May 14 2015

Student and auto debt fuel credit bubble 2.0: Student loans carry the highest delinquency rate of all debt classes. Student and auto debt up $1.15 trillion in last decade.

A large portion of our recent recovery has come from debt fueled consumption.  The bailouts have been favorable to financial institutions but access to debt for American families has been in segments that are counterproductive to wealth accumulation.  There is no benefit in having access to cheap loans for purchasing a car, an “asset” that […]

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May 10 2015

34 percent of Americans financially carry the country: Those not in the labor force hits another record at 93,194,000.

The unemployment rate is calculated by those in what is deemed the labor force.  With the unemployment rate dropping you would think that somehow, we’d be back in a glorious economy where everyone was financially moving up.  That is definitely not the case.  Every single day we have 11,000 Americans hitting 65 years of age […]

May 7 2015

Low wage America: People think minimum wage is for young workers but the average age of someone on minimum wage is 36. Half of Congress is made up of millionaires.

People have a hard time understanding the vast number of Americans working in low wage jobs.  There is a very real reason why dollar stores paint the heartland.  We also have 46 million Americans on food stamps.  One of the big issues that we will certainly hear about during this campaign season is the erosion […]

May 3 2015

The death of the American pension: How older Americans are entering their golden years with a lack of retirement savings.

Listen carefully to the sales pitch from Wall Street.  In the late 1970s and the early 1980s there was a push to get Americans away from pension plans and into 401k style retirement plans.  The notion was that Americans would save enough on their own and would have the financial wherewithal to play in the […]

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