Stubborn inflation continues to make the cost of living unbearable for many Americans. A number of inventive solutions have emerged — but with a common theme: putting consumers deeper into debt.
This week’s 50-year mortgage proposal from the Trump administration is the latest example of the trend. Bill Pulte, director of the Federal Housing Finance Agency, remarked over the weekend on X that President Donald Trump’s proposal would be “a complete game changer.”
For many Americans, though, it may not be a good one.
The potential for a 50-year mortgage comes as the auto industry has been pushing seven-year car loans, which have become an increasingly popular option with the average price of a new car hitting a new rec
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