American Economics Thread

[Sinnavuuty]

American Dream!!!

Part 46:

During the second quarter property sales were the lowest we have seen in 13 years…

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America’s spring homebuying season just hit its weakest point in over a decade — marking the slowest market since 2012 and sparking fears that a full-blown price collapse could be next.

Spring is traditionally the hottest time for pending home sales but that’s no longer the case in the now struggling US housing market.

In 2025, April through June brought the lowest sales in 13 years, according to Redfin.

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A shocking new survey that finds that 25% of American families are skipping meals to have enough money to pay their bills...

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Twenty-five percent of respondents say they or someone in their household has skipped meals to save money in the past year—numbers that rise to nearly 4 in 10 for Hispanics (41 percent) and nearly 3 in 10 for Blacks (29 percent). The youngest Americans surveyed, ages 18–34, are by far the most likely to have skipped meals to pay bills (38 percent), and rates were similarly high for those in households with income below $50,000 per year (39 percent).

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The same survey I cited earlier also found that millions upon millions of Americans are spending too much time worrying about their finances…

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A shocking 1 in 4 Americans (24 percent) say they spend at least three hours on a typical day worrying about their finances and ability to afford basic needs. More than 4 in 10 spend at least one hour per day. Millennials and GenZers are experiencing the greatest anxiety, with 56 percent and 50 percent, respectively spending one hour or more per day focused on financial concerns. While low- and middle-income Americans express the strongest financial concerns, one-third of those with incomes above $100,000 also spend at least an hour worried about their finances on a typical day.

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There are reports that electricity prices rose an average of 6% during the first half of this year…

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According to U.S. Bureau of Labor Statistics (BLS) data, the average price of electricity per kilowatt-hour has risen from $0.179 in January to $0.190 as of June—an increase of around 6 percent.

Between January and February, prices remained steady, according to BLS data. But between February and April, prices rose slightly to $0.181, and then marginally again in May to $0.182.

According to the BLS’s data, prices then jumped noticeably in June to $0.190.

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Almost everything is getting more expensive, and this explains why 83% of Americans are suffering from “inflationary stress”…

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A LifeStance Health survey released today reveals “stressflation” is affecting most Americans, with 83% reporting financial stress driven by inflation, mass layoffs, the rising cost of living, and recession fears. Millennials and Gen Z report the most significant mental health impacts.

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And a different survey found that more than 80% of middle-income Americans expect prices to keep rising…

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But two-thirds of middle-income Americans are bracing for a recession within a year.

More than eight in 10 expect prices to keep rising.

And nearly two-thirds of middle-income Americans who recently bought a home said they are living paycheck to paycheck.

 

[vincent]

Factory activity in the United States just contracted “at the fastest rate in nine months”…

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