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 […]
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 […]
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 […]
The American Dream no longer involves owning a home: Record number of young living at home and rents increase while income falls.
Inflation is an insidious money grabber. When incomes are stagnant or falling, any tiny amount of inflation is tantamount to a wage a cut. The largest expense for Americans is housing payments. This can be in the form of rent paid to a landlord or mortgages paid to a bank. Either way, money is getting […]
A leveraged system – US debt jumps $100 billion on last day of year. Total US debt markets at $58 trillion.
The New Year came and went and here we are fully into 2015. Most Americans didn’t realize this but on the last day of the year US debt jumped by $100 billion in one day driven largely by Social Security adjustments. The current economy is dangerously addicted to debt. There was a time not too […]
Standard American Retirement plan equates to flying by the seat of your pants: The majority of older Americans rely on Social Security as primary source of retirement income.
Social Security keeps half of elderly Americans out of poverty. You need to recall that many older Americans came of age during the 401k cult worship of Wall Street. Greed is good as portrayed in the movie Wall Street. Stories developed as a sign of caution actually drove many to aspire to become financial mavens […]
92.4 million Americans not in the labor force: The continuing trend of one-third of Americans supporting the other two-thirds.
92.4 million Americans are considered to be “not in the labor force” officially. This number is incredibly high and is a large factor for the drop in the employment participation rate. While many older Americans are winging it when it comes to retirement, one-third of the private workforce is supporting two-thirds of the population. Part […]