Tuesday 30th of April 2024
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going down the happy scale in america.....

Half of Americans are struggling to afford their rising housing costs, and the financial squeeze is so severe for many that over one in five skip meals to get by, a new poll has revealed.

The survey, commissioned by Seattle-based real estate brokerage Redfin and released on Friday, showed that 50% of US homeowners and renters have had difficulties making their housing payments. Many respondents said they had to make sacrifices to cope with inflationary pressures. For instance, 22% reported that they had skipped meals, 21% sold some of their belongings, and a combined 37% either worked extra hours or took on additional jobs.

 

“Housing has become so financially burdensome in America that some families can no longer afford other essentials, including food and medical care, and have been forced to make major sacrifices, work overtime and ask others for money so they can cover their monthly costs,” said Redfin’s economic research chief, Chen Zhao.

Home prices and rents have risen sharply in many US cities, and mortgage rates remain elevated after reaching a 23-year high last October. Redfin said the typical US household income is about $30,000 a year lower than the level needed to afford a median-priced home.

Nearly 35% of poll respondents said they were taking fewer vacations, or none at all, to keep up with their housing payments. About 18% borrowed money from friends and family or dipped into their retirement savings. For 16%, the cash crunch was so difficult that they had to delay or forgo needed medical care.

The US inflation rate rose to the highest level in more than 40 years in June 2022, prompting the Federal Reserve to boost interest rates in an attempt to tame prices. The pace of inflation has slowed since then, but price growth rose to 3.2% from a year earlier in February, higher than economists expected. The increase dimmed hopes that the US central bank will soon begin pushing interest rates lower.

READ MORE: Most US adults have given up on ‘American dream’ – poll

Many young Americans have had to give up their apartments and move back in with their parents. A Harris/Bloomberg poll last September found that 45% of 18- to 29-year-olds are living at home with their parents or other relatives, the highest level since the 1940s. Most of those had moved back home within the past two years.

READ MORE: Why Americans have little to smile about these days

 

https://www.rt.com/news/595530-poll-americans-struggle-rising-housing-costs/

 

it's time for being earnest.....

FREEING JULIAN ASSANGE MIGHT HELP AMERICAN REGAIN SOME OF ITS MORAL HAPPINESS....

happy yuckrainians....

Senior Ukrainian officials have significantly increased their personal wealth over the past two years despite the conflict with Russia, an analysis of self-reported income and assets has revealed.

The study was conducted by the Ukrainian business news site Ekonomicheskaya Pravda based on mandatory disclosures required from officials concerning themselves and their family members. The deadline for reporting on the previous year expired on March 31, meaning that a complete dataset is now available to the public.

A third of the senior officials picked by the newspaper for their sample reported new major assets, such as vehicles or real estate, the outlet reported on Wednesday.

For their study, the journalists picked 2,200 top-tier members of various branches of the Ukrainian government, prioritizing those whose family names are most common in the country. They tracked the changes in the holdings of these individuals by examining disclosures from this past year and previous years. The open hostilities with Russia started in February 2022.

The officials chosen by the outlet reported 721 cars, 268 apartments, and 90 homes newly owned by their households over that period of time. The second half of 2022 saw the highest numbe of acquisitions in all three categories, but there has been only a relatively small drop in the rate of purchases since.

The public servants also managed to boost their ownership of liquid assets in the form of cash and bank deposits by roughly a quarter. The US dollar was the most popular currency among Ukrainian officials, with a $6 million increase reported by the 2,200 people studied.

The outlet stressed that it likely underestimated the increase in wealth among officials since “not all of them follow their duty” and disclose their assets accurately. For instance, a former regional head is currently being investigated after failing to mention property worth some $1.8 million, which a news outlet had linked to members of his family.

Some of the changes were due to changes in marital status, the report said. One MP, who married a wealthy businessman in 2023, consequently reported dozens of land plots owned by her new family, according to the article.

READ MORE: Ukrainian-born US lawmaker sours on continuing aid

The Ukrainian government relies heavily on foreign credit and aid to remain operational. Its central bank reported last month that in January and February a shortfall of financial support from other nations forced it to shift to borrowing domestically and depleting reserves to cover the budget deficit.

https://www.rt.com/russia/595466-ukrainian-officials-wealth-increases/

 

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it's time for being earnest.....

FREEING JULIAN ASSANGE MIGHT HELP AMERICAN REGAIN SOME OF ITS MORAL HAPPINESS....