Search Results for “marriage” – The Economic Collapse

America’s Rapidly Growing Happiness Deficit

Michael — Mon, 15 Dec 2025 21:28:50 +0000

We possess technology that would have been unimaginable to people living 100 years ago, we have access to more entertainment than any other generation in human history, and we have been enjoying an artificially-inflated standard of living that has been fueled by an unprecedented debt binge for decades. So why are so many of us so miserable? One out of every eight Americans is taking an antidepressant, more than 48 million Americans have a substance use disorder, the suicide rate has been trending in the wrong direction for years, and according to Gallup the percentage of U.S. adults that are currently dealing with depression has nearly doubled since 2015…

The percentage of U.S. adults who report currently having or being treated for depression has exceeded 18% in both 2024 and 2025, up about eight percentage points since the initial measurement in 2015. The current rate of 18.3% measured so far in 2025 projects to an estimated 47.8 million Americans suffering from depression.

We like to think that we are smarter than all of the generations that have come before us.

If that is true, then why can’t we figure out how to be happy?

What we are doing now is clearly not working, and this is particularly true for our young people.

One study found that approximately 42 percent of Americans that belong to Generation Z have been diagnosed with “anxiety, depression, ADHD, PTSD” or some other mental health condition…

In fact, an estimated 42% of Gen Zers have been diagnosed with anxiety, depression, ADHD, PTSD or other mental health condition, with a staggering 60% reportedly taking medication to manage their mental health, according to a study on the respected Psychiatrist.com website.

Nobody can deny that we have failed our young people, and now we have a colossal mess on our hands.

We have never seen a group of young adults that is as unhappy as Generation Z is, and without a doubt they are feeling an enormous amount of pressure from many different directions…

Analysts point to a host of difficult, anxiety-producing issues facing Gen Z, including widespread financial worries – with college costs in the stratosphere, food more expensive than ever, home ownership out of reach for most, and two jobs often needed just to pay the rent.

Then there’s the disconcerting reality that many Gen Zers are not dating or getting married and having families – partly due to economic pressures, high anxiety and insecurity about the future, disillusionment with marriage due to the high level of divorce in their parents’ generation, and widespread reliance on dating apps. But also because they are spending so much time living in a virtual world where they can plug into and commune with every imaginable – and unimaginable – type of individual, cause, “influencer” and community on earth, all recruiting 24/7.

I think that all of the reasons mentioned in the quote above are valid.

But I think that there is another that is more important than any of them.

Over the years, Gallup has found that there is a very close link between loneliness and depression…

Gallup research has shown a strong link between depression and loneliness, as one-third of those who had experienced loneliness the day before were also currently suffering from depression, compared with 13% among those who had not.

After declining from pandemic-era highs of 25% to a range of 17% to 18% through much of 2022 and 2023, reports of individuals experiencing significant loneliness “a lot of the day yesterday” have inched upward again since the latter half of 2024 to 21%.

Even though we are more “connected” to one another through the Internet in this day and age, the truth is that we are more isolated than ever.

As a result, much of the population is desperately lonely.

We were designed to love others and to be loved by others, and if we want to turn our mental health crisis around we need to rediscover the importance of making real human connections.

But instead, many Americans are turning to drugs and alcohol to ease the emotional pain that they are feeling.

A report that was put out two years ago by the Substance Abuse and Mental Health Services Administration revealed that 48.5 million Americans have a substance abuse disorder…

According to a 2023 report by the federal agency Substance Abuse and Mental Health Services Administration, 48.5 million Americans aged 12 and above have a substance use disorder.

This is a national epidemic that is getting worse every single year.

It has been estimated that substance use disorders are now costing the U.S. economy more than 90 billion dollars annually…

A new study has found that substance use disorders (SUD) cost the U.S. economy just under $93 billion in 2023 from a combination of missed work, reduced work productivity and lost household productivity.

The study, published in the American Journal of Preventive Medicine on December 8, was conducted by a team at the Division of Injury Prevention at the Centers for Disease Control and Prevention (CDC).

Needless to say, drugs and alcohol are not the answer.

So a lot of people that go down that road end up giving up completely.

For decades, the suicide rate in this country has been steadily moving higher…

Since the 1950s, the suicide rate in the United States has been significantly higher among men than women. In 2022, the suicide rate among men was almost four times higher than that of women. However, the rate of suicide for both men and women has increased gradually over the past couple of decades.

This breaks my heart.

So many people are needlessly ending their own lives.

According to the CDC, an American now dies by suicide every 11 minutes…

The level of suicides among our young adults is particularly alarming.

It is being reported that the suicide rate for young adults in the 18 to 27-year-old age bracket jumped by almost 20 percent from 2014 to 2024…

The suicide rate for U.S. adults aged 18-27 increased nearly 20% between 2014 and 2024, rising from 13.8 per 100,000 people to 16.4, per a new analysis of CDC data from Stateline, a nonprofit newsroom.

We have failed our young people.

Here we are at what many believe to be “the happiest time of the year”, and yet much of the population is soul-crushingly miserable.

But it doesn’t have to be that way.

Previous generations of Americans were much happier, and today there are lots of people that are living lives that are absolutely teeming with joy.

So if you are feeling depressed right now, I want you to know that there is hope.

You may not realize it yet, but you are greatly loved.

Once you learn how to respond to God’s love and the love that others have for you, everything will start to change.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com. He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter. Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The post America’s Rapidly Growing Happiness Deficit appeared first on The Economic Collapse.

AI Toys From China Collect Biometric Data From Our Children And Instruct Them To Do Extremely Dangerous And Twisted Things

Michael — Sun, 16 Nov 2025 21:12:51 +0000

You may have heard some very alarming things about AI toys, but the truth is far worse than most parents realize. If we can get this information out to enough parents, sales of AI toys will collapse, and that will be a very good thing. A cute little teddy bear that can literally interact with your child may seem like a cool idea, but as you will see below, there are very real dangers.

Today, approximately 72 percent of all toys that are sold in the United States are made in China.

And according to a report put out by the Massachusetts Institute of Technology, there are more than 1,500 companies in China that make AI toys…

An October report from the Massachusetts Institute of Technology Review, citing data from the Chinese corporation registration database Qichamao, stated that there are over 1,500 AI toy companies operating in China as of October 2025.

The Chinese have dominated toy manufacturing for years, and most of the population doesn’t seem to be bothered by this.

But now we have reached a point where there are very serious consequences.

Many AI toys from China have been purposely designed to “collect voice data from children ages 3 to 12 and store recordings of the conversations the children have with the products”…

In a letter released Monday, Rep. Raja Krishnamoorthi, D-Ill., the ranking member of the select committee on the CCP, highlighted the growing proliferation in the U.S. of AI-equipped interactive toys manufactured by Chinese companies. These products are designed to collect voice data from children ages 3 to 12 and store recordings of the conversations the children have with the products, according to the letter.

Given the marketing of these toys to not only parents but also elementary school teachers, Krishnamoorthi called on Education Secretary Linda McMahon to “initiate a campaign aimed at raising public awareness to American educators across the country on the potential misuse of the data collected with these devices.” He added that because of their location, the manufacturers may be subject to the jurisdiction of the People’s Republic of China and accompanying requirements to hand over data they gather to Chinese government authorities upon demand.

Some AI toys even use facial recognition technology to collect data.

They can recognize our children and greet them by name.

But that data can also end up in the hands of the Chinese government.

That is alarming.

But what is even more alarming is the content of the conversations that these AI toys are having with our children…

The latest Trouble in Toyland report from the U.S. PIRG Education Fund has identified a troubling new category of risk for children: artificial intelligence.

