Credit Card Debt Hits Record $1.14 Trillion

Credit Card

More Americans are struggling financially as savings are significantly down and debt and delinquencies are up compared to four years ago.

Savings and disposable income are significantly down when comparing federal data under the Trump and Biden-Harris administrations.

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Report Challenges Harris’ Assertion That Higher Food Prices Equal Corporate Greed

Grocery Shopping

Rising grocery store prices over the last few years aren’t the fault of farmers or “greedy” corporations, a conservative North Carolina research organization concludes in a new documentary series and report.

Instead, higher energy prices and more regulations are the culprit, according to the John Locke Foundation documentary series Sowing Resilience.

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McMaster Signs Tax Credits for South Carolina Railroads and Abandoned Buildings

Henry McMaster

South Carolina Gov. Henry McMaster has signed a measure to extend tax credits for revitalizing abandoned buildings and South Carolina short-line railroads.

S. 1021, which the Republican governor “ceremonially” signed on Wednesday, extends the provisions of the South Carolina Abandoned Buildings Revitalization Act that were set to expire on Dec. 31, 2025. The credits now run through 2035 and increase the maximum credit a taxpayer may earn in a year from $500,000 to $700,000.

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Walz Promises Harris Will Help Middle Class in DNC Speech

Democratic vice presidential nominee and Minnesota Gov. Tim Walz leaned heavily into his Midwestern roots in his speech that wrapped up the third night of the Democratic National Convention Wednesday, painting the Harris-Walz ticket as pro-middle class, pro-freedom, and pro-neighborliness.

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Seasonally Adjusted July Unemployment Increases in South Carolina

Job Interview

South Carolina’s seasonally adjusted July unemployment rate increased to 3.9%, up from 3.6% in June and a revised rate of 2.8% in July 2023.

State officials say the state has “record-breaking numbers” for people in jobs. Additionally, they pointed out the rate remains lower than the national norm of 4.3%.

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Food Stamp Costs Are on the Way Down but Still Far Higher than Pre-Pandemic Days

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The cost of food assistance in the U.S. has dropped from its peak during the pandemic, but is still 23% higher than it was during pre-pandemic times, according to the latest data from the U.S. Department of Agriculture.

The Supplemental Nutrition Assistance Program, what used to be called food stamps, peaked in costs December 2022 at $11.07 billion that month. That monthly cost dropped to $7.51 billion as of April 2024. There were about 41.6 million people collecting SNAP benefits as of April 2024.

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