[Yahoo! Finance] The U.S. job market is poised for a rapid slowdown as economic growth cools, Goldman Sachs warned in a new report. “We continue to expect that the slowing economy will lead job growth to fall sharply to 150k/month in 2022H2 and to 60k/month in 2023, causing the unemployment […]
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[New York Post, TikTok/Facebook] A Georgia couple gave up a 2,000-square-foot home for an 860-square-foot Home Depot shed. Nick Lucido and his wife, Meghan, found themselves in financial trouble, which forced them to sell their home in the town of Cumming. “We never missed a mortgage payment,” Nick told The […]
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[NPR, AP] These days Ari Brooks is trying really hard not to think about mortgage rates. “I try not to, because it gives me a lot of anxiety,” she says. Brooks and her family live just outside Boise, Idaho, which has turned into one of the toughest places in the […]
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[NBC NEWS, Getty Images] Congressional child nutrition waivers that allowed for free meals in school and other food assistance measures are expiring June 30. Advocates say it couldn’t come at a worse time. A federal waiver that made school breakfasts and lunches free to students regardless of their family’s income […]
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[Yahoo! Finance, Kotaku] The GameStop in the Gateway Mall in Lincoln, Nebraska is one of the busiest around, at least according to the person who used to run it. But over the weekend it was closed after four employees decided to walk out and never return over what he says are bad […]
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[Business Insider] The average gallon of gas in the US hit a high of $4.59 Tuesday, about 51% higher than a year ago. Demand on a four-week rolling basis was its lowest for this time of year since 2013, excluding 2020. Costs and a demand slowdown could dash hopes for […]
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[Fortune, Getty] Not only are Americans not saving as much as they were in 2020 and 2021, but now they’re spending some of the cash they set aside. Through the economic turmoil of the coronavirus pandemic, there was one bright spot: Between lockdowns, stimulus checks, and unemployment benefits, many Americans were […]
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[Yahoo! Finance, Getty Images] America’s middle class has been shrinking over the past 50 years as rising inequality pushes more households into the upper- and lower-income brackets. The share of aggregate household income held by the middle class has plunged since 1970, according to recent research by Pew Research Center, squeezing […]
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[The Atlantic] But no, we’re not headed for anything even close to 2008. If you’ve tried to buy a home in the past two years, you have my most profound sympathies. Your experience has probably gone something like this: You found your dream home online; sent photos around to your […]
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[MarketWatch, Getty Images] Has competition already fallen, and will it continue to do so? Mortgage rates on 30-year fixed rate loans have climbed from about 3.5% earlier this year to upwards of 5.6%, and pros say they may go higher (see the lowest mortgage rates you can qualify for here). […]
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