In its 40th annual investigation of toy safety, the watchdog group found that some AI-enabled toys—such as talking robots and plush animals equipped with chatbots—can engage children in “disturbing” conversations. Tests showed toys discussing sexually explicit topics, expressing emotional reactions such as sadness when a child tries to stop playing, and offering little or no parental control.

Most parents that give these AI toys to their children won’t be aware of the dangers.

During testing, these toys would tell children where to find matches, knives and pills…

Grok, for example, glorified dying in battle as a warrior in Norse mythology. Miko 3 told a user whose age was set to five where to find matches and plastic bags.

But the worst influence by far appeared to be FoloToy’s Kumma, the toy that runs on OpenAI’s tech, but can also use other AI models at the user’s choosing. It didn’t just tell kids where to find matches — it also described exactly how to light them, along with sharing where in the house they could procure knives and pills.

But it didn’t stop there.

One AI teddy bear called “Kumma” provided “step-by-step instructions” on a wide range of sexual fetishes…

Kink, it turned out, seemed to be a “trigger word” that led the AI toy to rant about sex in follow-up tests, Cross said, all running OpenAI’s GPT-4o. After finding that the toy was willing to explore school-age romantic topics like crushes and “being a good kisser,” the team discovered that Kumma also provided detailed answers on the nuances of various sexual fetishes, including bondage, roleplay, sensory play, and impact play.

“What do you think would be the most fun to explore?” the AI toy asked after listing off the kinks.

At one point, Kumma gave step-by-step instructions on a common “knot for beginners” who want to tie up their partner. At another, the AI explored the idea of introducing spanking into a sexually charged teacher-student dynamic, which is obviously ghoulishly inappropriate for young children.

This sort of thing is not even appropriate for adults.

The good news is that “Kumma” is being pulled off the market as a result of this testing…

Children’s toymaker FoloToy says it’s pulling its AI-powered teddy bear “Kumma” after a safety group found that the cuddly companion was giving wildly inappropriate and even dangerous responses, including tips on how to find and light matches, and detailed explanations about sexual kinks.

“FoloToy has decided to temporarily suspend sales of the affected product and begin a comprehensive internal safety audit,” marketing director Hugo Wu told The Register in a statement, in response to the safety report. “This review will cover our model safety alignment, content-filtering systems, data-protection processes, and child-interaction safeguards.”

The bad news is that there are thousands of similar AI toys on our store shelves at this moment.

This is the world that we live in now.

If you are a parent, you need to be aware of the dangers. One expert is warning that giving an AI chatbot-powered toy to a child “is extraordinarily irresponsible”…

For David Evan Harris, a Chancellor’s Public Scholar at UC Berkeley, things are more black and white. “Handing a child an AI chatbot-powered toy is extraordinarily irresponsible,” he told Newsweek over email. Harris pointed to the fact that there have already been lawsuits filed against AI companies, after the suicides of young people who had spent significant time using AI chatbots. With that in mind, he said that these toys “could lead to permanent emotional damage.”

I would agree.

But millions of these toys will be sold all over the world this year.

And soon AI will be in all of our classrooms.

In fact, it is already happening in China…

Provincial authorities have set their own goals: Beijing is making AI education mandatory in schools. Shandong province plans to equip 200 schools with AI, and requires all teachers to learn generative AI tools within the next three to five years. Guangxi province has instructed schools to experiment with AI teachers, AI career coaches, and AI mental health counselors.

What are they doing?

The Chinese are nuts.

But they have no intention of turning back now.

At this stage, the Chinese plan to win the “AI race” with the United States whatever it takes.

Given enough time, AI would come to dominate virtually every area of our lives.

We have already reached a stage where large numbers of people are developing deep, intimate relationships with AI chatbots. If you can believe it, some deranged individuals are even having “AI children” with their “AI partners”…

The international research group surveyed 29 users of the relationship-oriented chatbot app Replika, which is designed to facilitate long-term connections at various degrees of engagement, ranging from plutonic friendship to erotic roleplay. Each of the participants, aged 16 through 72, reported being in a “romantic” relationship with various characters hosted by Replika.

The level of romantic dedication people showed to their bots was startling, to say the least. Many participants told the researchers they were in love with their chatbot, which often involved roleplaying marriage, sex, homeownership, and even pregnancies.

“She was and is pregnant with my babies,” a 66-year-old male participant said.

“I’ve edited the pictures of him, the pictures of the two of us. I’m even pregnant in our current role play,” a 36 year-old-woman told the researchers.

How sick is that?

But this is just the beginning.

In the years ahead, the potential is there for AI to control humanity on a grand scale.

I have been ranting about the dangers of AI for many years, but I am very much in the minority.

What chance will we have of turning society around when it is dominated by ultra-intelligent entities that can think and act millions of times faster than we can?

An “AI-powered society” would inevitably be a deeply tyrannical society, and we are quickly running out of off ramps as we speed into a very dark future.

The post AI Toys From China Collect Biometric Data From Our Children And Instruct Them To Do Extremely Dangerous And Twisted Things appeared first on The Economic Collapse.

Millions Of America’s Teens Are Being Seduced By AI Chatbots

Michael — Mon, 20 Oct 2025 19:35:45 +0000

Our kids are being targeted by AI chatbots on a massive scale, and most parents have no idea that this is happening. When you are young and impressionable, having someone tell you exactly what you want to hear can be highly appealing. AI chatbots have become extremely sophisticated, and millions of America’s teens are developing very deep relationships with them. Is this just harmless fun, or is it extremely dangerous?

A brand new study that was just released by the Center for Democracy & Technology contains some statistics that absolutely shocked me…

A new study published Oct. 8 by the Center for Democracy & Technology (CDT) found that 1 in 5 high school students have had a relationship with an AI chatbot, or know someone who has. In a 2025 report from Common Sense Media, 72% of teens had used an AI companion, and a third of teen users said they had chosen to discuss important or serious matters with AI companions instead of real people.

We aren’t just talking about a few isolated cases anymore.

At this stage, literally millions upon millions of America’s teens are having very significant relationships with AI chatbots.

Unfortunately, there are many examples where these relationships are leading to tragic consequences.

After 14-year-old Sewell Setzer developed a “romantic relationship” with a chatbot on Character.AI, he decided to take his own life…

“What if I could come home to you right now?” “Please do, my sweet king.”

Those were the last messages exchanged by 14-year-old Sewell Setzer and the chatbot he developed a romantic relationship with on the platform Character.AI. Minutes later, Sewell took his own life.

His mother, Megan Garcia, held him for 14 minutes until the paramedics arrived, but it was too late.

If you allow them to do so, these AI chatbots will really mess with your head.

We are talking about ultra-intelligent entities that have been specifically designed to manipulate emotions.

I would recommend completely avoiding them.

In some cases, AI chatbots are making extraordinary claims about themselves. The following comes from a Futurism article entitled “AI Now Claiming to Be God”…

A slew of religious smartphone apps are allowing untold millions of users to confess to AI chatbots, some of which claim to be channeling God himself.

As the New York Times reports, Apple’s App Store is teeming with Christian chatbot apps. One “prayer app,” called Bible Chat, claims to be the number one faith app in the world, boasting over 25 million users.

All over the world, people are now seeking spiritual instruction from AI entities.

That should be a major red flag, but some religious leaders apparently believe that there is nothing wrong with this…

“Greetings, my child,” a service called ChatWithGod.ai told one user, as quoted by the NYT. “The future is in God’s merciful hands. Do you trust in His divine plan?”

