Record 95.1 million Americans not in the labor force. The challenge of having an army of non-working adults.
The year definitely ended with a bang and the number of Americans not in the labor force is now at a record high as well. 95.1 million Americans are now floating in the “not in the labor force†category that finally got some mainstream attention in 2016. This is a big deal because you have […]
Guns and Chipotle: Millennials are the most employed generation in two occupational areas: food services and military.
Young Americans have many financial obstacles placed in their way. Many older Americans like to chime in and blast younger Americans as being weak and complaining too much but the facts tell a different story. Millennials do have it economically tougher. Quality of life is up (for all) but the standard of living is getting […]
The near extinct pension – US pensions aggressively invest in equities relative to other countries to make up for shortfalls.
The pension is nearly extinct. Overly optimistic returns left many pension plans practically insolvent and not ready to adapt to a low yield environment. The benefit of pensions however is that it forced people to save over time for retirement. What we have learned via the 401k is that when left to their own devices, […]
The 401k has been a disaster for most Americans: Only 44 percent of private sector workers participate in a defined contribution plan.
Failing to plan is planning to fail. If this is true, most Americans are planning to live in retirement with very little money and are going to rely heavily on Social Security to get by. That is the case today where most retirees get the bulk of their income from Social Security. Back when the […]