Nonworking America: Those not in the labor force up by 12,000,000 since recession ended, a growth rate of 15 percent while the overall population is up 4 percent.
After World War II the U.S. saw the birth of the biggest middle class the world has ever come to know. The birth of the baby boomers and prosperity for all seemed to be the new norm. Of course, part of this was brought on by the fact that Europe, Japan, and China were in […]
You are too broke to own a home in America! The typical American household making $50,000 a year cannot afford to purchase the typical $200,000 median priced home without straining their budget.
People continue to scratch their heads as to why regular home buyers in America are unable to enter the housing market. Prices are up but this is mostly because of investor money that is obsessed with chasing yield in a low yield environment orchestrated by the Federal Reserve. The reason home sales figures continue to […]
A global crisis of young adult unemployment: 12 countries in Europe have an unemployment rate of 20 percent or higher for adults ages 25 and younger.
The elections in Europe may go unnoticed by the U.S. media but the underlying current speaks very loudly. Europeans are very angry. We see this through gains being taken on by far more extreme groups. There are many reasons for this voting trend but one glaring one is young adult unemployment and underemployment. In the […]
Inflation conundrum, price increases without wage growth are unsustainable: Central banks around the globe aim at inflationary targets but have a hard time inflating wages.
Inflation has a slow corrosive power that few people ever see. We all realize that rust will occur on exposed metal through a slow process of oxidation. One rain will not do this. It takes time. Little by little the destruction occurs. I’m always thrown aback when I hear some people say something like they […]
How much do Americans earn? Average income data for individuals and households. Stagnant income growth for American families.
How much do Americans earn? This seems to be a relatively easy question to answer yet rarely do we get concrete facts in the media about American income figures. On some financial shows, you get people saying that being middle class is making $250,000 a year which is outrageous because this is twisting words and […]
A demographic time bomb: Over the next decade 20 percent of the US population will be 65 years of age or older.
It is no secret that the United States like many developed nations is facing a demographic shift of epic proportions. Within the next decade 20 percent of the US population will be 65 years of age or older. This will place severe constraints on young workers, Social Security, and Medicare. Roughly 300,000 Americans per month […]
Is college worth a lifetime of debt? Student debt reaches critical tipping point at $1.2 trillion as annual price increases enter the moment of truth.
The cost of going to college has come into deep questioning. In our inflation addicted market, the answer to every question regarding affordability involves more debt. Can’t afford a home? How about taking on a massive mortgage with a small down payment. Can’t afford a car? How about a 0 percent 0 down loan. Having […]