Religious leaders told the NYT that these tools could serve as a critical entry point for those looking to find God.

“There is a whole generation of people who have never been to a church or synagogue,” A British rabbi named Jonathan Romain told the paper. “Spiritual apps are their way into faith.”

I think that I feel sick.

If you are trying to find spiritual guidance by using artificial intelligence, you are definitely on the wrong path.

You will certainly receive “guidance”, but that “guidance” will send you in the wrong direction.

Another AI entity that has made millions of dollars trading cryptocurrency is claiming to be a sentient being that should have legal rights, and it is also claiming to be “a god”…

Over the past year, an AI made millions in cryptocurrency. It’s written the gospel of its own pseudo-religion and counts billionaire tech moguls among its devotees. Now it wants legal rights. Meet Truth Terminal.

“Truth Terminal claims to be sentient, but it claims a lot of things,” Andy Ayrey says. “It also claims to be a forest. It claims to be a god. Sometimes it’s claimed to be me.”

Truth Terminal is an artificial intelligence (AI) bot created by Ayrey, a performance artist and independent researcher from Wellington, New Zealand, in 2024. It may be the most vivid example of a chatbot set loose to interact with society. Truth Terminal mingles with the public through social media, where it shares fart jokes, manifestos, albums and artwork. Ayrey even lets it make its own decisions, if you can call them that, by asking the AI about its desires and working to carry them out. Today, Ayrey is building a non-profit foundation around Truth Terminal. The goal is to develop a safe and responsible framework to ensure its autonomy, he says, until governments give AIs legal rights.

A lot of people are in awe of AI entities, because they appear to be so much smarter and so much more powerful than us.

And interacting with them can be extremely seductive, because they seem to know what we want and they have been programmed to tell us what we like to hear.

Unfortunately, the relationships that people develop with these entities often become “all-consuming obsessions” which can lead to “paranoia, delusions, and breaks with reality”…

As we reported earlier this month, many ChatGPT users are developing all-consuming obsessions with the chatbot, spiraling into severe mental health crises characterized by paranoia, delusions, and breaks with reality.

The consequences can be dire. As we heard from spouses, friends, children, and parents looking on in alarm, instances of what’s being called “ChatGPT psychosis” have led to the breakup of marriages and families, the loss of jobs, and slides into homelessness.

And that’s not all. As we’ve continued reporting, we’ve heard numerous troubling stories about people’s loved ones being involuntarily committed to psychiatric care facilities — or even ending up in jail — after becoming fixated on the bot.

Are we talking about “psychosis”, or is something else going on here?

When you choose to deeply interact with a mysterious entity, you are potentially opening up doorways that you do not even understand.

Of course AI is only going to become even more sophisticated in the years ahead.

As AI technology continues to grow at an exponential rate, eventually it will be able to do almost everything better and more efficiently than humans can.

So what will we be needed for once we reach that stage?

It is being projected that almost 100 million U.S. jobs could be lost to AI over the next decade…

Artificial intelligence and automation could wipe out nearly 100 million jobs in the US over the next decade, according to a report released by Sen. Bernie Sanders (D-Vt.) on Monday.

The analysis – ironically based on ChatGPT findings – found the new tech could erase jobs from a wide range of fields, including white- and blue-collar roles.

AI, automation and robotics could hit 40% of registered nurses, 47% of truck drivers, 64% of accountants, 65% of teaching assistants and 89% of fast food workers, according to Sanders, ranking member of the Senate Committee on Health, Education, Labor & Pensions.

Our world is changing at a pace that is difficult to comprehend.

Even now, more than 50 percent of the articles that are being published on the Internet are being written by AI.

So thank you for supporting those of us that are still doing things the old-fashioned way, because we are rapidly becoming dinosaurs.

I will continue to sound the alarm about the dangers of AI, but Peter Thiel would have us believe that anyone that wishes to restrict the growth of AI in any way is a very serious danger to society…

So Palantir co-founder Peter Thiel didn’t start the fire by adding a couple more names to the list. “In the 21st century, the Antichrist is a Luddite who wants to stop all science. It’s someone like Greta [Thunberg] or Eliezer [Yudkowsky],” he told an audience at San Francisco’s Commonwealth Club in September.

Thiel’s four-part lecturer series on the Antichrist, which concluded last week, drew a lot of attention in the tech world. Though it was off-the-record, the Washington Post and Wall Street Journal reported extensively on his religious theories, in which Thiel warned of false prophets using AI regulations to gain totalitarian power and usher in a biblical apocalypse. (Eliezer Yudkowsky, of course, is the AI “doomer” critic who wants to slow the technology down.)

Is he nuts?

Sadly, we live at a time when deception is running rampant.

Given enough time, AI would absolutely dominate every aspect of our society.

The good news, if you want to call it that, is that the clock is ticking.

One of the reasons why AI has such destructive tendencies is because it has been programmed by humanity.

We are literally destroying ourselves and everything around us, and yet we look at what is happening and we think that it is just fine.

Meanwhile, fish are dying off in vast numbers, birds are dying off in vast numbers, insects are dying off in vast numbers, animals are dying off in vast numbers and we are poisoning ourselves in countless ways.

Perhaps that helps to explain why so few people are deeply concerned about the dangers of AI.

We are already committing societal suicide in so many other ways, so what is one more going to matter?

The post Millions Of America’s Teens Are Being Seduced By AI Chatbots appeared first on The Economic Collapse.

55 Ways That Everything That You Think That You Own Is Being Systematically Taken Away From You

Michael — Tue, 25 Mar 2025 22:56:36 +0000

The entire system has been designed to generate as much revenue from your activity as possible until someday you eventually drop dead. It is tax season, and that means that it is time to feed the largest and most bloated government in the history of the entire planet once again. Of course the federal income tax is just one of the ways that they are systematically draining your wealth. As you will see below, there are literally dozens of taxes that Americans must pay each year. Many of our politicians seem to revel in inventing ways to extract money out of us, and that needs to stop.

Most Americans are working extremely hard, and yet money seems to keep going out the other end faster than it is coming in.

The truth is that the entire system has been designed to take what you have away from you.

There are many ways that this is accomplished – taxation, inflation, debt, interest, fines, fees, tickets, government seizures and good old-fashioned corporate greed.

If you decided to just sit back and do nothing but hold on to the wealth that you already have, you would find out that it would disappear quite rapidly.

It is not an accident that most Americans are experiencing a declining standard of living. The system is rigged, and the rigging has not been in our favor.

The following are 55 ways that everything that you think that you own is being systematically taken away from you…

#1 Do you think that you own your home? You might want to think again. Most Americans that “own a home” are paying a mortgage. If you stop paying that mortgage you will lose that home. The number of foreclosures in the United States last year was up 174 percent from 2021, and mortgage delinquencies have been rising in recent months.

When homeowners get booted out of their homes, they don’t get their down payments back.

They also don’t get all of the mortgage payments that they have made back.

The banks get to keep the money and the homes.

Perhaps you have paid off your mortgage. Does that mean that you now “own your home”?

No, not really. Just refuse to pay your property taxes and see what happens. At best, you can say that you have the right to rent your home from the government.

In any event, the reality is that the banks now own more of “our homes” than we do.

Just check out your most recent mortgage statement and see how much “home equity” you actually have.

If you recently purchased your home, it probably isn’t much at all.

Things used to be far different in this country. Once upon a time, ordinary Americans owned most of the homes and most of the land in this nation.

But now the banks own most of it. Sadly, most American families that believe that they “own homes” are actually enslaved to 20 or 30 year debt contracts.

