Category Archives: Business & Economy

63% Of All U.S. Jobs Created Since 1990 Have Been Low-Wage Jobs

63% Of All U.S. Jobs Created Since 1990 Have Been Low-Wage Jobs

Since 1990, the U.S. economy has produced millions of jobs, but nearly two-thirds of them have been low wage jobs. Of course this is one of the biggest factors causing the systematic erosion of the American middle class. Today, half of all U.S. workers make less than $33,000 a year, but meanwhile the cost of living has been steadily increasing.

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Nearly Half Of US Consumers Report Their Incomes Don’t Cover Their Expenses

Nearly Half Of US Consumers Report Their Incomes Don’t Cover Their Expenses

Low-income consumers are struggling to make ends meet and if a recession strikes or the employment cycle continues to decelerate — this could mean the average American with insurmountable debts will likely fall behind on their debt servicing payments. A recent report that showed that 44% of consumers don’t make enough money to cover their expenses.

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Sub-Prime Auto Credit Deteriorates In July, Says Report

Sub-Prime Auto Credit Deteriorates In July, Says Report

Kroll Bond Rating Agency (KBRA) published its Auto Loan Indices for July and reported deteriorating credit conditions for non-prime auto and prime loan pools. In July, losses climbed on both MoM and YoY basis. Annualized net losses rose 67bps MoM and 25bp YoY to 7.30%, while the percentage of borrowers that were two months late increased to 4.41%

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Student Debt Crushes Home-buying Dreams For Millennials , Now Delayed 8 Years

Student Debt Crushes Home-buying Dreams For Millennials , Now Delayed 8 Years

The life-altering impacts of student loan debt on millions of millennials is debilitating towards their financial health. At least 60% of millennials have no savings, and their poor financial health has contributed to the reason why so many young adults can’t afford a down-payment on their first home. About 40% of millennials have student debt, according to the AARP, and Clever Real Estate says the student debt has delayed home buying by eight years for millennials.

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There Are Now More Than 5,000 Bitcoin ATM’s Around The World

There Are Now More Than 5,000 Bitcoin ATM’s Around The World

The total number of bitcoin ATMs (BTMs) worldwide reached 5,000 for the first time. There are now 5,006 standalone BTMs in around 90 countries, where cryptocurrency users can buy or sell bitcoin (BTC). Some machines offer both services simultaneously. A deal earlier in the year involving coin counting kiosk operator Coinstar brought bitcoin functionality to over 2,200 U.S. locations. The U.S. currently has more than half of the world’s BTMs at 3,229, with a new pilot scheme this month bringing the machines to Circle K convenience stores in Arizona and Nevada.

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Which US States Are Most Exposed To China And Mexico Tariffs

Which US States Are Most Exposed To China And Mexico Tariffs

JPMorgan recently examined what types of goods the US imports from China and Mexico and where they go. While it is still too early to see much reaction to the news on trade policy from recent weeks in the economic activity data, JPM thinks that “understanding the cross section of goods imports will be useful in observing effects of the tariffs over time.

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