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 […]
Americans now spend more on drinking and eating establishments than they do at grocery stores. Over 17 million kids went to college to be waiters or flight attendants.
There are many reasons why so many people now work in the low wage sectors of America. As it turns out, the eating habits of Americans have changed dramatically. Only in the last couple of years have Americans spent more on eating out than they do on actual groceries. Too bad the median annual pay […]
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 […]