2 BMO: Bottom line: Despite a string of #BoC rate cuts, the #Toronto #housingmarket remains under pressure as #households face major #uncertainty. #GTA #housing #cdnecon
Bluesky

Bluesky Social
So what are they going to do about it? Nothing. “It’s insane,” Michael Strain, an #economist with the #conservative leaning #AmericanEnterpris Institute, told me recently of Trump’s #tariffs. “This is an enormous self-inflicted wound on the #economy, and to see our government do this to #American #businesses and #households is something I never thought I would see.”
Data from the #Fed shows that a record-high share of #households are only making the minimum payment on their #creditcards - #TorstenSlok, chief economist, Apollo GlobalManagement.
Bluesky

Bluesky Social

Day 26 cont 🏘️🏚️🏠🏡🏡🏡

“Thirty years ago, the average #buyer looked more like the #MedianIncome earner. But over time we’ve seen that shift [to] #households that are in the top two income quintiles, so top 40 per cent of income earners, and shift from being #SingleIncome earning households to #DualIncome households,”

#AusPol / #housing / #HousingCrisis / #LNP / #Liberal / #Nationals / #Labor <https://archive.md/kbscP> / <https://www.theage.com.au/property/news/how-much-you-can-afford-to-spend-on-a-house-20250423-p5ltn1.html>

Doge’s attack on social security causing ‘complete, utter chaos’, staff says

Understaffed agency sent into ‘death spiral’ as employees warn Musk-led cuts will lead to structural collapse

The Guardian

🏘️ Escalating ground rents & service charges, plus restrictions on alterations, make it feel like renting with extra steps‼️

#Leaseholds #Households #HousingCrisis #Peterborough #Housing

Soaring Energy Prices Weigh Heavily On South African Households - Axadle | Stay Informed With Horn Of Africa Headlines

South Africans are bracing for another financial blow amid already crippling economic conditions as electricity prices increase by 12.7% on 1 April 2025 - called Fossil Fools' Day by Earthlife Africa. The hike and impending 0.5% VAT increase will force struggling households to make even tougher choices between electricity and necessities. South Africans have repeatedly voiced their frustrations, taking to the streets in protest and engaging in public hearings. Yet, the government continues to approve hikes that disproportionately affect the most vulnerable. Communities, already burdened by poverty, unemployment, and unreliable power, feel abandoned as protests and appeals fall on deaf ears.  Civil society groups like Earthlife Africa Johannesburg have condemned the increase, saying struggling households should not bear the cost of Eskom's mismanagement, corruption, and failure to modernize. Activists demand a shift to affordable renewable energy, urging the government to prioritize people's needs over Eskom's financial recovery and to ensure a fair, transparent energy system.

Axadle | Stay Informed with Horn of Africa Headlines
U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll

The latest survey from the New York Federal Reserve shows just 62.7% of Americans can come up with $2,000 for an emergency.

CNBC
Utilities are shutting off power to a growing number of households

Electricity is getting more expensive. Here’s how states can prevent people from losing power during a freeze or a heat wave.

Grist