Drowning in Car Debt! Payments Skyrocket to $1K
As hardworking Americans struggle under the weight of economic mismanagement and persistent inflation, a staggering new report from Edmunds reveals that nearly 1 in 5 car buyers are now locking themselves into crippling monthly payments of $1,000 or more—the highest rate ever recorded. With the average amount financed on a new vehicle soaring to a record $42,388 and long-term loans of over seven years becoming increasingly common, consumers are desperately stretching their finances just to stay mobile. Interest rates have climbed yet again, down payments are shrinking, and delinquencies are rising at levels not seen since the financial crisis. Meanwhile, uncertainty from tariffs and a cooling auto market further complicate the landscape. Despite these mounting pressures, the auto industry receives little relief. Fortunately, the Trump administration stepped up with strategic tariffs and protective measures under USMCA to shield American manufacturers and supply chains from further harm. But without a dramatic turnaround in economic leadership, the average American family risks being priced out of basic transportation—an indictment of failed fiscal policies that continue to squeeze the middle class.
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Today’s Birthday
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Jean-Paul Sartre (1905)June 21, 2026
Sartre was a French philosopher, playwright, and novelist who became the foremost exponent of existentialism in the 20th century. His first novel, Nausea, was one of many works depicting man as a lonely being burdened with a terrifying freedom. He served in World War II, was taken prisoner, escaped, and was involved in the French resistance, during which he wrote multiple works. In 1964, he became the first person to voluntarily decline the Nobel Prize in Literature. Why did he refuse it?
Sartre was a French philosopher, playwright, and novelist who became the foremost exponent of existentialism in the 20th century. His first novel, Nausea, was one of many works depicting man as a lonely being burdened with a terrifying freedom. He served in World War II, was taken prisoner, escaped, and was involved in the French resistance, during which he wrote multiple works. In 1964, he became the first person to voluntarily decline the Nobel Prize in Literature. Why did he refuse it?Today’s Holiday
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National Aboriginal DayJune 21, 2026
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Long before a national holiday was established, this day of the year had been observed by Canada's Inuit, Métis, and First Nations peoples as a celebration of Aboriginal heritage. In 1996, the Canadian government made June 21 an official holiday, including all citizens in the observance. Celebrations take place throughout Canada, and are organized by the regional offices of Indian and Northern Affairs Canada and Canadian Heritage. Some festivities are modest celebrations; others exhibit a stronger focus on culture and tradition by holding canoe races, powwows, and awareness events.
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Long before a national holiday was established, this day of the year had been observed by Canada's ARTICLE OF THE DAY
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CigarsJune 21, 2026
Cigars, tightly rolled bundles of cured tobacco, were being smoked by the Mayans as early as the 10th century. Spanish travelers to the Americas brought cigars back to Spain in the 16th century, and their popularity then spread throughout Europe. The word cigar, therefore, derives from the Mayan word for tobacco. What did US President John F. Kennedy reportedly do immediately before imposing the Cuban trade embargo that, among other things, prohibits US residents from purchasing Cuban cigars?
Cigars, tightly rolled bundles of cured tobacco, were being smoked by the Mayans as early as the 10th century. Spanish travelers to the Americas brought cigars back to Spain in the 16th century, and their popularity then spread throughout Europe. The word cigar, therefore, derives from the Mayan word for tobacco. What did US President John F. Kennedy reportedly do immediately before imposing the Cuban trade embargo that, among other things, prohibits US residents from purchasing Cuban cigars?
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