The average Philadelphian makes enough money to afford to spend a little over $1,300 on monthly rent.
The average rent in Philadelphia is $1,995. per CNBC.
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Almost 3,000 firms declared bankruptcy in the last six months, a 68% jump from a year earlier, according to Epiq Bankruptcy.
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Baby boomers own $75 trillion in wealth spread out across stocks, homes, and businesses, per BI.
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Home buyers now need $117,100 annual income to afford a median-price home in the US, per MW.
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Bank of America, $BAC, no longer sees that a recession will happen in the US.
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Two weeks ago, Goldman Sachs, $GS, reported its worst earnings in years, including a 58% drop in profit.
Now, 90 partners have left under CEO David Solomon.
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High mortgage rates and home prices have sent the average monthly mortgage payment for a starter house to $1,610, up 13% from last year, per Redfin, $RDFN.
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