Wal-Mart, the mega retailer has over 5,000 stores in the United States. We tend to think of Wal-Mart as the low price leader crushing prices to their rock bottom level by cutting costs at every corner. However, there is an even lower cost option and many working class Americans are turning to these stores. Dollar […]
Half of Millennials live at home with parents: The economy still feels like it is in a deep recession for millions of Millennials.
The Great Recession officially ended in the summer of 2009. That was a long time ago. Yet somehow along the windy road, Millennials are not feeling the love from this so-called economic recovery. Millennials continue to graduate with mountains of student loan debt coming out with an average of $30,000 per graduate. Millennials are struggling […]
The two income trap and the myth of high American wages: 50 percent of wage earners had net compensation of $28,851 or less.
If you can sum up the sentiment among the American public in two words it would be economic frustration. The public is frustrated that inflation is eating away at the quality of life many have come to expect. While families don’t need bankers or politicians to tell them about this, it is especially infuriating when […]
The two trillion dollar towers of student and auto debt: As Americans are unable to afford homes, many go deep into debt to finance their education and cars.
As Americans continue to see their income lag inflation, many are unable to purchase homes in a market driven by hot money and a crowding out effect brought on by investors. But people want to spend money, even money they don’t have. So instead of buying homes, Americans have been on a car buying spree […]
The drop in the labor force is coming from prime-age Americans, not aging retirees: Examining the 94.6 million Americans not in the labor force.
Those not in the labor force hit a record number in the last month. While the mainstream press tries to spin it as a retirement trend, the reality is most Americans are too broke to retire. The Atlanta Fed added some color to explain the big decline in labor force participation. As it turns out, […]
Renters are paying too much and their burden is only going to increase: How financial policies gouge working class Americans.
A recent report by Harvard University’s Joint Center for Housing Studies showed an absolutely dismal housing situation for Americans. Housing is unaffordable for most working class Americans. Sure you can take on a gigantic mortgage with a low interest rate and pretend all is fine but you are simply chaining yourself to the bank for […]
Labor force catastrophe with more than half a million dropping out of the labor force: Record 94.6 million Americans not in the labor force.
The latest employment report was a complete disaster. The only reason the unemployment rate remained unchanged was because a stunning 579,000 people dropped out of the labor force in one month. We now have a record 94.6 million Americans categorized as not being in the labor force. This massive drop cannot be explained by the […]