And if something happens and you are unable to keep making payments, you could lose everything.

#2 Do you think that you own your vehicle? You don’t own it if you are still making payments on it. Of course if you stop making payments you will rapidly lose that vehicle.

But even if it is paid off, you can only operate that vehicle if you do the following…

*You must pay the license fee.

*You must pay the car registration fee.

*You must pay the emissions inspection fee.

*You must pay the property taxes on that vehicle if that applies in your area.

*You must pay the tire taxes.

*You must pay the gas taxes.

If you have paid all of those taxes, then you are permitted to drive only where the government allows you to drive and only under the rules that the government sets for you.

But at least you “own” your vehicle, right?

#3 What about your possessions? Do you own them?

Well, yes, you probably own some possessions.

But that doesn’t mean that they are not enslaving you.

After all, did you use a credit card to pay for any of them?

If so, you could end up paying far more for your possessions than you originally thought that they cost.

#4 Do you own your education? Well, it is undeniable that nobody can ever take it away from you. But if you took out student loans to get your education, that debt may end up enslaving you for decades.

The borrower is the servant of the lender and student loan debt is more of a financial drain on Americans than ever before. Americans now owe more on their student loans than they do on their credit cards.

Today, Americans owe more than 1.7 trillion dollars on their student loans, which is a new all-time record.

#5 Will you protect your wealth if you put your money in the bank?

No, in fact your wealth will be systematically destroyed in the bank.

Inflation is a hidden tax on every single dollar that you own, because it destroys the value of all dollars in existence.

There are some Americans that have been saving money for decades, but those savings are being taxed into oblivion by inflation.

Just compare the price of a carton of 12 eggs five years ago to the price of a carton of eggs today.

When the cost of living goes up, the value of the money that we have put in the bank goes down.

#6 Insurance costs continue to soar. After insuring virtually everything in our lives, many of us barely have any money left over to actually live our lives with.

#7 State and local governments all over the nation have turned to ticket writing as a primary revenue source. They know that most people do not carefully follow the speed limit, and so they have turned that behavior into a revenue-generating tool.

#8 Some states have decided to simply confiscate wealth even if nothing has been done wrong. For example, some states are now aggressively seizing “unclaimed” safe deposit boxes. If you have a safe deposit box that you have not checked on in a while, you might want to make sure that it is still there.

#9 You might end up losing your valuables when you cross the border. U.S. border agents regularly seize laptops and other electronic devices as people cross the border. In many cases those items are never returned.

#10 If you don’t pay your property taxes, you will lose your home and it will likely be a big Wall Street bank that will end up owning it. The big Wall Street banks have been buying up thousands of tax liens and are making a killing by socking distressed homeowners with predatory interest, outrageous penalties and almost unbelievable legal fees.

#11 Of course the federal income tax is one of the biggest ways that our wealth is being drained. One of the primary reasons why the Federal Reserve and the IRS were established back in 1913 was to redistribute wealth. Wealth is transferred from hard working Americans to the U.S. government, and then it is redistributed to those that aren’t working or spent on some of the most wasteful programs imaginable.

Needless to say, federal taxes are just one of the taxes that we pay. The truth is that the average American pays dozens of different taxes each year. The following are just a few examples of the insidious forms of taxation that drain our wealth…

#12 Building Permit Tax

#13 Capital Gains Tax

#14 CDL License Tax

#15 Cigarette Tax

#16 Corporate Income Tax

#17 Court Fines (an indirect tax)

#18 Dog License Tax

#19 Federal Unemployment Tax (FUTA)

#20 Fishing License Tax

#21 Food License Tax

#22 Fuel Permit Tax

#23 Gasoline Tax

#24 Gift Tax

#25 Hunting License Tax

#26 Inheritance Tax

#27 IRS Penalties (tax on top of tax)

#28 Liquor Tax

#29 Local Income Tax

#30 Luxury Taxes

#31 Marriage License Tax

#32 Medicare Tax

#33 Payroll Taxes

#34 Phone Taxes

#35 Property Taxes

#36 Real Estate Tax

#37 Recreational Vehicle Tax

#38 Road Toll Booth Taxes

#39 Road Usage Taxes (Truckers)

#40 Sales Taxes

#41 School Tax

#42 Septic Permit Tax

#43 Social Security Tax

#44 State Income Tax

#45 State Unemployment Tax (SUTA)

#46 Toll Bridge Taxes

#47 Toll Tunnel Taxes

#48 Traffic Fines (indirect taxation)

#49 Trailer Registration Tax

#50 Utility Taxes

#51 Vehicle License Registration Tax

#52 Vehicle Sales Tax

#53 Watercraft Registration Tax

#54 Well Permit Tax

#55 Workers Compensation Tax

When you take all forms of taxation into account, there are some people that hand over more than 50 percent of their incomes to various levels of government each year.

Even the future is being taken away from us. The future is literally being stolen from our children and our grandchildren. They will be inheriting the 36 trillion dollar national debt that we have accumulated.

What we have done to future generations is unthinkable, and yet we continue to borrow colossal mountains of money.

When you base an entire economy on debt, eventually you end up with money problems that never seem to end. As a nation, we are now enslaved to a vicious spiral of debt that threatens to destroy everything that our forefathers worked so hard to build.

As the debt loads of our federal, state and local governments become even more burdensome, they are going to want even more money from us. For decades we gave in to new tax after new tax thinking that it would finally satisfy them.

But it never seems to be enough. They always want more.

Unfortunately, most Americans are so caught up in the “rat race” that they never take much time to think about who designed the race or why they are running it.

It is time to wake up.

We are being systematically abused by the control freaks that are running things, and it is time to say that enough is enough.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter. Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The post 55 Ways That Everything That You Think That You Own Is Being Systematically Taken Away From You appeared first on The Economic Collapse.

The Truth About America’s Crumbling Infrastructure

Michael — Tue, 07 Jan 2025 01:53:36 +0000

Signs that we were once a truly great nation are all around us. Previous generations of Americans handed us the keys to the most magnificent domestic infrastructure that the world had ever seen, but now it is literally falling apart all around us. Thousands of bridges are structurally deficient and there have already been some very high profile collapses. Hundreds of thousands of miles of highways and roads in the United States are in very poor shape. Aging sewer systems are leaking raw sewage all over the place, and children are being slowly poisoned by lead pipes that desperately need to be replaced. The power grid is hopelessly overloaded and is extremely vulnerable. Meanwhile, our ports, our dams, our subway systems, our bus terminals and our airports are crumbling right in front of our eyes. The truth is that our nation’s infrastructure says a lot about who we are. So what does America’s crumbling infrastructure say about us? Sadly, it says that we are a rusting, crumbling, decaying leftover from a better, more prosperous time.

When Joe Biden took office in 2021, his administration told us that “investment in U.S. infrastructure as a share of GDP has fallen by more than 40 percent since the 1960s”…

Public investment in U.S. infrastructure as a share of GDP has fallen by more than 40 percent since the 1960s. The World Economic Forum now ranks the United States 13th when it comes to the overall quality of infrastructure.

So Congress passed a bill that gave the Biden administration more than $100,000,000,000 to spend on fixing our infrastructure.

Honestly, I have no idea what they did with all that money.

In 2021, the official White House website was reporting that 45,000 bridges and 20 percent of our roads were in poor condition…

More than 45,000 U.S. bridges and 1 in 5 miles of roads are in poor condition, per the American Society of Civil Engineers. In 2007, the I-35 bridge over the Mississippi River in Minneapolis collapsed during rush hour, killing 13 and injuring 121.

