Positive Inflation Trends Don’t Mean Household Budgets Are Healthy

As the Associated Press reported recently, the average long-term U.S. mortgage rate climbed further above 7% last week, reaching its highest level in more than 20 years. First, we should be relieved that our unemployment rate is at historic lows. A rate of 3.5 percent in July, according to the Bureau of Labor Statistics, is … Read more