Mar 13 2010
Middle Class Americans Losing Financial Ground on Retirement – As Stock Market Rebounds more Middle Class Americans Have Less Money and Fewer Jobs. How is Health Care Spending Boosting GDP a Good Thing?
As more and more data is released on this Great Recession it is becoming abundantly clear that we have two tracks people are following. On one track where most travel, we have middle class Americans dealing with the highest unemployment in a generation while seeing their net worth dissolve. On the other side of the [...]
Mar 11 2010
631 Million Credit Cards for 113 Million Households – Credit Card Excess Contracting for First Time in 40 Years. How Plastic Hid Middle Class Financial Decay.
It is estimated that in 2010 we will have 181 million Americans carrying credit cards. Now this is interesting given that Census data from 2008 only shows 113 million households. The credit card is ubiquitous flowing through our economy like a river of easy money. Yet credit cards have become a major pitfall for many [...]