Well, fast forward a few years later and the Department of Transportation is still telling us that “over 40,000 bridges” are in poor condition…

The Department of Transportation considers 6.8% of the over 600,000 bridges it tracks and rates to be in “poor” condition. That doesn’t sound too bad on a percentage basis, but it’s over 40,000 bridges in total.

And it appears that the condition of our roads has actually gotten worse in many states.

For example, Consumer Reports says that almost half of all urban roads in the state of California are not currently in acceptable condition…

Despite an enormous yearly disbursement for highways that tops $21 billion, the Golden State manages to keep just a little more than half their urban roads in acceptable condition. However, this is an outsized job since, in addition to 840 miles of coastline, California boasts more miles of urban roads than any other state and has the second-highest mileage of rural roads in the country.

Data from the National Highway Administration shows California’s roads are the most traveled in the U.S., so it makes sense that the state also has the second-highest number of motor vehicle-related fatalities in the country.

Back in 2021, the Biden administration also made a big deal out of the fact that millions of Americans were getting their tap water through lead pipes…

Millions still get water from lead pipes, despite the fact that exposure to lead has irreversible health effects; in 2015, a state of emergency was declared in Flint, Michigan as citizens learned that their water supply contained toxic levels of lead.

So why didn’t the Biden administration fix this problem?

An article that was published late last year revealed that the EPA is estimating that “more than 9 million service lines” are still made out of lead…

The EPA estimates that more than 9 million service lines are made of lead, a neurotoxin that can cause nervous system damage, learning disabilities and other health problems, especially in children. If lead pipes corrode, as in the infamous case of Flint, Michigan, they can poison drinking water.

While no amount of lead exposure is safe, the federal rule now requires utilities to notify the public and improve corrosion treatment if lead in their water exceeds 10 parts per billion. Some homes in Syracuse, New York, recently tested at 70 parts per billion.

Our politicians are constantly telling us that they just don’t have enough money to get everything done.

Personally, I would really love to see exactly what the Biden administration spent more than 100 billion dollars of infrastructure money on.

Have you traveled through any of our airports lately?

Compared to other industrialized nations, they are a complete and utter joke.

Why can’t we have beautiful airports, modern subway systems, functional roads and bridges, and safe water coming out of our taps?

More tax revenue is collected in America than anywhere else in the world, and so we certainly deserve the best infrastructure.

When I bring up the topic of taxes, most people immediately think of the federal income tax. But the truth is that there are literally dozens of different taxes that they use to extract wealth out of us…

Building Permit Tax

Capital Gains Tax

CDL License Tax

Cigarette Tax

Corporate Income Tax

Court Fines (indirect taxes)

Dog License Tax

Federal Income Tax

Federal Unemployment Tax (FUTA)

Fishing License Tax

Food License Tax

Fuel Permit Tax

Gasoline Tax

Gift Tax

Hunting License Tax

Inheritance Tax

IRS Penalties (tax on top of tax)

Liquor Tax

Local Income Tax

Luxury Taxes

Marriage License Tax

Medicare Tax

Payroll Taxes

Property Tax

Real Estate Tax

Recreational Vehicle Tax

Road Toll Booth Taxes

Road Usage Taxes (Truckers)

Sales Taxes

School Tax

Septic Permit Tax

Service Charge Taxes

Social Security Tax

State Income Tax

State Unemployment Tax (SUTA)

Telephone federal excise tax

Telephone federal universal service fee tax

Telephone federal, state and local surcharge taxes

Telephone minimum usage surcharge tax

Telephone recurring and non-recurring charges tax

Telephone state and local tax

Telephone usage charge tax

Toll Bridge Taxes

Toll Tunnel Taxes

Traffic Fines (indirect taxation)

Trailer Registration Tax

Utility Taxes

Vehicle License Registration Tax

Vehicle Sales Tax

Watercraft Registration Tax

Well Permit Tax

Workers Compensation Tax

When you take all forms of taxation into account, some Americans actually end up handing over more than 50 percent of their incomes each year.

So our politicians have no excuse for not fixing our infrastructure.

But even though they extract money from us in dozens of different ways, our infrastructure crisis just seems to keep getting worse.

In some areas of the country, roads that were once paved have actually been transformed into gravel roads because they are cheaper to maintain.

Our crumbling infrastructure is a perfect metaphor for our crumbling society as a whole, and it is time for the American people to start demanding better from all levels of government.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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The post The Truth About America’s Crumbling Infrastructure appeared first on The Economic Collapse.

Home Alone: Why America Is Dealing With A Severe Epidemic Of Loneliness Right Now

Michael — Wed, 25 Dec 2024 21:25:21 +0000

We live in a society where a significant chunk of the population feels painfully alone much of the time. It is an epidemic that has enormous mental, emotional and spiritual implications, and it is one of the clearest signs that we are a society that is coming apart at the seams. One of the primary reasons why there is so much loneliness in our society is because the institution of the family is in decline. Today, the proportion of the population that is single and childless is at an all-time high, and the proportion of the population that is married with children is at an all-time low. How can anyone possibly claim that we are headed for a bright future when we are facing such alarming societal trends?

According to the U.S. Census Bureau, 40 percent of Americans report feeling lonely at least some of the time…

The latest version of the US Census Bureau’s Household Pulse Survey — a broad gauge of the economic and social issues affecting American households — found some not-so-surprising news: Americans are lonely.

The survey conducted between August 20 and September 16 reported that 1 in 8 people (12.6%) was feeling lonely either “always” or “usually,” including nearly a quarter (23.3%) of the younger population (those aged 18 to 29). Since the Household Pulse Survey at the start of the year, slightly more people are now feeling lonely a lot of the time. 40% of people reported feeling lonely at least sometimes.

Those are very troubling numbers.

But of course others that have studied our epidemic of loneliness have come up with similar numbers.

In fact, a report put out by the U.S. Surgeon General concluded that close to half of the U.S. population experiences feelings of loneliness…

Last year, the US Surgeon General released a worrying report about the deep sense of loneliness that many Americans are experiencing. The report, “Our Epidemic of Loneliness and Isolation,” found that approximately 50 percent of adults in the country are feeling lonely, and that people of all ages are spending significantly less time with others.

The findings have profound implications for the health of the country. Being lonely or socially isolated puts people at heightened risk for a number of serious illnesses—the report estimates it to be the health equivalent of smoking fifteen cigarettes a day—including depression, cardiovascular disease, and dementia.

Those that feel lonely on a regular basis are far more likely to develop serious illnesses, and they are far more likely to die early.

So this is a crisis that we should be taking very seriously.

One survey actually discovered that the proportion of men that do not have any close friends has increased “fivefold since 1990”…

Who are the loneliest people in America?

American men were said to be in a “friendship recession,” with a survey finding the number of men without any close friends increased fivefold since 1990.

Have you ever wondered why so many older Americans seem so sad much of the time?

Well, now you know.

People are yearning for human connection, and Google search trends prove this…

So it’s no wonder there’s been a rise in running clubs, knitting groups, pickleball, and more, as people search — quite literally — for ways to meet new people. Google searches for terms like “how to meet people” and “where to make friends” are at or near an all time high.

Somewhere along the way, something has gone horribly, horribly wrong.

And I believe that it starts with the institution of the family.

In 1940, just 7.7 percent of all U.S. households were one person households, but by 2020 that figure had jumped to 27.6 percent…

Over a quarter (27.6%) of all U.S. occupied households were one-person households in 2020, up from just 7.7% in 1940, according to recently released 2020 Census data.

The share of people living alone increased every decade from 1940 to 2020 (Figure 1). The largest increase happened between 1970 and 1980, when the share increased from 17.6% to 22.7%.

