Subprime auto loans face mounting problems: With $1.1 trillion in loans outstanding we all know bad deals are made in good times.
Exuberance breeds bad decisions as inhibitions and due diligence get tossed out the window like dirty water. This is exactly what is unfolding in the rampaging auto market. The latest data from Fitch Auto ABS Indices shows that 60+ day delinquencies for subprime loans are now at 5 percent of all outstanding balances. This is […]
The runaway cost to attend college just continues to sprint ahead. The average student loan balance for graduating seniors is now $40,000. This is astronomical considering the per capita wage of Americans is in the high $20,000 range. The math behind this astronomical debt is rather clear and simple to follow. Student debt is one […]
There is a massive student loan epidemic in the United States. Over $1.4 trillion in student debt is floating around in our economy lingering like an albatross on the necks of many young students. While the idea of getting a college degree is more popular today than ever, it would seem like going to spring […]
The American economy has slowly compressed the middle class into a minority group. When the manufacturing sector slowly eroded away, waiting in the wings to replace those higher paying jobs was low wage service sector employment. Now as it turns out the top 10 largest occupations in the United States are occupied by low wage […]