May 27 2016

Class of Underemployed: Nearly 50 percent of recent college graduates are working in jobs where no college degree is required.

We don’t send our young into the wilderness for a vision quest as a rite of passage.  There are few things in modern society that signify a transition into adulthood.  Going to college is one of them.  And in debt addicted America, it is no surprise that for many, college debt is the first debt […]

May 22 2016

Putting it on plastic again – Record number of credit cards issued in 2015 surging 90 percent from 2009. 60 million credit cards issued last year alone.

We love credit cards as much as we hate paying bills.  As a nation we have an addiction to instant gratification.  In the not so distant past, Americans actually had to save money before making a purchase. Seeing that many Americans have nothing in their pockets except lint and cell phones with hefty monthly payments, […]

May 16 2016

Once upon a time, there was a middle class: This election year will determine whether the middle class falls into obscurity.

In the not too distant past the United States had a vibrant middle class.  Prosperity for most families was the rule rather than the exception.  This didn’t happen by accident or some odd twist of luck.  It happened because as a country we setup a foundation that valued a robust middle class.  The Great Depression […]

May 8 2016

34% of all Americans financially support the rest of the country – 112 million private sector workers support 211 million people.

The latest employment report was lackluster.  The math on the employment numbers has concealed a deeper problem in the economy.  Many Americans are struggling and the middle class continues to lose ground.  The most startling figure coming out was that 562,000 people dropped out of the labor force.  While there is a bit more information […]

May 4 2016

New banking normal where lending $2 increases GDP by $1: US bank credit up 44 percent since 2008 while GDP up 21 percent.

Remember a time when people used to be cautious when it came to taking on debt?  Probably vaguely since the entire U.S. economic system is built on “gold” and “platinum” credit cards being shelled out to people that can’t afford an ounce of either.  In the mail I’m receiving overwhelming offers for credit cards and […]

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  • 2. Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.
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  • 4. The Perfect $46,000 Budget: Learning to Live in California for Under $50,000.
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