Millions of Americans believed that their student loans would be forgiven per the promises made under Biden Administration. Then there was a period of student loan forgiveness that began during the COVID era when countless people found themselves unemployed. Payments have resumed but 9.2 million (43% of federal loan borrowers) have fallen over 90 days […]
American households have been unable to pay off their debts. The Federal Reserve Bank of New York recently reported that household debt has reached a new all-time high at $18.04 TRILLION. Americans acquired an additional $93 billion in outstanding payments during Q4 of 2024, with half of this debt finding its way onto high […]
Tariffs are on, tariffs are off, tariffs are delayed—the confusion surrounding world trade has Americans on edge. The University of Michigan’s sentiment survey for March shows a massive plunge in consumer confidence “across all groups by age, education, income, wealth, political affiliations, and geographic regions.” Consumer sentiment dipped 11% for the month to 57,9, marking […]
According to the Treasury Department, America’s deficit surpassed the $1 trillion mark this February. The deficit reached $307 billion for the month, marking a 2.5X increase on a monthly basis and 3.7% higher on an annual basis. The deficit for the first five months of FY25 hit $1.15 trillion, a $318 billion increase (+38%) from […]
Veterans Affairs Secretary Doug Collins announced that his department saved $900 million after viewing a mere 2% of government contracts. There are unfounded fears that the Trump Administration will cut veteran benefits or health care. Instead, these measures will provide the government with more aid for our veterans by eliminating government waste. The VA outsources […]
https://www.armstrongeconomics.com/wp-content/uploads/2025/02/Luna.mp4 COMMENT #1: Marty: You are always in the middle of everything. You endorsed this young girl and look at her rising. Your daughter said you picked the triple crown winner just by looking at the TV screen, and you don’t play the horses. You have an uncanny eye. DG COMMENT #2: Kids, There are […]
President Donald Trump directed the Treasury Department to cease minting pennies. The penny has been circulating for 233 years, first established in 1792. Trump has been against the creation of a CBDC, but this move is clearly one massive step illustrating the long-term trend of inflation. More than that, the penny was the descendant of […]
Federal Reserve Chairman Jerome Powell and Donald Trump face off once again. The two have notoriously butted heads over interest rates, as Trump has accused the Fed of stifling economic growth by raising the cost of borrowing. Speaking at Davos, the president said he would “demand that interest rates drop immediately.” We all know the […]
The population of the United States grew by 1% to 340.1 million in 2024, according to the US Census Bureau, marking the largest population increase since 2000. The nation has added nearly 58 million over that 24-year period, but there certainly has not been a baby boom. The birthrate in America has been declining for […]
Credit card defaults in the US skyrocketed by 50% in the past year. Credit card defaults reached $46 billion in the first nine months of 2024, a level not seen since 2010. The cost of living has simply surpassed manageable levels for the majority of households. Americans are feeling the impact of inflation and compounding […]
