Feb 17 2016

Percent of Total Wealth Owned in the United States: Bottom 40% control -0.9% Meaning Close to Half the Country has a Negative Net Worth.

Wealth is an important measure of financial stability and success.  Being able to have enough set aside for a rainy day can make the difference between weathering a minor storm to being in full upheaval because of an unexpected expense.  Most Americans however live paycheck to paycheck.  There is no emergency fund.  It is troubling […]

Feb 12 2016

Importing lower wages as 75% of Silicon Valley’s tech workers are foreign-born: How tech manipulates the H-1B visa program for cheap labor.

We tend to believe that the tech industry operates in a very progressive atmosphere as far as how they vote.  This might be the case for workers but for owners, they are ultra-bottom line and this is seen in the way they hire lower wage workers.  We tend to get things mixed up in regards […]

Feb 7 2016

Low wage recovery highlighted by 7 out of 10 jobs added in January coming from minimum wage waiters and temporary retail workers.

The unemployment rate fell below the 5 percent mark for the first time since the Great Recession wrecked havoc on the economy.  This is good news right?  Well the stock market didn’t think so for a couple of reasons.  First, this adds more fuel to pushing interest rates higher (a big expense on the $19 […]

Feb 3 2016

Total U.S. debt breaks $19 trillion mark: Total debt rises by $8.4 trillion in last 8 years and is on pace to hit $22 trillion by 2020.

When the party is getting ready to end, you might as well ramp up the spending and put it on the nationwide credit card.  Total U.S. debt blew right through the $19 trillion mark and has expanded by $8.4 trillion only in the last 8 years.  There are countless obligations in the form of Social […]

Jan 29 2016

Unsocial Insecurity: Social Security Fund loses money for the first time since 1983. The new retirement model will have you working until you fall over from a heart attack.

Social Security was never designed as a long-term pension.  It was implemented in 1935 during the Great Depression to assist families from falling into absolute poverty.  The large work force dominated by men usually meant that many would die and leave a large family behind with no financial resources.  Social Security was there to protect […]

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