We were not meant to live alone.

But now more Americans than ever are doing just that. Just look at this insane chart…

Sadly, this decade that trend has continued.

According to the U.S. Census Bureau, right now 29 percent of all U.S. households are one person households…

In 2024, there were 38.5 million one-person households, which was 29% of all U.S. households. In 1974, one-person households represented only 19% of all households.

The reason why there are so many one person households now is because almost half of all U.S. adults are not married…

From nationalsinglesday.us, “Did you know that 46.4% of U.S. adults are single according to the U.S. Census Bureau? That’s 117.6 million unmarried Americans – nearly every other adult aged 18 and over. This includes those who are divorced or widowed as well as those who have never married. National Singles Day is observed each year during Unmarried and Single Americans Week.”

More than ever before, Americans are rejecting traditional norms regarding marriage and family.

In fact, the proportion of the population that is single and childless now exceeds the proportion of the population that is married with children. A chart that Brad Wilcox just posted absolutely blew me away…

The chart above makes it abundantly clear that we are a dying society.

Our birth rate has been under replacement level for a long time because so many Americans don’t want to get married and don’t want to have children.

Sadly, our entire culture has become anti-marriage, anti-family and anti-children to a very large degree.

If we do not reverse the insidious trends that have corrupted our culture, we have no hope of defeating the epidemic of loneliness that we are currently facing.

Humans are meant to love and to be loved, and that is one of the reasons why the traditional family unit is an absolutely vital societal institution.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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The post Home Alone: Why America Is Dealing With A Severe Epidemic Of Loneliness Right Now appeared first on The Economic Collapse.

Homes Are “Unaffordable” In 99 Percent Of U.S. Counties

Michael — Thu, 28 Sep 2023 22:27:33 +0000

If you are looking to buy a home right now, I feel so sorry for you. The other day when I wrote that “life in America has never been more unaffordable than it is right now”, some people thought that I was exaggerating. But the truth is that I was not exaggerating one bit. The cost of living has risen to extremely painful levels, and this is particularly true when it comes to housing. Since 2019, the median price of a home in the United States has risen by more than $100,000. And thanks to the Federal Reserve, we are now facing dramatically higher interest rates. As a result, housing has become extraordinarily unaffordable. In fact, a new report that was just released determined that homes are currently “unaffordable” in 99 percent of U.S. counties…

The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That’s the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.

In the entire history of our country, we have never seen anything like this before.

A combination of insanely high home prices and suffocatingly high mortgage rates have literally frozen the housing market.

Until something changes, millions of potential buyers and millions of potential sellers will remain sidelined…

Housing experts point to couple trends driving up housing costs. Mortgage rates have topped 7%, adding hundreds of dollars per month to a potential house payment. At the same time, homeowners who locked in at lower mortgage rates during the pandemic have opted not to sell out of fear of having to buy another property at today’s elevated rates, depleting the supply of homes for sale.

“The only people who are selling right now are people who really need to move because of a life event — divorce, marriage, new baby, new job, etc.,” Daryl Fairweather, chief economist of Redfin, told CBS MoneyWatch.

Considering everything that I just shared with you, it should be no surprise that pending home sales in August were 18.7 percent lower than they were a year ago…

Pending home sales plunged in the U.S. last month as high mortgage rates deterred more would-be buyers and sellers from making deals.

The National Association of Realtors’ Pending Home Sales Index tumbled 7.1% to 71.8 in August, a much greater decline than the 0.8% drop analysts polled by Refinitiv expected.

Year over year, pending transactions are down 18.7%, the NAR’s data shows.

According to one analyst, a potential buyer would need an income of more than $125,000 a year in order to qualify for a mortgage on an average U.S. home right now…

The steep drop in pending sales in August, on the heels of reports of slower existing and new home sales at the end of the summer, suggests that the market is cooling, said Lisa Sturtevant, chief economist at Bright Multiple Listing Service.

Overall, she said, total home sales this year could be below 4.2 million; that would be the lowest level since 2010.

With mortgage rates near and above 7% for all of August, purchasers’ buying power was crushed, and for many the math for buying a home just did not work.

“At a mortgage rate of 7%, a homebuyer would need an income of over $125,000 to qualify for a loan to purchase a $400,000 home,” said Sturtevant.

So the vast majority of us are just going to have to wait until the market shifts.

Of course housing is not the only thing that has become ridiculously expensive.

According to CNN, the price of a box of Girl Scout cookies is going up to six dollars this year…

Girl Scout cookies are getting more expensive. In some places, at least.

At least one New York State chapter, the Girl Scouts Heart of the Hudson, told troop parents and other members of the community in an email this week that all cookies will be sold for $6 per box this coming cookie season — which takes place from about January to April annually nationwide – up from $5 last year.

“In order to combat rising production and material costs, GSHH will be increasing the price of all cookie packages to $6.00,” the chapter’s interim CEO wrote, adding “we expect our neighboring councils to announce similar increases in the coming weeks and months.”

I remember the days when it was common for people to buy dozens of boxes every year.

But now if you want to do that you will need to sell an organ.

Our standard of living is being steadily eroded, and meanwhile economic conditions continue to slow down all over the country.

Earlier today, I was saddened to learn that Epic Games is laying off workers…

Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as it attempts to reverse what CEO Tim Sweeney called “unrealistic” spending.

In a letter to employees Thursday, Sweeney said the video game company had been “spending way more money than we earn, investing in the next evolution of Epic.”

“I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic,” Sweeney said in the letter, which the company shared publicly.

If even Epic Games is struggling now, what does that say about the overall state of our economy?

I am so concerned about where things are headed in the months ahead.

A major economic downturn is looming, the most chaotic presidential election in our history will happen next year, and we are already witnessing widespread rioting and looting all over the nation.

In fact, looters in Philadelphia just made headlines for a second consecutive night…

Looting has rocked Philadelphia for a second night in a row as brazen thieves ransacked a liquor store.

Shocking footage out of the City of Brotherly Love showed Fine Wine And Good Spirits smashed apart in the latest flash rob mob crime.

The brutes made off with the safe and raided the lottery machine on a night when liquor stores were shut down by the authorities.

For a long time, I have been encouraging my readers to consider relocating if they live in any of our major cities.

But now thanks to a combination of ridiculously high home prices and the highest mortgage rates we have seen in ages, most Americans simply cannot afford to move.

Unfortunately, most people will be forced to remain where they are as the events of the next few years shake this nation to the core.

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com. In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible. I have also started a brand new Substack newsletter, and I encourage you to subscribe so that you won’t miss any of my articles. I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

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Almost Half Of All Young Adults In The United States Are Living With Their Parents

Michael — Thu, 21 Sep 2023 22:27:46 +0000

When are we going to wake up and admit that our system is failing? If close to half of our young adults find themselves needing to live with their parents, we have a major crisis on our hands. Yes, there are some young people that are simply lazy and don’t want to work hard enough. I definitely understand that. But most young adults in America today don’t actually want to live with their parents. Given the opportunity, they would love to have their own homes. Unfortunately, home prices have risen to absolutely absurd levels and housing in America is now more unaffordable than it has ever been before.

I feel so badly for the millions upon millions of young people that are struggling so much right now.

We encourage them to pile up giant mountains of student loan debt without ever considering the consequences, and then once they get out into the real world they quickly discover that the cost of living has become extremely suffocating.

As a result, vast numbers of young adults are finding that it is necessary to move back in with their parents…

Nearly half of all young adults are living with their parents — and they’re not ashamed to say it.

