Jan 27 2015

Comparing the inflated cost of living today from 1938 to 2015: US Dollar losing an enormous amount of purchasing power since 1938.

People have a hard time understanding how inflation erodes their purchasing power.  Little by little the cost of everything goes up and people simply assume this is normal in an economy.  The $2 movie ticket becomes a $8 movie ticket.  That can of tuna just got smaller but the price remains the same.  The cost […]

Jan 24 2015

Profits of doom: For-profit colleges are the resurrection of subprime mortgage lenders for the college industry.

At a time when the cost of a college education is being thoroughly questioned, there is one area we should all agree on.  For-profit colleges are largely a distraction to fixing our higher education system and operate as the subprime lenders in college education.  For-profit colleges claim they are trying to provide an education to […]

Jan 20 2015

When working leads to food stamp usage and the rise of dollar stores: Food stamp usage is still near record levels even in the face of a dropping unemployment rate.

Food stamp usage surges when the economy enters into a recession.  That is no surprise.  In fact, this is the design of the program.  A safety net when things get bad.  But if we are to believe headline indicators, the economy is improving so we should see food stamp usage decline substantially.  It has not.  […]

Jan 17 2015

The minimum wage economic recovery – 44 percent of jobs added since recession ended come from low-wage industries paying $10 an hour or less.

This has been a disjointed economic recovery.  Most Americans are hearing about this Wall Street party yet look at their paychecks and wonder when the party is going arrive in their neighborhood.  Looking back at the 2001 recession, the recovery during that time came largely by adding higher paying employment.  That is not the case […]

Jan 15 2015

Which state has half of its eligible adults not working? The dismal employment participation rate across the United States.

People have a hard time wrapping their minds around the fact that 93 million Americans are not in the labor.  In December alone we added over 451,000 to this category.  Much of this figure comes from people retiring and those simply not eligible to work but there is a disturbingly large number of people that […]

Jan 13 2015

Only 4 out of 10 Americans has enough in their savings to pay for an unexpected expense: Half of the country is living paycheck to paycheck with no retirement plans.

There is little motivation to save when your local bank is offering close to zero percent on your savings account. And most Americans simply do not invest in the stock market. When it comes to saving money it is crucial to get into the habit of putting funds away for unforeseen events and expenses. Life […]

Jan 10 2015

Record 93 million Americans now not in the labor force: The non-working American recovery added 451,000 to the not in the labor force category in December alone.

The employment report came out today and what you would take as good news sent the market moving lower.  Why?  A large number of the jobs added were in retail and food services.  The growth in low wage employment caused the overall wage level to dip.  But what was more telling and what continues to […]

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