This has been a transitory year, from the pandemic to inflation, and now possibly to recession. The Fed just raised interest rates by 0.75% in hopes of stemming inflation. Will it work? Or will it kick start an economic dip? We will see. But negative economic indicators are all around […] Read more »
Americans support student loan forgiveness, but would rather rein in college costs
As President Biden inches toward an announcement on federal student loan forgiveness, a new NPR/Ipsos poll has found slightly more than half of Americans support what has been reported to be Biden’s likeliest path: forgiving up to $10,000 per person. But an overwhelming majority – including a majority of those […] Read more »
Sick and struggling to pay, 100 million people in the U.S. live with medical debt
Elizabeth Woodruff drained her retirement account and took on three jobs after she and her husband were sued for nearly $10,000 by the New York hospital where his infected leg was amputated. Ariane Buck, a young father in Arizona who sells health insurance, couldn’t make an appointment with his doctor […] Read more »
Fox News Poll: More voters put trust in Republicans to handle inflation, crime
A large majority of voters say the economy is in bad shape. Two-thirds are pessimistic about conditions. Gas and grocery prices are a major problem for most families. And a growing number of voters feel they are losing ground financially. That’s the grim backdrop for the upcoming midterm elections, according […] Read more »
Egad! It’s a guide to the 2022 midterms
Egad is one of those fusty words that you associate with Dr. Watson in a Sherlock Holmes mystery or P.G. Wodehouse mocking the British aristocracy. But taken as the acronym EGAD, it becomes a handy guide to the 2022 midterm elections. Just four months until early voting begins in earnest, […] Read more »
Economic Optimism Crashes To 10-Year Low As Inflation Surges, S&P 500 Dives
Americans are more pessimistic about the U.S. economy than they’ve been in more than a decade, as inflation cancels out wage gains and the S&P 500 slides into bear market territory, the June IBD/TIPP Poll finds. The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, sank 3.1 […] Read more »