A Record 95.5 Million Americans Not in the Labor Force:Â One-third of Working Americans Supports the other two-thirds
While the news headlines seem uniform in their championing of the employment market we have another stat that shows an interesting story. There are now a record 95.5 million Americans that are not in the labor force. These are people that for all intents and purposes, are no longer considered part of the employment market. […]
Subprime credit cards – Credit card delinquencies higher than financial crisis peak at 4,700+ small US Banks.
Americans are trying to keep up the pretense of a middle class lifestyle with credit card debt. Out of all the debt available, credit card debt is the least helpful in building a viable financial future. With credit card debt, you are spending future earnings on consumption today. It would be one thing to pay […]
Is it possible to pay $0 in taxes on a six-figure income? Yes it is and here is how you do it.
The tax system is setup to reward those that save. But half of the country doesn’t have any money saved so that is a tiny problem. However, if you are willing to put money away you can cut your effective tax rate down to a very low level. I know this seems absurd but it […]
Credit Card debt over $1 trillion and 1 in 5 Americans have more credit card debt than actual savings.
What is worse than being broke? Having a negative net worth. New data shows that 1 out of 5 Americans has more credit card debt than actual savings. Then again, half of Americans have no actual savings to their name so this isn’t all that surprising. Yet this is a big problem given that many […]