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
A comparison of taxes across the globe... Read More
Small banks provide a major portion of total bank loans in the U.S. If deposits continue to flee for larger banks, the economy could lose a significant source of funding.... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
Federal debt held by the public is on pace to surpass 100% of GDP by the end of 2024. Much of this is due to rising carrying costs.... Read More
The U.S. government hit the debt ceiling on January 19, 2023. The Treasury enacted "extraordinary measures" to keep the government funded. While political theater amplifies fears around the debt ceiling, it is very unlikely Congress will allow the U.S. to default on its debt. ... Read More
Household debt in the U.S. rose to $16.90 trillion in the fourth 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 $1237 in the fourth quarter, just off the lowest level since Q4 2006.... Read More