What happens when 100 million Americans are not in the labor force? More pressure is being added on the one-third of working Americans supporting two-thirds of the population.
It is hard to believe but we have over 92 million Americans not in the labor force. I’ve paid close attention as to how the media presents this group and they usually attribute it to older Americans retiring. The problem with this narrative is that it gives the impression that many have the means to […]
Economic goals of young and old pulling in diverging directions: times will only get tougher for young Americans.
Older Americans tend to vote in larger numbers and are more interested in politics than younger Americans. In the past the older voting cohort was not as large so politicians were cautious about deviating too far for one group alone. Today, we are having a large number of older Americans living longer into old age. […]
Multi-generational living is here to stay in a low wage economy: Over 57 million Americans live in multi-generational households.
The Great Recession might be officially over on paper, but the social impact continues to be felt today. The structural changes are deep and profound and have caused a major rise in multi-generational households. Many young Americans burdened by low wage jobs and college debt may have no other option but to move back home […]
The mega inflation in college tuition: Since 1985 college tuition costs have soared by 538 percent. No surprise that total student debt is now over $1.22 trillion.
There was a time when college tuition was reasonably priced in the United States. In fact, college was downright cheap. These were the days when people worked a few hours a week at minimum wage jobs and were able to pay off their tuition on a semester basis. Too bad most of the new jobs […]
Planning for retirement does not happen overnight. You need to diligently plan and sock away savings like a squirrel stocking up for the season. Many Americans have no retirement savings and more troubling, many near retirement face a compressed timeline where they will need to save or face a massive decline in living standards in […]
Wealth inequality is an extremely touchy subject. The main catalyst for “change” in the recent election had to do with most Americans being dissatisfied with the economy. But how can people be unhappy if the stock market is at a peak and housing values are going up? The reason for this is that most Americans […]
Low wage jobs dominate as waiters and bartenders will soon outnumber manufacturing jobs: Latest jobs report highlights continuing trend in low wage employment.
The trend to low wage employment continues as the latest jobs report shows that wages are being eroded by inflation. Of course, the public is told that inflation is muted but simply looking at your paycheck versus housing costs, healthcare costs, and food would tell you a different story. Americans went to vote with economic […]