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Tag Archives: economy

Mortgage applications tumble to lowest levels in three decades

mortgage applications

As monthly mortgage payments reached a record high, mortgage applications fell to their lowest level in nearly 30 years. Redfin reports that mortgage payments have reached a near-record high due to over ...

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Business bankruptcies highest in 13 years

bankruptcies

Corporate bankruptcies in the United States this spring, based on the latest reports, with the first five months of 2023 seeing the highest number of filings since 2010. Filings from Serta Bedding ...

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Technology pressures consumers to tip at self-checkout

tip

Families squeezed by high inflation now are being asked to leave a tip even at many self-checkout kiosks. Many companies, including airports, bakeries, coffee shops and sports stadiums, have now introduced the ...

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Christians take out payday loans despite excessive interest rates 

christians payday

More than one-third of Christians in states that don’t regulate payday loans say they have obtained them, despite believing that charging excessive interest is a sin. In a recent survey, Lifeway Research ...

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U.S. households added $320 billion in debt last year

households debt

U.S. households continue to struggle, adding $320 billion in debt last year.  It marks the highest level since the 2008 financial crisis which saw millions lose their homes. Households owe a combined ...

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Used car prices in historic spike as new car prices up 42%

used car

February is seeing the sharpest increase in used car prices in 14 years as the economy continues to struggle under historic inflation. From January through the Feb. 15, wholesale used-vehicle prices increased ...

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Rethinking the question, ‘Are you for the rich or poor?’

for poor

Are you for the poor? Most people are conditioned to respond “Yes” to that question. It makes you feel good, doesn’t it? Are you for the rich? Most people are conditioned to ...

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Financial decisions now can pay dividends in the coming year

taxes credit

The week between Christmas and New Year’s is a good time to not only take down the decorations but also plan for the coming year. David Ragland, CEO of IRC Wealth and ...

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Government over-reported job growth numbers by 99% this year

job growth

The government has been caught spiking job growth numbers.  In investigative research by the Federal Reserve Bank of Philadelphia, job numbers released by the Bureau of Labor Statistics (BLS) were inflated by ...

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Home values drop, new construction down 60 percent

home sales canadians housing drops home mortgage applications

Home real estate prices continue to drop but there could be much more to come, data and economists say. The median home price has dropped by about 7 percent since its peak ...

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TV host Mike Rowe concerned about number of men not working

rowe

The nation is facing a crisis of men who not only don’t work but are not seeking jobs, television host Mike Rowe told Tucker Carlson on “Tucker Carlson Tonight.” Seven million able-bodied men ...

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Economy impairs ministries providing Thanksgiving meals

thanksgiving meals

High inflation and a slow economy are making it harder for local shelters to feed the needy this Thanksgiving. Shelter KC, which will serve nearly 4,000 meals this week, is feeling the ...

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Judge rules Biden college debt bailout ‘unconstitutional’

second amendment conscience debt bailout

President Joe Biden’s student debt bailout is unconstitutional. A federal judge struck down the corner piece of Biden’s policy objective that was estimated to cost hundreds of billions of dollars. U.S. District ...

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Political experts share predictions for outcome of Tuesday’s elections

political predictions

Voters finally will go to the polls on Tuesday to determine the makeup of the U.S. Senate and House, as well as the governorships of several key states. Fox News asked political ...

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As a millennial I paid off $20,000 of debt in 6 months

millennial debt

It seems as if it’s almost impossible for a Millennial or GenZ to get ahead financially these days. Record inflation, insane gas prices, and a tough housing market are just a few ...

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Troubled economy has hurt churches, slight majority of Protestant pastors say

economy inflation graph finances

Just more than half of Protestant pastors in the United States believe current economy is having a negative impact on their churches, a new survey from Lifeway Research found. By contrast, just ...

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Gov. Mike Parson signs tax cut for Missouri families and farmers

missouri cut

Missouri families battling record inflation will find some financial relief at tax time. Gov. Mike Parson signed legislation to cut personal income taxes in the state. He also signed HB 3 into ...

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Germans panic buying electric heaters as winter gas shortage looms

germans heaters

Typically stoic Germans are rushing stores in an attempt to purchase electric heaters ahead of winter. The panic buying comes as German authorities issue apocalyptic warnings about shortages of natural gas as ...

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When the credit card debt bubble bursts

card debt

Inflation still isn’t letting up, and it’s a top concern for Americans right now. But we just learned of yet another way surging prices are hurting families—leading them into huge amounts of credit ...

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Americans for Prosperity rallies in support of tax cuts in Missouri

governor tax support

Missourians gathered in Jefferson City last week to support tax cuts and agricultural tax credits in a rally sponsored by Americans for Prosperity The Real Tax Cut Rally promoted proposed income tax ...

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Have we reached the point of crisis news fatigue?

crisis news

The news does not lack from a daily stream of crisis coverage. But there are ways to stay engaged and not become numb to needs. When Vladimir Putin launched a full-scale invasion of ...

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$1 now worth just 88 cents while Biden claims inflation has risen “hardly at all”

88 cents

$1 at the start of the Biden administration is now worth just 88 cents. The devastating news for millions of families comes as the Federal Reserve again raises interest rates to stem ...

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Mortgage interest rates surge past 6% with no signs of stopping

mortgage interest

The average interest rate on the most popular U.S. home loan rose above 6 percent for the first time since 2008 and is now more than double the level it was one year ago, ...

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Every American taxpayer will pay $2,500 to cover student loan ‘forgiveness’

imf, missouri lockdowns, student, taxpayer

Every American taxpayer will pay $2,500 to cover the cost of President Joe Biden’s student debt “cancellation” plan. That’s the shocking accounting study conducted by the National Taxpayers Union Foundation (NTUF). Biden’s ...

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More Americans than ever report “suffering,” new Gallup poll finds

americans suffering

More Americans than ever say they are suffering, according to the Gallup’s Life Evaluation Index for July. “Since reaching a record high in June 2021, life ratings among American adults have steadily ...

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