In 1974, there was only $400 billion set aside in dedicated retirement vehicles. In the first quarter of 2023, that number had ballooned to $35 trillion. This is double the $17.8 trillion in 2007. ... Read More
For years, the fear of overpopulation was labeled a global threat. The actual problem seems to be underpopulation. ... Read More
Supply chains faced long wait times and extreme cost of goods during the COVDI-19 pandemic. As of July 2023, supply chains are showing their least stress of this century. ... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
Household debt in the U.S. rose to $17.05 trillion in the first quarter.... Read More
Credit utilization remains historically low, but is on the rise.... Read More
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.... Read More
The average third party collection totaled $1316 in the first quarter.... Read More
Household debt broken down by delinquency status... Read More
Credit card debt is now 10% higher than it was pre-pandemic.... Read More
Mortgage originations slowed markedly for the seventh quarter in a row.... Read More
The Fed's Q1 Senior Loan Officer Opinion Survey paints a picture of a banking industry that is seeing lower demand for loans, tightening lending standards, and increasing spreads on loans.... Read More
Pandemic-related stimulus measures created higher debt to GDP ratios around the world.... Read More
The Covid-19 pandemic highlighted global interdependence, pushing world leaders to bolster domestic production, resources, and investment. This de-globalization push has been underway since the Great Financial Crisis.... Read More
The wide spread between bank deposit rates and market rates is causing depositors to make the rational decision to seek higher-yielding alternatives. Many of these alternatives fall outside the components of M2. Money is leaving these components and M2 is falling at its fastest pace in over 80 years.... Read More
A historical look at the highest and lowest tax brackets since 1913... Read More
How have the different forms of taxes funded the U.S. government throughout the years?... Read More
Those with an AGI under $100,000 account for roughly 15% of all income taxes collected in the U.S., while those with an AGI above $1 million account for roughly 33%.... Read More
The average taxpayer in the U.S. paid 14.12% on their adjusted gross income between 2001 and 2020.... Read More
A look at each state's income tax as well as sales tax rates... Read More