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Consumer Credit Stress: What The Data Really Shows
Consumer Credit Stress: What The Data Really Shows
Authored by Lance Roberts via RealInvestmentAdvice.com,
A viral stat claims credit card delinquencies just hit their worst level since 2008. However, the New York Fed’s own data shows the opposite, and the real consumer credit stress is hiding exactly where the headlines aren’t looking.
A number has been making the rounds all year, and it’s misleading. The claim: roughly 13% of credit card balances are 90 days or more past due, the worst since 2008. Here’s the twist. That number is real, and it...
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Sep 29, 2026 / Tyler Durden
Democrats Split On Whether To Impeach Trump Again If They Win The House
Democrats Split On Whether To Impeach Trump Again If They Win The House
Authored by Chase Smith via The Epoch Times,
House Minority Leader Hakeem Jeffries (D-N.Y.) said on Sept. 28 that Democrats would put lowering costs first if they win the House in November.
But he did not rule out impeaching President Donald Trump, as members of his party are split publicly on whether to try for that a third time.
Asked on CNBC's "Squawk Box" how much of a Democratic majority's next two years would be spent on hearings about Trump,...
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Mar 22, 2026 / Tyler Durden
US Treasury To Partner With Education Department To Collect Student Loan Debt
US Treasury To Partner With Education Department To Collect Student Loan Debt
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
The U.S. Department of the Treasury and the Department of Education (ED) jointly announced a new partnership under which the Treasury will assume responsibility for collecting on defaulted federal student loan debt, according to a March 19 joint statement from the departments.
Secretary of Education Linda McMahon speaks outside the U.S. Supreme Court in Washington on Jan. 13, 2026. Madalina Kilroy/The Epoch Times
The Federal Student Assistance Partnership will enhance the...
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Oct 30, 2026 / Tyler Durden
The New American Housing Divide: Those With Family Assets And Those Without
The New American Housing Divide: Those With Family Assets And Those Without
Authored by Martin Armstrong via The Burning Platform,The American dream of homeownership is becoming increasingly dependent upon whether your parents have assets. A new analysis from Rocket Mortgage found that the share of home buyers under 35 purchasing property with a co-applicant over 55 increased 21% between 2018 and 2025, to about one in 30 younger buyers. Meanwhile, total home purchases among Americans under 35 have declined 15% over the same period. The cost of entering the housing...
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