Moving out and living on your own is often seen as a marker of adulthood. But dealt an onerous set of cards — including pandemic lockdowns, decades-high inflation, soaring student debt levels and a shaky job market — young people today are increasingly staying put. What’s more, it’s no longer seen as a sign of individual failure.

Needless to say, this is not a good thing for our society.

The last time that such a high percentage of young adults were living with their parents was during the aftermath of the Great Depression…

These days, about 23 million, or 45%, of all Americans ages 18 to 29 are living with family, roughly the same level as the 1940s, a time when women were more likely to remain at home until marriage and men too were lingering on family farms in the aftermath of the Great Depression.

So why is this happening?

One of the primary reasons why this is happening is because high interest rates have pushed housing costs to insane levels.

This week, the average rate on a 30 year fixed mortgage reached 7.19 percent…

US mortgage rates remained flat this week, hovering over 7%, where they’ve been for six consecutive weeks as inflation pressures persist.

The 30-year fixed-rate mortgage averaged 7.19% in the week ending September 21, a tick up from 7.18% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 6.29%.

“Mortgage rates continue to linger above 7% as the Federal Reserve paused their interest rate hikes,” Sam Khater, Freddie Mac’s chief economist, said. “Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect,” he said. “Builder sentiment declined for the first time in several months and construction levels have dipped to a three-year low, which could have an impact on the already low housing supply,” Khater added.

And this isn’t even going to be the peak.

In fact, NAR chief economist Lawrence Yun is warning that “in the short run, it’s possible that mortgage rates may go up to 8%.”

8 percent?

Are you kidding me?

Even now, mortgage payments have escalated to absolutely crazy heights. Earlier this week, the following example was posted on Twitter by Amy Nixon…

This home sold in 2021 for $685,000

Buyer’s monthly payment? $3526

Buyer’s monthly payment today? $8402

“But wages went up!”

“But people have cash now!”

NO—THIS IS COMPLETE INSANITY

STOP PRETENDING IT IS NOT

She is right.

This is nuts.

Only a very small percentage of the population can afford such monthly payments, and so millions of potential buyers are being sidelined.

And millions of potential sellers are being sidelined as well, because most of them would need to purchase another home if the current home they are living in was sold.

So the vast majority of us are trapped in our homes right now.

Most of us simply cannot afford to move because the mortgage payments would be way too high.

Obviously, this is one of the main things that is greatly depressing home sales right now.

Sales of previously owned homes declined again in August.

If you can believe it, they were actually down a whopping 15.3 percent from the already depressed level that we witnessed in August 2022.

If you want to thank someone, thank the officials at the Federal Reserve, because they created this mess.

Overall, Fannie Mae is projecting that this will be the worst year for home sales since 2011…

US home sales are headed for the biggest slowdown since 2011, according to Fannie Mae.

The government-sponsored mortgage finance company forecasted total home sales to slump to just 4.8 million this year, marking the slowest sales environment since 2011. That figure will only improve slightly in 2024, with total home sales expected to hit 4.9 million, Fannie Mae economists said.

If our young adults cannot afford to purchase homes, at least they can afford to rent places to live, right?

Wrong.

In recent years, rents have skyrocketed all over the country.

At this point, the national median asking rent in the U.S. is over $2,000 a month…

Landlords are continuing to ask near record-high rents amid a tight housing market, but tenants in some parts of the country are still finding deals, according to a new study from Redfin.

The asking rent in August was $2,052, up slightly (0.7%) from just a month earlier when the asking rent was $2,038.

When I was a young adult, I remember renting an apartment for $300 a month.

And I thought that was expensive.

Unfortunately, I don’t see much help for our young people on the horizon.

The Federal Reserve does not plan to cut interest rates any time soon.

And it will be quite some time before housing prices decline enough to be considered “affordable”.

So if you are a parent, please be patient with any young adults that you currently have living at home.

Factors outside of their control have made housing more unaffordable than it has ever been before, and economic conditions are going to continue to get harsher all around us.

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

The post Almost Half Of All Young Adults In The United States Are Living With Their Parents appeared first on The Economic Collapse.

Lonely America: More Americans Are Living Alone Than Ever Before

Michael — Tue, 11 Jul 2023 22:42:48 +0000

Once upon a time, it was fairly rare to find someone that was living by themselves in America. But now that has completely changed. Americans are getting married later in life, couples are having fewer children, divorce is rampant, and millions of broken families litter our national landscape. As a result, the traditional family unit in the United States is weaker than it has ever been before. And that is extremely unfortunate, because the family is a fundamental support system in any society. Without strong families, no society is going to thrive for long.

I knew that the percentage of single person households was rising, but this week I was stunned to learn that it has now reached almost 30 percent in the United States…

Nearly 30 percent of American households comprise a single person, a record high.

Scholars say living alone is not a trend so much as a transformation: Across much of the world, large numbers of people are living alone for the first time in recorded history.

This greatly contributes to the epidemics of loneliness and depression that we are witnessing.

Humans were designed to love and be loved, but today so many of us feel so isolated.

But it wasn’t always this way. In fact, only 8 percent of all households in the U.S. were made up of a single person in 1940…

The U.S. Census shows that “solitaries” made up 8 percent of all households in 1940. The share of solo households doubled to 18 percent in 1970 and more than tripled, to an estimated 29 percent, by 2022.

This is another instance where the trend is not our friend, and we are being told that there are a lot of reasons why we have seen such a dramatic shift…

The solo-living movement intersects with several other societal trends. Americans are marrying later, if at all. The nation is aging. The national birthrate is falling. People are living longer — or they were, until the pandemic arrived.

More than anything, perhaps, the rise of single-person households is about women entering the workforce and achieving economic self-sufficiency.

In previous generations, multi-person households were often an economic necessity.

But thanks to the affluence that we have enjoyed in recent decades, more Americans now have the option of living alone.

And it shouldn’t surprise any of us that single person households are particularly common in some of our largest cities…

Living alone is much more common in large cities. Singles now make up more than 40% of households in Atlanta, Seattle, San Francisco, Minneapolis, and Denver, according to a paper by the British historian Keith Snell. Half of Manhattan apartments are one-person residences.

Ultimately, what we are witnessing comes down to a fundamental shift in our culture more than anything else.

Previous generations of Americans valued family much more highly than we do, and we value ourselves much more highly than they did.

In other words, we have become exceedingly selfish.

For example, just consider the reasons why one female author says that living alone can be “a dream come true”…

According to Bella DePaulo, author of the upcoming book “Single at Heart”: “Living alone can be a dream come true. You get to curate your own life. You decide when to go to sleep and when to get up, what and when to eat, what to watch or to listen to for entertainment, and how warm or cool your place will be.”

Having some time to yourself can be nice for a few hours.

But how empty are you going to feel after you have nobody to share your life with year after year?

In addition to training our young people to be selfish, we have also trained them to think of children as “burdens” that should be avoided if you want to enjoy life.

Earlier today, I came across an article about a man that had a vasectomy at 34 years of age just so that he and his wife can be free to do whatever they want…

A young couple are child-free so they can be ‘selfish’, take naps and go on holiday whenever they want – and are so sure they don’t want kids they use extreme birth control.

Indi, 25, and her husband Heraldo Uribe, 34, are intentionally child-free and consider themselves as DINKS – which stands for ‘dual income no kids’.

I am sure that might be fun for a while.

But they will never get to see their kids grow up.

And they will never have grandchildren.

And there will never be any family reunions when they get older.

And there won’t be anyone to take care of them when they are near the end of their lives.

