Category: Business & Economy

Suicide rates are rapidly expanding in almost every state, as it now becomes the 10th leading cause of death in the US and is one of three leading reasons that are on the rise. The CDC discovered that in recent years suicide rates were the highest among males in construction jobs and the highest for females working in arts, design, entertainment, sports, and media.  Is the evisceration of the middle class over the last thirty years finally taking its toll?

Consumers might not be able to save the economy which is expected to enter a slowdown in early 2019. Consumer credit cards and debt have recently hit all-time highs, during a period of rising interest rates which could create a squeeze, thus reducing their ability to buy things this upcoming holiday season.

In coming years, interest payments on debt will increasingly pull money away from programs like Medicare and military spending.

State and local governments face a $5 trillion dollar unfunded pension liability. In other words, politicians promised workers $5 trillion in retirement benefits, but government doesn’t have the money.

A new FICO scoring system is about to roll out in 2019. The new score is going to be called the UltraFICO and is being designed to specifically boost the number of approvals for credit cards and loans just as consumer debt is about to reach an all-time high of $4 trillion by the end of 2018.