Dec 6 2015

We have traded building cars for mixing drinks: This year the US added nearly 300,000 waiters and bartenders, and zero manufacturing workers. Manufacturing was once 33 percent of all jobs and now it is below 10 percent.

While the Federal Reserve now looks to have the green light on raising interest rates after many head fakes, the employment report isn’t so clear.  Sure, we are adding jobs but we are adding a large number of jobs in the low wage segment of our economy.  Case and point?  Since the start of the […]

Dec 2 2015

Unable to afford homes, Americans dive into subprime auto debt to purchase cars: Auto debt getting riskier with extended terms and chasing borrowers with lower credit scores.

The word “subprime” was synonymous with the toxic loans that were made during the credit bubble.  Some tend to think that those days are long gone but we simply have shifted the form in which toxic debt is filtered into the system.  Instead of making no-doc no-income loans on houses, we are now offering no-income […]

Nov 27 2015

Are Millennials as broke as the media says they are? The answer is a resounding yes for the following reasons.

If you type in “characteristics of the Millennial generation” into trusty Google you will find a list of interesting headlines.  Some of the titles given to Millennials are: Generation Y, Generation WE, The Boomerang Generation, and The Peter Pan Generation.  Part of this stems from the way many were raised by baby boomers who were […]

Nov 22 2015

The young carry the weight of student debt: Of the more than $1.3 trillion in student debt outstanding over 66 percent is carried by those 39 and younger.

The compounding problems with student debt are getting louder as each year passes by.  Student debt outstanding is now at a whopping $1.3 trillion and most of this is being carried by young Americans.  While college costs have soared for most many recent college graduates are working in jobs were wages are low.  This has […]

Nov 18 2015

What the heck? U.S. Public Debt up $518 billion in November alone: U.S. debt ceiling made of toilet paper.

You might remember that back in March, we hit our debt ceiling limit.  The amount registering on the U.S. Treasury Department website was stuck at roughly $18.15 trillion.  Of course given our addiction to spending and debt, we simply charged all new spending off the books.  We as a country have a deeply rooted addiction […]

Nov 13 2015

100 American CEOs have more retirement wealth than 116 million Americans. The retirement divide grows larger each year.

Most Americans have no retirement strategy.  In fact, the new model of retirement appears to be work until you die.  It isn’t an uncommon model.  In fact, this used to be the status quo for centuries on end.  Some tend to believe that having a middle class is the natural order of things.  That is […]

Nov 8 2015

The 20 small cities struggling the most in the U.S. based on economics, education, quality of life, and affordability: All of the cities are in California.

It is hard to quantify what makes a city great or bad.  Simply having a higher income is not enough to separate an area from another city if the cost of living is outrageous.  There have been attempts to use cost of living adjustments but the attempt to rank cities has been paltry.  Most of […]

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