Bidenomics in your mailbox
Bidenomics in your mailbox – American Thinker https://t.co/OkK8vPirQg
— Silvio Canto. Jr. (@silvio_canto) September 15, 2024
Over the last year, I’ve heard these stories from friends or friends of friends. In other words, more people are falling behind in their debt service. Let’s check this from the Wall Street Journal:
On top of soaring prices for groceries and just about everything else, people have been dealing with higher interest rates on their credit cards. The average rate as of May was 21.51%, according to Fed data, up from around 15% in 2019.
That helps explain why some are finding it harder to keep up with payments, particularly those who don’t earn so much. Around 9.1% of credit-card balances turned delinquent over the past year, the highest rate in over a decade, according to an August report from the Federal Reserve Bank of New York.
Then there is the matter of car loans:
Ally Financial Chief Financial Officer Russ Hutchinson said late payments and charge-offs on auto loans were higher than expected in July and August.
Borrowers at Ally, a major auto lender, “have been struggling with the cost of living and now are struggling with an employment picture that’s worse,” Hutchinson said.
Who knew that intense inflation would cause this?
Just this morning, I was listening to a show about buying a car and heard that a typical car payment is $750. How do people pay that? Well, I guess they can’t, as the lenders are figuring out.
I gotta tell you that I’m feeling OK. Our Altima is paid for, and my 2005 Focus just hit 200,000 miles. By the way, I plan to hold on to that one and give it to my grandson when he graduates from high school in 2038. It doesn’t have a fancy sound system, but he’ll get to baseball practice.
I don’t know how much this issue is being reported. We should hear about it the next time the candidates get questions. I hope that V.P. Harris does not tell us she is planning to give new buyers $5,000 to buy a car.
In the meantime, the bills are mounting up in what they call Bidenomics.
PS: Check out my blog for posts, podcasts, and videos.
Source: http://cantotalk.blogspot.com/2024/09/bidenomics-in-your-mailbox.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Humic & Fulvic Liquid Trace Mineral Complex
HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary new Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula.
This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting.
Order Your Humic Fulvic for Your Family by Clicking on this Link, or the Banner Below.
Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...
It’s OXYGENATED
It Always Tests at 9.5+ pH
Preservative and Chemical Free
Allergen Free
Comes From a Pure, Unpolluted, Organic Source
Is an Excellent Source for Trace Minerals
Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents
Highly Conductive/Full of Extra Electrons
Is a Full Spectrum Complex
Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.
Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.