Poor Americans carry a record level of debt leverage: Subprime economics and leveraging the poor into a treadmill of continual poverty.
Poor Americans carry deeper debt levels than they did during the depths of the Great Recession. To boost auto sales, many dealers have decided to offer subprime loans to prospective clients that have very little financial means. Many for-profit colleges have a business model that virtually solicits and lures in poor Americans into their debt […]
Taking an exit from the labor force: Over the last ten years 16 million Americans have dropped out of the labor force.
The US economy has not recovered in typical fashion. Following the Great Recession, we witnessed a large growth in those not in the labor force. Part of this has to do with an older population but that does not address the issue completely. The US has added 16 million people to the “not in the […]
The thriving cronyism of the stock market: 81 percent of stock market wealth held in the hands by 10 percent of the population. Housing also being snatched from middle class families.
Most Americans are confronting a system where the deck is stacked against their interests. Most Americans saw the true colors of the system during the Great Recession panic when government joined forces with Wall Street to essentially fire the middle class with explicit and hidden bailouts. There is unfortunately a large amount of cronyism embedded […]
The price of learning from expensive books: The cost of educational books has soared by 150 percent since 2000 while the cost of recreational books has fallen.
There are many reasons why college costs are soaring even well beyond the regular rate of inflation. Schools are adding immense amenities to attract students. Student debt backed by the government allows schools to push prices higher since students simply go into deeper debt with little analysis on ability to pay at a later date. […]
The return of the stock market bubble: In a world with clear risk, investors are acting as if the market is completely risk free.
Some investors tend to believe the stock market is a perfect and balanced barometer of the underlying economy. Even with the recent bubbles in technology stocks and real estate, some still have this misguided assumption that stock values are always priced right. Most of the movement in the market is being driven by institutional investors […]
Student debt becoming a larger albatross for economic growth: $1.2 trillion in student debt is outstanding and many college graduates working in jobs that don’t require their degree.
There was a time when going to college made sense in every feasible way. It made sense professionally, economically, and many college graduates have a wonderful time in the process of completing their degrees. Most would argue that learning is vital in growing and moving forward. Yet students need to ask whether their return on […]
A day of reckoning has arrived to retiring Americans: 63 percent of Americans that start working by the age of 25 will be dependent on Social Security, relatives, or charity by the time they hit 65.
The notion of retirement is a fairly new one outside of wealthy circles. For most of civilized history, people worked until they died. Not a glamorous way to go but that is simply the course of human history. Only until recently with the emergence of the middle class was there a general semblance that retirement […]