Over the last generation there has been a shift from pensions to do it yourself 401k plans. The idea was pitched during a time when the stock market was in a bull run and Wall Street was excited to open up additional streams of revenue. But now a generation later, the results are rather clear. […]
The wealthiest 10% hold 76% of the wealth: The rich continue to pull away from the rest of the crowd.
Wealth in the U.S. continues to accumulate into fewer hands. A recent Congressional Budget Office report showed that the top 10% of U.S. families now control 76% of total wealth. That is a massive amount considering total family wealth is at $67 trillion. Wealth inequality continues to expand and is creating deeper divides in our […]
Is College Worth It? The $1.4 trillion question gets harder to answer as a record number of Americans attend universities.
One of the most perplexing questions on the minds of young Americans today is whether college is worth the associated tuition cost. It is rather humbling to see that $1.4 trillion in student debt is outstanding today. That is more than auto debt and credit card debt. College tuition has outpaced virtually every category that […]
The United States now has 324 million people. Of that we have a large labor force. 70 million cannot work and most of those are children. But what about the rest? The media largely ignores a massive contingent of people. This group is made of those not in the labor force. Today we have a […]