{"id":1548785,"date":"2025-07-24T12:05:00","date_gmt":"2025-07-24T16:05:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1548785"},"modified":"2025-07-24T12:05:00","modified_gmt":"2025-07-24T16:05:00","slug":"10-economic-facts-that-nobody-can-deny","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/10-economic-facts-that-nobody-can-deny\/1548785\/","title":{"rendered":"10 Economic Facts That Nobody Can Deny"},"content":{"rendered":"

10 Economic Facts That Nobody Can Deny<\/span><\/p>\n

\n

Authored by Michael Snyder via TheMostImportantNews.com,<\/em><\/a><\/p>\n

If you ask 1,000 different Americans about the state of the U.S. economy<\/strong>, you will get 1,000 different opinions. \u00a0But what is the truth?<\/strong> \u00a0In this article, I am going to share information with you that is indisputable. \u00a0I like to examine things from an analytical point of view, and so I always want to know what the cold, hard numbers are telling me. \u00a0And what the cold, hard numbers are telling me is very troubling. \u00a0<\/p>\n

<\/a><\/p>\n

The following are 10 economic facts that nobody can deny\u2026<\/p>\n

#1<\/strong>\u00a0The Conference Board\u2019s index of leading economic indicators fell more than expected last month, and during the entire first half of 2025 it declined\u00a0at an even faster rate<\/a>\u00a0than it did during the second half of 2024\u2026<\/p>\n

The Conference Board Leading Economic Index\u00ae (LEI) for the US declined by 0.3% in June 2025 to 98.8 (2016=100), after no change in May (revised upward from \u20130.1% originally reported). As a result, the LEI fell by 2.8% over the first half of 2025, a substantially faster rate of decline than the \u20131.3% contraction over the second half of 2024.<\/p>\n

\u201cThe US LEI fell further in June,\u201d said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. \u201cFor a second month in a row, the stock price rally was the main support of the LEI. But this was not enough to offset still very low consumer expectations, weak new orders in manufacturing, and a third consecutive month of rising initial claims for unemployment insurance.<\/p>\n

#2<\/strong>\u00a0We\u00a0just learned<\/a>\u00a0that sales of previously-owned homes have fallen to their lowest level in nine months\u2026<\/p>\n

Sales of previously-owned homes in the United States hit their lowest rate in nine months, according to industry data released Wednesday, as high home prices and mortgage rates weighed on the market.<\/p>\n

Existing home sales dropped by 2.7 percent last month to a seasonally adjusted annual rate of 3.9 million, said the National Association of Realtors (NAR).<\/p>\n

#3<\/strong>\u00a0It is\u00a0being reported<\/a>\u00a0that millions of Americans that are on existing health insurance plans will be hit with \u201cdouble-digit rate hikes\u201d next year\u2026<\/p>\n

Consumers who buy health insurance through the Affordable Care Act marketplace will likely face double-digit rate hikes next year.<\/p>\n

Insurers plan a median premium increase of 15% for 2026 plans, which would be the largest ACA insurance price hike since 2018, according to a Peterson-KFF Health System Tracker analysis published on July 18.<\/p>\n

And many working-age consumers who get their health insurance through the workplace won\u2019t be spared, either. Benefits consultant Mercer said more than half of big employers expect to shift a larger share of insurance costs to employees and their families next year by raising deductibles, copays, or out-of-pocket requirements.<\/p>\n

#4<\/strong>\u00a0The price of beef in the United States has risen\u00a09 percent<\/a>\u00a0since January\u2026<\/p>\n

First it was eggs, now it\u2019s beef.<\/p>\n

The last time Americans likely noticed spiking prices at the grocery store was when eggs reached record-highs. Since then, egg prices have fallen after the deadly avian flu outbreak was contained and producers built back supply.<\/p>\n

Now, beef prices are hitting records, rising almost 9% since January, according to the Department of Agriculture, and retailing for $9.26 a pound. June\u2019s consumer price index showed steak and ground beef prices are up 12.4% and 10.3%, respectively, over the last year.<\/p>\n

#5<\/strong>\u00a0More Americans than ever are using \u201cbuy now, pay later\u201d loans\u00a0to pay for groceries<\/a>\u2026<\/p>\n

25% of BNPL users say they\u2019ve used the loans to buy groceries. That\u2019s up from 14% just a year ago, amid\u00a0rising prices at the supermarket<\/a>. One-third of Gen Z BNPL users say they\u2019ve done so, making it the fourth-most common BNPL purchase for that age group, trailing clothing, technology and home decor.<\/p>\n

#6<\/strong>\u00a0The official rate of inflation just increased at the fastest pace that we have seen\u00a0in 5 months<\/a>\u2026<\/p>\n

Consumer prices in June posted the biggest increase since the beginning of the year and are likely to keep the Federal Reserve from cutting interest rates later this month, but there were only scattered signs of tariff-related inflation.<\/p>\n

