President Trump just announced yet another round of emergency bailouts for U.S. farmers. This emergency aid will be greatly welcomed by countless struggling farmers, but a few thousand dollars won’t be nearly enough to save most of the farms that are on the verge of failing. Coming into 2019, farm debt was already at a record high and farm bankruptcies were already rising. But then crazy weather patterns made planting season a complete and utter mess, and more crazy weather patterns have turned harvest season into a major disaster. On top of everything else, the Trump administration’s trade dispute with China has greatly reduced U.S. agricultural exports and hurt prices. This has been an absolutely nightmarish year for U.S. farmers, and a series of government bailouts hasn’t done much to ease the pain. (Read More...)
Bankruptcies
Broke And Getting Broker: 22 Jaw Dropping Statistics About The Financial Condition Of American Families
Most American families are really struggling in this economy and they see most of the families around them really struggling, but they don’t have any hard numbers to back up the feelings of economic despair that they are experiencing. Well, below you will find 22 statistics that prove that American families are broke and getting broker. Today, the financial condition of most middle class families is rapidly deteriorating. The number of good jobs is declining, incomes are down, debt loads are up and bankruptcies and foreclosures just continue to increase. If you step back and really examine the statistics, it becomes really hard to deny that American families are getting poorer. Well, the wealthiest 5 percent are still thriving, but everyone else is really having a tough time. The truth is that a large percentage of the U.S. middle class is slowly but surely going broke. Unfortunately, this is being caused by long-term economic trends that simply are not going to be fixed overnight. (Read More...)