Working families are resorting to scrapping metal and selling clothes to make ends meet.
The Federal Reserve’s report should serve as a major red flag for the White House that Trump’s economy is flailing.
If the conflict in Iran continues, nationwide gas prices could average between $3.50-$4.00, while CA drivers could see prices exceed $7 per gallon.
As our @AlexSJacquez tells @KPIXtv, “economically the damage is already done.”
Another important chart @millennial_debt and I feature in our new piece for @BorrowerJustice and @Groundwork.
Voters -- increasingly relying on debt to pay for essentials -- want a credit card interest rate cap. And the banks can't talk them out of it.
A record number of American workers are pulling money from their 401(k)s to cover financial emergencies. https://on.wsj.com/4aQTiXP
Everywhere you look across Donald Trump’s economy, debt is masking a fundamental weakness in families’ finances.
More from @millennial_debt / @borrowerjustice and @EmDiVito / @groundwork
Americans can't keep up with rising costs, going into debt to stay afloat.
A new @Groundwork @BorrowerJustice poll unpacks what it means at the kitchen table-- and the ballot box.
New from me & @EmDiVito today at IN DEBT, a @BorrowerJustice substack.
https://indebt.substack.com/p/the-mask-is-slipping-new-poll-shows
.@Newsweek with the scoop 👇
A 10% credit card interest rate cap is popular. But voters are skeptical it will actually happen.
“If a credit card cap were a priority for the Trump admin, it should have been signed into law months ago,” as @EmDiVito pointed out.
Gas prices jumped 11 cents overnight. Crude oil is nearing $85 a barrel.
As @AlexSJacquez told @nytimes: if this conflict drags on, consumers could face higher costs in “nearly every sector of the economy.”
This isn’t just about what you pay at the pump. It's groceries,
The gym is today’s economy in miniature, highlighting a widening divide between higher-income households & more price-sensitive consumers who are showing signs of financial strain.
In a K-shaped economy, corporations adapt to serve the wealthy — while working families are left
NEW POLL conducted by @dataprogress on behalf of us & @Groundwork finds strong, bipartisan support for efforts to cap credit card interest rates at 10%.
Even after hearing common bank lobby talking points nearly TWO-THIRDS of voters still favor a 10% cap.
If this WSJ piece made you worried about acute grid disconnections, wait until you hear about the risk of permanent ones.
@grayson_flood in @heatmap_news last week: https://heatmap.news/ideas/bring-your-own-generation
Breaking: A record number of American workers are pulling money from their 401(k)s to cover financial emergencies
A Willy Wonka whistleblower called out Reese’s for swapping the real milk chocolate & peanut butter in their iconic treats for lower quality ingredients.
We call it “skimpflation.”
@owenslindsay1 told @planetmoney that this is not only a popular tactic to deal with rising
Over the past 20 years, time spent on customer service calls has risen 60%.
Meanwhile, enforcement against bad actors has been “virtually nonexistent,” as @ChadMaisel told @USATODAY.
Some of life’s hassles are costing you big time! We quantified just how much every year:
🗑️ $90B in junk fees
📄 $21.6B in insurance paperwork
📱 $25B lost to phone scams
Your time is valuable. Corporations just found a way to monetize it.
