JUST IN: Over 25 million Americans under 35 now live with their parents. An all-time high. And the percentage of Americans ages 25 to 34 living with their parents is also at a record high. Y’all aren’t ready for what comes next.
Andrew Lokenauth | TheFinanceNewsletter.com
@thefinancenewsletter.com
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The 30-year Treasury yield just hit its highest level since 2007, and mortgage rates are now nearing 7%. A $600,000 mortgage now costs almost $1,500 more each month than it did in 2021. And that’s before property taxes, homeowners insurance, HOA fees, maintenance, utilities, or a single repair.
The typical home now costs $3,200 a month. You need at least $120,000 a year to afford it. Meanwhile, the median household income is $84,000. An entire generation under 30 is starting to believe a home and family will never happen for them.
Bank: We can’t approve you for a $2,000/month mortgage. Me: But I’ve been paying $3,000/month in rent every month. Bank: That doesn’t count. Sorry.
I have a joke about trickle-down economics. Sadly, 99% will never get it.
We should abolish the 5-day workweek. A 32-hour, 4-day workweek with no cut in pay would improve millions of lives.
U.S. national debt just passed $40 TRILLION for the first time in history. Crazy how a country $40 trillion in debt gives you a credit score.
A $500K mortgage now costs $3,800 a month. In 2021, that same mortgage cost $1,800 a month. That’s $2,000 more every month for the same loan.
US mortgage rates rise to 6.66%, highest level in a year. People with 2% mortgages from 2021:
Warren Buffett said he could end the deficit in 5 minutes. “Any time there’s a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection.” Do you support this?
Sorry but some realtors make way too much for what they do. You search Zillow, compare homes, research neighborhoods, run numbers, and find the house yourself. They schedule a tour, handle some paperwork, and get paid $50,000.
I’m done with Airbnb. I’d rather stay at a hotel. I pay a $150 cleaning fee. Then I get a checkout list. Take out the trash. Start the laundry. Load the dishwasher. Vacation should feel like a break.
Imagine earning $100,000 a year when a Footlong was still $5.
A family of four now needs $178,000 to $301,000 a year to get by in America. Meanwhile, the median U.S. household only earns $83,730. The American Dream now requires an income most will never earn.
Married and own a home by age 30 in America: 1950: 50% 1960: 52% 1970: 48% 1980: 45% 1990: 43% 2000: 35% 2010: 25% 2026: 12% Crazy numbers.
In 1971, President Nixon took the U.S. off the gold standard. That year, a minimum-wage worker earned 0.046 ounces of gold an hour. Today, that much gold is worth about $185 an hour. They printed money and your purchasing power disappeared.
Ten years ago, the average new home cost $360,000 and mortgage rates were 3.5%. Today, the average new home costs $480,000 and rates are 6.6%. At 20% down, you needed $1,290/month ten years ago. You need $2,450 today.
The purchasing power of $100 since the U.S. abolished the gold standard: 1971: $100.00 1981: $44.55 1991: $29.74 2001: $22.87 2011: $18.00 2021: $14.95 2026: $12.13 The U.S. dollar has lost 88% of its purchasing power.
An entire generation is realizing that a home and family may never be within reach. That’s a system failure. And society isn’t ready for what happens when millions feel they have no future and no stake in the system.
The CEO of America’s biggest bank says low-income workers have been left behind Jamie Dimon says too many face weak schools, unsafe neighborhoods, and too few good jobs. The bottom 50% own 2.5% of America’s wealth Since when did the American Dream mean half the country splitting 2.5% of the pie??
$255,000 a year is the new $100,000. In 1990, a $100,000 salary had the same buying power as $255,000 today. Today, you need to earn $255,000 to afford what a $100,000 salary bought in 1990.
The richest 34 Americans hold $2.6 trillion in wealth. That 12% of an entire year of U.S. national income. Thirty-four people.
Donald Trump has gained more wealth in 18 months as president than during the last 60 years of his career. His l net worth has increased by l $4.2 billion since 2025 and is now at $7.8 billion, per to Bloomberg.
Losing a $500k home you’ve owned for 30 years because you couldn’t pay $4k in property taxes shouldn’t be legal.
$100,000 a year is the new $39,000. In 1990, a $100,000 salary had the same buying power as about $255,000 today. Today, $100,000 buys what roughly $39,000 bought in 1990. A six-figure salary isn’t what it used to be.
It’s absolutely wild that the U.S. prints trillions of dollars out of thin air, dilutes the value of every dollar you earn, and most people have no clue.
The purchasing power of $100 since the Federal Reserve was created: 1913: $100.00 1923: $57.89 1933: $76.15 1943: $57.23 1953: $37.08 1963: $32.35 1973: $22.30 1983: $9.94 1993: $6.85 2003: $5.38 2013: $4.25 2026: $2.99 The U.S. dollar has lost 97% of its purchasing power.
U.S. home prices are now above the peak of the 2006 housing bubble, adjusted for inflation. Since 2019, the average annual cost of owning a home has jumped 39%. Emergency repairs +175% Maintenance +85% Insurance +72% Interest +35% Property taxes +31%
32GB of RAM now costs as much as a MacBook Pro with 16GB of RAM
JUST IN: The 30-year US Treasury yield just surged to 5.18%, its highest level in 19 years. The last time it was this high was 2007, right before the financial crisis. Back then, the national debt was $8.4 trillion. Today it’s $39.4 trillion. Same interest rate. Almost 5 times the debt.