Dec 31 2016

Guns and Chipotle: Millennials are the most employed generation in two occupational areas: food services and military.

Young Americans have many financial obstacles placed in their way.  Many older Americans like to chime in and blast younger Americans as being weak and complaining too much but the facts tell a different story.  Millennials do have it economically tougher.  Quality of life is up (for all) but the standard of living is getting […]

Dec 26 2016

The near extinct pension – US pensions aggressively invest in equities relative to other countries to make up for shortfalls.

The pension is nearly extinct.  Overly optimistic returns left many pension plans practically insolvent and not ready to adapt to a low yield environment.  The benefit of pensions however is that it forced people to save over time for retirement.  What we have learned via the 401k is that when left to their own devices, […]

Dec 17 2016

The 401k has been a disaster for most Americans: Only 44 percent of private sector workers participate in a defined contribution plan.

Failing to plan is planning to fail.  If this is true, most Americans are planning to live in retirement with very little money and are going to rely heavily on Social Security to get by.  That is the case today where most retirees get the bulk of their income from Social Security.  Back when the […]

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Dec 11 2016

Welcome back debt! Total household debt rose by $63 billion last quarter pushing total household debt to $12.35 trillion. More than half of the debt increase came through auto loans.

The appetite for debt is now back in a furious way.  Total household debt was up $63 billion last quarter driven largely by auto loans.  Auto loans increased by $32 billion and the amount of auto debt outstanding is stunning.  There is now a total of $1.14 trillion in auto loans floating in our economy.  […]

Dec 4 2016

California is land to the $100k minimum wage state worker: 220,000 highly-compensated state employees cost the public $35 billion.

There is one thing to discuss the minimum wage for servers and many others that work in the low paid service industry but it is another thing to discuss “underpaid” state workers.  That statement cannot be said for California’s state employees.  In a country where the median household income is $52,000 California seems to be […]


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