Nov 11 2013

The two-income trap for Americans: How dual income households are a financial necessity in a time when the median per capita wage is $27,000.

Recent Social Security data released this month revealed that income disparity is only growing in the United States.  The released figures show that the median per capita wage in the US is $27,519.  Given the costs for college, healthcare, and housing many households are simply falling out of the middle class.  The two income household […]

Nov 8 2013

The booming non-labor force in the United States: Those not in the labor force surged by nearly 1,000,000. A large portion of added jobs were in low wage sectors.

Any job is a good job for the headlines.  While one part of the BLS survey showed that US payrolls increased by 200,000 last month, another survey finds that nearly 1,000,000 Americans dropped out of the labor force.  That is right, a stunning 932,000 Americans simply dropped out of the labor force last month bringing […]

Nov 5 2013

Arrested economic development: 36 percent of Millennials living at home delaying financial adulthood. Less than one-third of Millennials employed.

Young Americans are living at home in record numbers.  Millennials are living at home for much longer because of the poor economic conditions for the young.  Think about the perfect storm of financial pain for young Americans. College costs are astronomical and many are going into massive debt to pursue a college education.  If not, […]

Nov 1 2013

US households cannot avoid soft default consequences of deleveraging: While US households continue to unwind debt total public debt soars out of control.

The US is walking in a financial minefield.  The recent government shutdown simply highlighted the mega dysfunction in our Congress run by millionaires.  The government is in a deep capture by large financial interests.  The IMF now has an indicator looking at household debt measured against GDP.  Since the recession, US households have undergone a […]

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