Nov 30 2013

The average American is broke and buying things they cannot afford with debt again. Debt based consumer financing again filling the gap of a shrinking middle class.

At a family Thanksgiving get together we typically have a usual crowd showing up to celebrate the year that has passed.  For many, this is the only time we see each other.  A familiar face was not there.  We asked what happened and apparently he had to work on Thanksgiving Day because stores are now […]

Nov 26 2013

The frightening lack of accounting transparency in the student loan market: New York Fed has student loan debt at $1.027 trillion while Fed Board of Governors in Washington has it at $1.214 trillion.

You see what you want to see.  This is the current state of the financial markets.  When a handful of observers were warning the Fed and multiple government agencies about the subprime crisis floating in the market, hardly anyone wanted to listen.  This is the same kind of accounting trickery that is now pervasive in […]

Nov 22 2013

The new American retirement nightmare: Many Americans find they are completely unprepared for retirement.

Starting in late 2010, we reached a threshold where baby boomers were reaching the age of 65 at a rate of 10,000 per day.  This will last into 2030.  What was once thought of as a retirement age is no longer the case.  The body has not evolved to adapt to financial circumstances but people […]

Nov 19 2013

The Red Queen’s race and the real winners from Quantitative Easing: Celebrating the five year anniversary of redistributing wealth to the top.

The Federal Reserve is celebrating its 5 year anniversary of Quantitative Easing.  As the stock market reaches record highs, it is useful to examine the real winners from QE.  Luxury good purchases have done extremely well during this period as income inequality in the nation has reached levels last seen during the Gilded Age.  Yet […]

Nov 14 2013

The froth before another stock market crisis: Stock market is overvalued by 27 percent based on historical price to earnings ratio.

The stock market has once again become an overvalued casino where only the large financial players can use massive leverage to enjoy short-term rewards.  Even looking at historical price-to-earnings (PE) ratios we find that stocks are dramatically overpriced.  Yet the stock market is a sham for most Americans.  In fact 53 percent of Americans don’t […]

Page 1 of 212

My Budget 360

Enter your email address to receive updates from My Budget 360:

100% Private & Spam Free.

 


Subscribe in a reader

 

Popular – All Time


  • 1. How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.
  • 2. Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.
  • 3. Is college worth the money and debt? The cost of college has increased by 11x since 1980 while inflation overall has increased by 3x. Diluting education with for-profits. and saddling millions with debt.
  • 4. The Perfect $46,000 Budget: Learning to Live in California for Under $50,000.
  • 5. Family Budget: How to go Broke on $100,000 a year. Why the Middle Class has a hard time Living in Expensive Urban Areas.
  • 6. Lining up at Midnight at Wal-Mart to buy Food is part of the new Recovery. Banks offering Mattress Interest Rates. The Invisible Recovery Outside of Wall Street.
  • 7. You Cannot Afford a $350,000 Home with a $75,000 Household Income!
  • 8. Crisis of generations – younger Americans moving back home in large numbers. Student loan default rates surging largely due to for-profit college expansion.
  • 9. The next massive debt bubble to crush the economy – 10 charts examining the upcoming implosion of the student loan market. $1 trillion in student loans and defaults sharply increasing.
  • 10. Welcome to the new model of retirement. No retirement. In 1983 over 60 percent of American workers had some kind of defined-benefit plan. Today less than 20 percent have access to a plan and the majority of retired Americans largely rely on Social Security as their de facto retirement plan.
  • Categories