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 […]
We have a deeply held belief in America that if you work hard enough, anything is achievable. This is something built into the core of our nation. If you go back to the Great Depression, while other countries were overturning systems and shifting deeply held ideology, Americans held steady and went out and voted. The […]
Venezuela provides a glimpse into the horrors of inflation gone wild: A dozen eggs cost $150 USD as hyper inflation wrecks economy.
The award for worst performing economy in 2016 would likely go to Venezuela. What could possibly go wrong when the government tries to control absolutely everything in a petro state? Apparently everything can go wrong and you now have runaway inflation. At this point Venezuela’s currency is in a death spiral of hyperinflation. A dozen […]
The U.S national debt is quickly approaching $19.5 trillion. It will very likely be there this month. It is hard to comprehend how much this amount is for the average American that is barely trying to get by. But people are starting to wake up. There is a large financial charade going on. Most people […]