AMERICANS DROWN IN DEBT CRISIS
The cost of living crisis is continuing with no end in sight. People used to use their tax refunds for trips or fun experiences, but now they have to either save the money, pay off debt, or use it to keep the lights on or buy groceries.
The sad state of most Americans’ financial status is getting progressively worse, too, as it’s often psychologically damaging as well as economically. Two-thirds of young Americans no longer believe they will ever be able to afford to live where they want. That means living in a place they desire, not having their dream home.
The ongoing cost of living crisis is forcing Americans to use tax refunds for essentials or debt repayment rather than leisure, while soaring expenses in housing, food, and healthcare push many deeper into financial distress. Young adults increasingly doubt they’ll ever afford their desired living situation as credit card debt hits record levels and savings dwindle, with routine purchases now often financed through credit or buy-now-pay-later plans. Despite continued spending, rising costs mean people are paying more for the same necessities, and unexpected expenses like car repairs can trigger years of debt. This harsh economic reality is compounded by a weakening job market threatened by AI automation, leaving families struggling to stay afloat with shrinking financial margins and dwindling hope for improvement.
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Today’s Birthday
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Chester Burton "Chet" Atkins, Mister Guitar (1924)June 20, 2026
Atkins got his first guitar by making a trade with his brother, and it was arguably the best deal he ever made. Although he struggled with shyness and suffered from severe asthma—he had to sleep sitting up and often fell asleep still holding his guitar—he became an accomplished guitarist and went on to release several hit records, develop a signature line of guitars, and help create country music's "Nashville sound." What did "Mr. Guitar," as he came to be known, trade to get that first guitar?
Atkins got his first guitar by making a trade with his brother, and it was arguably the best deal he ever made. Although he struggled with shyness and suffered from severe asthma—he had to sleep sitting up and often fell asleep still holding his guitar—he became an accomplished guitarist and went on to release several hit records, develop a signature line of guitars, and help create country music's "Nashville sound." What did "Mr. Guitar," as he came to be known, trade to get that first guitar?Today’s Holiday
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West Virginia DayJune 20, 2026
West Virginia Day is a state holiday in West Virginia to celebrate its joining the Union in 1863 as the 35th state. The creation of the state was a result of the Civil War. The settlers of western Virginia defied the state's vote to secede from the Union, and on June 20 West Virginia formally entered the Union as an anti-slave state. The day is marked with ceremonies at the state capitol in Charleston and at the West Virginia Independence Hall in Wheeling. It was there that the conventions were held to declare West Virginia's independence from Virginia.
West Virginia Day is a state holiday in ARTICLE OF THE DAY
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Black TeaJune 20, 2026
Excluding water, tea is the most widely consumed drink on the planet, drunk either hot or cold by half the world's population. The vast majority of tea sold in the West is black tea, made from fermented leaves of the Camellia sinensis plant. Generally stronger in flavor and more caffeinated than the green and oolong varieties, black tea retains its flavor for several years and has long been an article of trade, serving as a form of currency into the 19th century in what countries?
Excluding water, tea is the most widely consumed drink on the planet, drunk either hot or cold by half the world's population. The vast majority of tea sold in the West is black tea, made from fermented leaves of the Camellia sinensis plant. Generally stronger in flavor and more caffeinated than the green and oolong varieties, black tea retains its flavor for several years and has long been an article of trade, serving as a form of currency into the 19th century in what countries?
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