With Federal Reserve data showing household debt climbing above $17 trillion, the average American household is just over $14,000 away from reaching a “breaking point” at which it will be unable to continue paying off loans, according to a study by WalletHub. The New York Federal Reserve reported on Aug. 8 that overall household debt […]
As inflation continues to strain household budgets, Americans find themselves regretting a variety of financial decisions. A new survey reports that almost half say their regrets have made them even more stressed this year than last. NTD’s Andrew Thomas has more on the findings.
Whether you’re trying to clean out your garage, create more living space in your living room or make it possible to once again to walk into your walk-in closet, then good news … your cleanup crew has arrived with a price tag you’re guaranteed to love.
Rising stock market prices pumped wealth back into Americans’ pockets at the end of last year, but declining property values, slowed credit growth, and a drop in corporate profits may show the influence of Federal Reserve rate hikes beginning to take hold. Household net worth rose 2 percent to $147.71 trillion in the fourth quarter […]
Federal debt soared by $1.4 trillion in 2022 as President Joe Biden and Congress approved multiple new spending packages. The Congressional Budget Office released the final details of federal spending in 2022 showing the federal government had a $1.4 trillion deficit last year, borrowing roughly $82 billion in December alone. “This is not a pretty […]
With rampant price inflation eating away at household budgets, U.S. consumers are saving less, using debt to keep their heads above water, and losing confidence in the economy. In April, the household savings rate tumbled to 4.4 percent, down from 6.2 percent in March, according to the Bureau of Economic Analysis (BEA). This is the […]
Pfizer announced Friday that a recent large, late-stage trial found that its COVID-19 antiviral pill, Paxlovid, failed at preventing symptomatic infection of people living with a person who has the disease. The trial enrolled 2,957 participants aged 18 and older who live in the same household as another person who has COVID-19 with symptoms. They were given either […]
The household income of Americans fell last year as COVID-19-related lockdowns wrought havoc on the economy, according to new figures from the Census Bureau. The median household income was $67,521 in 2020, a decrease of 2.9 percent from the 2019 median of $69,560 and the first significant decline since 2011, the Census said in its findings published Sept. […]
We encounter new kinds of technology on a regular basis, yet we rarely think about how certain everyday objects have existed in their basic forms for hundreds, even thousands, of years. We’ve put together a selection of the oldest known examples of household items that have survived up to the present day. It’s not out of the question that some of them might have appeared even earlier than these examples. […]
