Seven-in-10 renters say they can’t afford to buy a home yet (30%) or have given up on ownership (41%)
from Angus Reid
October 21, 2024 – As Canadians absorb the implications of another change in the inflation rate – down to 1.6 per cent – many are beginning to wonder what it will mean for their financial futures and pursuits of home ownership. For some, however, relief is lagging behind this key macroeconomic indicator.
Data from the non-profit Angus Reid Institute finds persistently high grocery and rental costs, which have bucked the overall downward trajectory of broader inflation, continue to put immense pressure on lower-income households. Overall, 51 per cent of Canadians say it remains a challenge to keep up with their household food needs, a proportion that has remained relatively consistent since it rose to this level in late 2021. Among those whose annual household incomes are lower than $50,000, the number having a difficult time rises to two-thirds (65%).
A former Target executive and retail expert is warning of a not-so-jolly holiday shopping season as Americans struggle in President Joe Biden (D) and Vice President Kamala Harris’s (D) economy.
The corpse of King Louis XV was still warm when his son and successor, 19-year old Louis XVI, started cleaning the royal house.
After two decades spent as loyal customers to Liberty Mutual, a California couple recently discovered that the insurer had decided to cut ties, sending Janice and Anthony Coleman a “non-renewal” letter when solar panels on the roof were mistaken as moss, mildew, and algae growth. Here’s the story, from a report via Yahoo News:
People working in Washington, DC, are spending a lot of money on lunches as inflation continues to batter Americans in the Biden-Harris (D) administration’s economy.
LONDON, Oct 18 (Reuters Breakingviews) – Over the past three years inflation has gone from “transitory” to “persistent” to, well, boring. Across the developed world annual price increases are returning towards the subdued 2% level targeted by many central banks. Commentators are talking of the Goldilocks scenario, where the economy, like the porridge in the fairy tale, is neither too hot nor too cold.
The used-vehicle pipeline is messed up for years to come.
Breitbart News economics editor John Carney said Wednesday on Fox Business Network’s “The Bottom Line” under the Biden-Harris administration, union members saw their wages devastated by inflation.