbag gets sElected.

"Most Americans say income is not keeping up with #inflation, CBS News poll finds"
https://www.cbsnews.com/video/most-americans-say-income-not-keeping-up-inflation-poll/


A #college sheepskin is a LOTTERY TICKET that POTENTIALLY allows one to have the connections and network that MAY get one a place in the upper middle class of the #USeconomy. The odds of that happening have DECREASED DRAMATICALLY over the last decade...

"23% of job-seeking Harvard MBAs who graduated last spring were still looking for work three months after leaving campus."

"MBA grads are struggling to find work"
https://unusualwhales.com/news/mba-grads-are-struggling-to-find-work #education #studentloans

https://unusualwhales.com/news/mba-grads-are-struggling-to-find-work


#Trump IMMEDIATELY ass-fucks his base of electoral support, ie. The struggling lower middle class. How? Almost every speck of lumber used in US home construction today comes from #Canada.

"How Trump's #tariffs could impact home construction prices"

https://www.cbsnews.com/video/how-trumps-tariffs-could-impact-home-construction-prices/ #USEconomy


Inhaltswarnung: US pol, resilience, comforting myself and maybe others too, covid


Inhaltswarnung: US pol, resilience, comforting myself and maybe others too


Since I'm not seeing any new posts from @rbreich on here - his post from Monday (1/27) afternoon says a lot about our tech world and it's inability to compete globally.

#USEconomy
#TechNews
#UnableToCompete

https://open.substack.com/pub/robertreich/p/american-capitalism-just-got-a-black


If you're one (like me) who will miss #PaulKrugman's columns in the #NYTimes
https://www.cjr.org/analysis/paul-krugman-leaving-new-york-times-heavy-hand-editing-less-frequent-columns-newsletter.php

… and who regrets that he doesn't have an active #Mastodon account …

… you can follow an #RSS feed of his Substack newsletter here on Mastodon = @paulkrugman.substack.com.

#Economics #USEconomy #USPol #USPolitics


Keep 'looking' kid. Your empire is collapsing around you and so is your 'dollar'. Invest in 'bling', NOT Crypto, and learn to barter/ trade. They're important skills for survival in your limited #economics 'future'🤣

"'Fake it until you make it’: Millennials are obsessed with looking rich, Wells Fargo study shows per FORTUNE

40% of #Millenials said it’s important to have visible signs of wealth, whether it be purchasing a fancy car, clothing, or place to live" https://unusualwhales.com/news/40-of-millenials-said-its-important-to-have-visible-signs-of-wealth-whether-it-be-purchasing-a-fancy-car-clothing-or-place-to-live-2 #USEconomy


"Sanctioning" the few allies America has... Canada supplies a YUGE(😎) percent of the lumber used in US home construction. Expect new housing costs to skyrocket. Afa Mexico, you may never be able to afford an Avocado again... for a start.

"JUST IN: Donald #Trump has just said: as one of my many first executive orders, I will sign all necessary documents to charge #Mexico and #Canada a 25% tariff on all products coming into the US"
Via @unusual_whales #USEconomy #Tariffs