The consumer-price index rose 0.3% last month, the government said Tuesday, and matched Wall Street\u2019s forecast. It was the biggest rise since January.<\/p>\n

#7<\/strong>\u00a0A recent survey found that\u00a023 percent<\/a>\u00a0of Americans have decided to delay retirement. \u00a0That figure is up from\u00a014 percent<\/a>\u00a0last year\u2026<\/p>\n

Older Americans are kicking the can down the road on retirement over concerns about the economy and their own financial readiness to step back from work.<\/p>\n

That\u2019s according to a new survey from F&G Annuities & Life, which polled 2,000 U.S. adults over 50 years old. The life insurance and annuities company found that 23% of those polled have already decided to delay their retirement as they grapple with questions about their financial readiness, up from 14% in 2024.<\/p>\n

The findings come at a time when the median savings of 55-year-olds is just $50,000, far from enough to fund a secure old age, according to another recent study by Prudential Financial.<\/p>\n

#8<\/strong>\u00a0According to another recent survey, nearly 70 percent of Americans are feeling\u00a0\u201canxiety and depression\u201d<\/a>\u00a0because of the state of their finances\u2026<\/p>\n

Americans are feeling increasingly uneasy about their financial future.<\/em><\/p>\n

Nearly 7 in 10 (69%) say financial uncertainty has led them to feelings of anxiety and depression, according to a recent survey from Northwest Mutual \u2014 an 8-percentage-point increase from 2023.<\/em><\/p>\n

#9<\/strong>\u00a0The percentage of the U.S. population that is dealing with food insecurity has\u00a0almost doubled<\/a>\u00a0over the past four years\u2026<\/p>\n

In May, 15.6% of adults were food insecure, almost double the rate in 2021. At that time Congress had beefed up SNAP benefits and expanded the Child Tax Credit driving down poverty rates, and giving people more money for food.<\/em><\/p>\n

#10<\/strong>\u00a0Freight-related companies all over the country\u00a0are conducting mass layoffs<\/a>\u2026<\/p>\n

Another wave of closures and layoffs has hit workers and companies tied to commercial transportation, manufacturing, lumber production, distribution and logistics across the U.S.<\/p>\n

Over the past several weeks, there have been 4,137 job cuts announced, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices.<\/p>\n

The companies facing layoffs include: Republic National Distributing Co. (1,756), Canfor Corp. (290), Bluestem Brands (160), DeRoyal Industries (153), Weaber Lumber (145), Howard Miller Co. (133), Ohio Eagle Distributing (124), Pocino Foods Co. (124), Western Forest Products (112), Americold Logistics (110), Lightspeed Logistics Miami LLC (110), Cartparts.com (104), MacMillan-Piper (92), GSC Enterprises Inc. (80), SalonCentric (79), Auto Warehousing Co. (75), BRP Marine US Inc. (72), Marshall Excelsior Co. (71), Backyard PlayNation (66), Spectrum Plastic Group (34) and CHS Inc. (25).<\/p>\n

This would not be happening if the U.S. economy was in good shape.<\/p>\n

When the economy is strong, lots of stuff is being shipped all over the place.<\/p>\n

Sadly, a lot more layoffs are on the horizon.<\/p>\n

In addition to facing another major economic downturn, we have also entered the \u201cAI revolution\u201d.<\/p>\n

According to author Robert Kiyosaki, AI is going to\u00a0\u201ccause massive unemployment\u201d<\/a>\u2026<\/p>\n

Rich Dad Poor Dad author Robert Kiyosaki has a sobering take on one of today\u2019s hottest trends: artificial intelligence (AI).<\/p>\n

\u201cBIGGEST CHANGE in MODERN HISTORY,\u201d he declared in an X post on July 1. \u201cAI will cause many \u2018smart students\u2019 to lose their jobs. AI will cause massive unemployment. Many still have student loan debt.\u201d<\/p>\n

Kiyosaki isn\u2019t alone in sounding the alarm. Dario Amodei, CEO of Anthropic \u2014 the AI company behind the large language model Claude \u2014 recently warned that AI could wipe out half of all entry-level white-collar jobs and push the unemployment rate as high as 20%.<\/p>\n

Thanks to AI and other technological advancements, our society is now in a period of exponential transformation.<\/p>\n

Many would argue that many of the changes that we are witnessing are not for the better.<\/p>\n

It is going to be very challenging to make good decisions in this environment, because many of the old rules no longer apply.<\/strong><\/p>\n

Michael\u2019s new book entitled\u00a0\u201c10 Prophetic Events That Are Coming Next\u201d<\/a>\u00a0is available\u00a0in paperback<\/a>\u00a0and\u00a0for the Kindle<\/a>\u00a0on Amazon.com,\u00a0and you can subscribe to his Substack newsletter at\u00a0michaeltsnyder.substack.com<\/a>.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 07\/24\/2025 – 08:05<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/10-economic-facts-nobody-can-deny<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

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