How Recent Interest Rate Hikes Are Affecting the Housing Market
The housing market has been on a wild ride in recent years, with prices skyrocketing and inventory levels plummeting. However, the recent interest rate hikes by the Federal Reserve are starting to cool things down.
Millennials Lead the Pack with Student Loan Debt: $1.71 Trillion in Student Debt and Millennials Continue to Struggle with Debt Overload. What Does it take to Purchase a Home and why Boomer Logic is so off?
It should come as no surprise that Millennials continue to lead the pack in terms of student loan debt. The average debt carried by a Millennial is over $40,000. According to the US Census per capita income is $34,103 and the amount of student loan debt is deeply troubling since it is higher than one […]
A Record Number of Young Adults Living at Home: Levels Not Seen Since the Great Depression.
The market is incredibly tilted against young Americans. $1.7 trillion in student debt is outstanding and most of that has taken a pause in the last year thanks to the pandemic. Most of that debt is in the hands of young Americans who are paying record high tuition costs and are unable to purchase homes […]
Subprime Auto Nation: American Households now Carry $1.34 Trillion in Auto Loans on an Asset that Depreciates While Covid-19 Creates Demand Destruction.
America is literally driving itself into debt. US households now carry a stunning $1.34 trillion in automotive debt. What is troubling about this is the amount of driving taking place has plunged courtesy of Covid-19 and much of our economy is built around driving. People take the morning and evening commute, and this was seen […]