{"id":84786,"date":"2024-09-28T01:00:35","date_gmt":"2024-09-28T08:00:35","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=84786"},"modified":"2024-10-01T11:33:39","modified_gmt":"2024-10-01T18:33:39","slug":"black-coffee-28-sept-2024","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id84786-black-coffee-28-sept-2024.html","title":{"rendered":"Black Coffee: Questions Without Answers"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

I hope everybody had a wonderful week. And with that, let’s get right to this week’s commentary, shall we?<\/p>\n

If money isn’t loosened up, this sucker could go down!<\/em><\/p><\/blockquote>\n

— George W. Bush (25 September 2008)<\/strong><\/p>\n

We can guarantee cash benefits in any size and any duration you want. What we can’t guarantee is the purchasing power of those benefits.<\/em><\/p><\/blockquote>\n

— Alan Greenspan<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> Did you see this? New data from the US Census Bureau reveals that almost 26% of American renters are spending more than half their income on housing<\/a>. This really isn\u2019t too surprising when you consider that the average single-family home in the US now costs more than 7 times the median annual household income. For those not counting at home, this ratio is officially above the previous all-time high recorded back in 2022. So it looks like folks are just going to have to work harder. Or not …
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Debit:<\/strong><\/span> Let\u2019s hope those American renters who are struggling to make ends meet don\u2019t drive an electric vehicle (EV). That\u2019s because a new study has found that driving an electric vehicle is twice as expensive<\/a> as driving a regular gas powered car. The evidence of this has been around for a long time now, although many people continue to deny this. For example …<\/p>\n