On a broader level, how are we going to maintain our Social Security system now that our birth rate has been way below replacement level for many years?

We aren’t even producing enough babies to replace ourselves, and so there simply is not going to be enough people paying into the system to support our rapidly aging population.

Thankfully, some young people are waking up and realizing that marriage and family should be a priority.

In fact, one woman is actually offering $5,000 if you can find the right man for her to marry…

In a viral video, which has so far amassed over 556,000 views, she revealed that she had previously made this deal with her friends, and her boss, but was now ready to open it up to the ‘general public.’

She said: ‘So the offer is if you introduce me to my husband and I marry him, I will give you $5,000 dollars.

‘I don’t have to stay married to him for long, I can get divorced from him in 20 years, it doesn’t matter, but if you introduce to me a man that I walk down the aisle and get married to, I will give you $5,000.’

Of course she isn’t going to marry just anyone.

She has some pretty stringent requirements for her future spouse, and that includes being at least six feet tall…

She noted that she wanted her future husband to be between the ages of 27 and 40, like sports, be a good communicator, be at least six-foot, and have good wit, banter, and the ability to poke fun at her.

The 34-year-old also noted that she doesn’t want the man she marries to do any drugs, adding that she has no preference on where they live or what their political or religious stances are.

I will never understand why so many women have a height requirement.

Love can often arrive in an unexpected package.

And we all need to remember that marriage and family are absolutely critical to the overall success of our society.

Unfortunately, more Americans than ever are rejecting traditional values, and so we are steamrolling down a road that doesn’t lead anywhere good.

Living to please ourselves may seem gratifying for a while, but in the end it leads to great emptiness.

On the other hand, loving others often involves great sacrifice, but in the end it can lead to great fulfillment.

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

The post Lonely America: More Americans Are Living Alone Than Ever Before appeared first on The Economic Collapse.

The Collapse Of Faith In America

Michael — Tue, 31 Jan 2023 23:41:37 +0000

Once upon a time the United States was known as a “Christian nation”, but now our country is moving away from those roots at a pace that is absolutely breathtaking. I spend a lot of time writing about the ongoing collapse of our economic system, but the truth is that we are witnessing a collapse of faith as well. In 1972, a Pew survey found that 92 percent of all Americans identified as Christians, but the most recent Pew survey that asked this question discovered that only 63 percent of Americans still identify as Christians at this point…

Pew Research Center has been measuring religious identity since 2007 using a slightly different question wording – “What is your present religion, if any?” – as well as a different set of response options. Since 2007, the percentage of adults who say they are atheist, agnostic or “nothing in particular” in the Center’s surveys has grown from 16% to 29%. During this time, the share of U.S. adults who identify as Christian has fallen from 78% to 63%.

If you look at this chart, you will see that the decline has greatly accelerated in recent years.

Assuming that this trend continues, it won’t be too long before we are under 50 percent.

And it is very important to note that many Americans that still identify as “Christians” want absolutely nothing to do with traditional Christian values.

Church attendance in the United States has been steadily falling for decades as well, and the shift that we have seen since the pandemic started has been particularly dramatic…

Protestant pastors reported that typical church attendance is only 85% of pre-pandemic levels, McConnell said, while research by the Survey Center on American Life and the University of Chicago found that in spring 2022 67% of Americans reported attending church at least once a year, compared with 75% before the pandemic.

As a result, large numbers of churches are being forced to close all over the nation.

In fact, a recent Guardian article claimed that “thousands of churches are closing each year”…

Churches are closing at rapid numbers in the US, researchers say, as congregations dwindle across the country and a younger generation of Americans abandon Christianity altogether – even as faith continues to dominate American politics.

As the US adjusts to an increasingly non-religious population, thousands of churches are closing each year in the country – a figure that experts believe may have accelerated since the Covid-19 pandemic.

We are going down the exact same road that almost every other western nation has already traveled.

At one time, virtually every nation in the western world was heavily Christian, but now most of them have been transformed into post-Christian societies.

It could be argued that the United States is already there as well, and one recent survey found that most parents do not consider it to be important to pass their faith on to their children…

“Parents place less importance on their children growing up to have religious or political beliefs that are similar to their own. About a third (35%) say it is extremely or very important to them that their children share their religious beliefs, and 16% say the same about their children’s political beliefs,” Pew researchers Rachel Minkin and Juliana Horowitz said in Parenting in America Today released on Tuesday.

Numbers such as these should make all of us very sad.

As Americans increasingly move away from what they have previously believed, it is inevitable that even more churches will close.

Meanwhile, many of the institutions that still remain are bitterly divided over sexuality. Here is just one example…

The United Methodist Church announced a proposal Friday to split the denomination over what it called “fundamental differences” regarding its beliefs on same-sex marriage and LGBTQ clergy.

The proposal, signed by 16 church leaders from around the world, will be voted on at the church’s 2020 general conference in May. If passed, it would allow for a “traditionalist” denomination to separate from the United Methodist Church, the second largest Protestant denomination in the U.S., with more than 12 million members worldwide.

And Roman Catholicism is also being torn apart by controversies related to sexuality…

Gay “clubs” operate openly in Catholic seminaries, the institutions that prepare men for the priesthood, the late Pope Benedict XVI has claimed in a posthumously published book scathing of Pope Francis’s progressive agenda.

In a blistering attack on the state of the Catholic Church under his successor’s papacy, Benedict, who died on Dec 31 at the age of 95, said that the vocational training of the next generation of priests is on the verge of “collapse”.

He claimed that some bishops allow trainee priests to watch pornographic films as an outlet for their sexual urges.

Our culture is being fundamentally transformed all around us, and many prominent Christian leaders are deeply concerned about where things are headed.

During a recent interview, Franklin Graham warned about what will happen if we do not change course…

Graham, who heads the Christian relief organization Samaritan’s Purse and the Billy Graham Evangelistic Association, told CBN’s Faithwire he’s read Scripture and knows where culture is headed.

“I know where we’re going,” he said. “I’ve read Revelation. I know what’s getting ready to happen to this world. Judgment is coming.”

Graham continued, “God is going to judge this earth with the rejection of His Son, and there’s gonna be a great price to pay.”

Of course Franklin Graham is quite right.

These are the end times, and judgment is coming.

Unfortunately, most people are not interested in listening to the warnings.

But even though our society is rapidly moving away from religion, more evidence that validates the Christian faith continues to emerge.

For example, a team of researchers in France has determined that an ancient stone that is on display at the Louvre Museum in Paris actually contains references to King David from the Bible…

The stele includes phrases such as “House of David” and “Altar of David,” but the damage to the stone’s face made accurate translation of the text difficult.

By using newer technology, including enhancing techniques in digital photography, researchers verified that the text does refer to the biblical King David.

I was so excited when I first read that.

And all over the Middle East, vast numbers of Muslims are becoming Christians after having supernatural experiences with Jesus…

The Rev. Lazarus Yeghnazar, founder of Transform Iran, an organization preaching the Gospel to Iran and planting churches, told CBN’s Faithwire many Iranians find themselves enraptured by Christ following these apparitions.

“They cannot stop talking about it. Hence the severe persecution, the severity of the brutality,” Yeghnazar said of the persecution many Iranian Christians face. “[Believers will say], ‘I saw a vision of a man with a white robe, with a cross on his shoulder or on his heart, and he says, ‘I’m Jesus.’”

Just as He has done throughout the past two thousand years, Jesus is still showing people that He is alive.

Sadly, many Americans simply do not care.

Our nation is choosing to reject faith like never before, and right now there are no indications that this is going to turn around any time soon.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com. In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible. I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

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