Business

It is happening again.  All over America, borrowers are getting behind on their payments.  In particular, subprime borrowers are having a very difficult time paying the bills.  Does that ring a bell?  That should, because the last time we witnessed anything like this was during the last financial crisis.  When things start to go bad, those at the bottom of the economic food chain feel it first, and that is why the numbers that have been coming out lately are so alarming.

Charted: 50 Years of Music Industry Revenues, by Format

In the ever-changing world of music, 2022 marked yet another milestone.

For the seventh year in a row, recorded music revenues in the United States rose, hitting a record high of $15.9 billion.

The graphic above uses data from the Recording Industry Association of America to chart the music industry’s evolution over the last 50 years.

The Analog Era: Vinyl to Cassettes to CDs

The U.S. Mortgage Rate vs. Existing Home Sales

The U.S. 30-year fixed-rate mortgage has reached its highest level since 2002.

Coupled with rising home prices and a constrained housing inventory, U.S. housing affordability is now at its lowest point in history, according to the National Association of Realtors.