The story of inflation between 1996 and 2016 is of rising prices in things that you need: Prices skyrocket for middle class goods and services.
Inflation is rarely discussed in the mainstream press. Most people wake up every day and simply believe that prices go up as a natural state. These deeply held assumptions usually crack when new revelations happen like centuries ago with new scientific discoveries showing that our planet is not the center of the universe. Yet somehow […]
The Suburban Ghetto: Today one in three poor Americans, about 16.4 million people live in the suburbs.
We tend to think of the suburbs as middle class utopias. When people think of the American Dream they usually draw up a picture of a home with a picket white fence in the suburb. Poverty is usually left to inner cities and crammed multi-family dwellings. So it might come as a surprise that over […]
The Millennial Conundrum: Millennials are bogged down by massive student debt and confiscatory housing prices.
Millennials are a critical group in terms of where the economy goes in the next few years. The economy largely relies on younger people to spend and purchase consumption items. Think of a young couple buying their first home. That in itself is a big purchase. Then comes big ticket items like refrigerators, a family […]
The Silent Majority, those Not in the Labor Force: 94,184,000 Adult Americans Not Participating in the Labor Force.
There are roughly 74.9 million baby boomers. Then you have approximately 75.4 million Millennials. Big groups that can sway the election. But how many people are not in the labor force? You have a whopping 94.2 million adult Americans that are not in the labor force. In other words the largest voting bloc of adults […]
The retirement gamble: 30 percent of American adults have no retirement savings. Half of Americans live paycheck to paycheck.
Retirement angst is a big deal. It probably feels like a bigger deal since older baby boomers are now entering into retirement age in wildebeest like droves. A time that was supposed to be spent sipping ice cold margaritas on the warm beaches of the world is now filled with working retail jobs or trying […]