American Economics Thread

Sinnavuuty

Sinnavuuty

Captain
Registered Member
Sinnavuuty said:
American Dream!!!
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Part 63:

During a recent segment on Fox Business, viewers were able to see just how much some of McDonald's most popular menu items have increased in price between 2019 and 2024…
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Since 2019, the annual income needed to buy a median-priced home in rural U.S. areas has more than doubled…
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To buy a median-priced home in rural U.S. areas, homeowners need an annual income of $74,508, a staggering 105.8% increase compared to the period before the COVID-19 pandemic. Before the pandemic, rural homebuyers needed to earn just $36,206, according to Redfin's analysis, which compares the third quarter of 2025 with the third quarter of 2019.

The income needed to buy a median-priced home in suburban areas increased by 90.9%, reaching $102,120 during the same period. Previously, potential buyers needed an annual salary of just $53,482. Meanwhile, the income needed to buy a home in urban areas rose by 87.5%, reaching $118,300. Before the pandemic, buyers needed an annual salary of $63,103.
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Vehicle prices have also soared to unprecedented levels…
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Car prices are trending upward, and the average cost of a new car has hit a historic high, approaching the $50,000 mark for the first time.

According to Edmunds data, the average transaction price of a new vehicle in October was $49,105.
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During the first seven months of this year, the number of corporate bankruptcies in the United States reached its highest level since the start of the pandemic…
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The United States recorded a sharp increase in corporate bankruptcy filings in July, according to a recent report, reaching a post-COVID peak and indicating that 2025 is expected to surpass last year's total.

S&P Global Market Intelligence, the research and data arm of the credit rating agency, found that bankruptcy filings for large public and private companies rose to 71 last month, up from 66 in June, marking the highest monthly number since July 2020. To date in 2025, the total of 446 bankruptcy filings is the highest for this seven-month period since 2010.
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Investopedia has determined that approximately $5 million is now needed to live the American dream for a lifetime…
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Investopedia, a financial journalism website, uses similar calculations to estimate the amount a family should have in emergency savings (about $35,000 on average) and the lifetime costs to achieve the American dream (approximately $5 million).
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Right now, the accelerated rise in electricity bills is being widely reported…
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The numbers are as alarming as a gray November sky. Household spending on electricity for heating is projected to increase by 10% this winter, exceeding $1,200. Utility companies have requested a $29 billion rate increase in the first half of 2025, double the increase from last year. Residential electricity rates rose 6.6% year-over-year through June 2025, according to Utility Dive, after already increasing by almost 30% between 2021 and 2024.
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Challenger, Gray & Christmas reports that American employers announced a total of 1.17 million job cuts in the first 11 months of 2025. This represents a 54% increase compared to the first 11 months of last year…
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According to a new report from the job placement firm Challenger, Gray By Christmas, US-based employers have already cut more than 1.17 million jobs in 2025, the highest level since the first year of the COVID-19 pandemic.

From January to November of this year, employers cut 1,170,821 jobs, a 54% increase compared to the 761,358 jobs cut during the first 11 months of 2024.
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The number of international visitors to Florida has fallen by 38% in just one year…
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The numbers are brutal. The number of international visitors to Florida has fallen by a staggering 38% in just twelve months. Hotel bookings from Orlando to Miami have plummeted 27%, creating what experts call a "post-pandemic crisis without a pandemic."

But it's not just about empty hotels and quiet theme parks. It's about the human stories behind these statistics. Workers who have built their careers around tourism now face an uncertain future. The problem is deeper than just the decline in the number of tourists—it's about systemic vulnerabilities in economies dependent on tourism.
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According to a renowned economist, the US economy is now “in a jobs recession”...
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“The US economy is in a jobs recession,” said Heather Long, chief economist at Navy Federal Credit Union. “The country has created only 100,000 jobs in the last six months. Most of those jobs were in healthcare, a sector that is almost always hiring due to the aging American population.”
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