Source: WalletHub
Little wonder bankers are freaking out—mortgage applications are down in five of the past six weeks. And, because of the hardships created by the Trump tariffs and Thune shutdown Creighton University's Ernie Goss and his Rural Mainstreet Index have been warning of collapse for months. Now, that's becoming even more evident in the Midwest as credit card delinquencies spike.
- Inflation Fuels Debt Growth: Nearly 3 in 5 Americans believe high inflation is the factor contributing the most to rising debt levels.
- Dreary Debt Outlook: More than 2 in 5 people expect their household debt to increase in the next 12 months.
- Drowning in Debt: 56% of Americans say their household is struggling with debt.
- Owned by Credit Cards: More than 1 in 3 people feel like credit card companies own them.
- Financial Stress Impacts Wellbeing: 38% of Americans think their household debt is affecting their health.
- What to Focus On: More than 4 in 5 Americans think it’s important for people to track their net worth.
Governor Larry Rhoden and the Governor’s Office of Economic Development (GOED) have announced reduced interest rates for the state’s Rural Development loan programs, effective October 21, 2025. [KOTA radio]
Trump Approval Polling:
ReplyDeleteDisapprove: 53%
Approve: 46%
Rasmussen / Nov 4, 2025
(Republican Pollster)
"The Ag Credit Survey polled lenders in the Fed's 9th District, which includes Minnesota and the Dakotas. Nearly 80 percent of respondents said farm incomes had decreased since last year, and even more said they expect incomes to decline next quarter." MPR
ReplyDelete"Friction is emerging in the once unified GOP relationship between Speaker Mike Johnson (La.) and Senate Majority Leader John Thune (S.D.)."
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