Savings Rate Nears 65-Year Low, Signalling Pivot on Horizon

Fed pivot is coming as the savings rate hits bottom

The savings rate in the United States is just 0.1% above its all-time low going back to 1959! In yet another significant drop, the savings rate reached just 2.3% in October. While that represents the lowest rate since 2005, it is only 0.1% above the lowest rate recorded in the past 63 years! If the […]

Read More…

10 Million More Americans Enter Poverty Between 2019 and 2021

poverty rate continues to increase in the U.S.

Rising inflation and interest rates are driving millions of Americans, once middle-class citizens, into the chains of poverty. The poverty rate in America and countries worldwide are soaring, and almost no one is talking about it. The signs are all around us: record high food bank usage, climbing foreclosures (lenders started foreclosures on 67,249 U.S. […]

Read More…