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Consumer debt at record in 2019 – above financial crisis levels

While the US economy is very strong, with a record low unemployment rate, increasing incomes, and more available jobs than people to work them, it is unfortunate that consumer debt is at a record high, even above the level prior to the 2008 financial crisis. It has been steadily increasing for the last several years. This debt level is one bad data point in the otherwise strong economy. As we have reported on, when the job market and economy are at record levels of strength, as they are today, people …

Tariffs impact – low income families

Tariffs have been in effect for several months now. Not only will the rate on billions of dollars of Chinese imports soon to be increased to 25%, but there may also be tariffs placed on hundreds of billions of dollars of additional imports later in 2019. Low income families or those that live paycheck to paycheck (which is most Americans) should start to plan now for higher costs. We do not write about politics. This site and blog is not meant to be political, so we will not write whether …