Why you should fear inflation: The CPI understates the true nature of inflation. BLS only allocates less than 2 percent to tuition in CPI. Missing big on the biggest expense in housing.
Some people believe that inflation is simply a part of the normal economy like seeing the sunrise every day. Over time prices will rise on everything, or so the argument goes. I’m not sure if most dig into the question any deeper and question the nature of prices rising. If we look at inflation over […]
How crony capitalism is harming the economic prosperity of young Americans: College tuition up 1,140 percent since 1978 and wages are stagnant.
When you live life as a hammer, everything must appear like a nail. So when our economy is run and operated by the financial industry, everything must appear like a casino just asking for it in terms of speculation. Such is the state of affairs in a crony capitalistic system. The term gets thrown around […]
Is college worth the debt? The cost of one year of college is higher than the per capita wage of a fully working American.
Going to college has become a rite of passage in America. We’ve left shamanic rituals deep in our human past and have come to accept college as a clear transition point into adulthood. In a consumption based economy, success is typically measured by your ability to consume. Spending prowess is not measured by sea shells […]
The frightening lack of accounting transparency in the student loan market: New York Fed has student loan debt at $1.027 trillion while Fed Board of Governors in Washington has it at $1.214 trillion.
You see what you want to see. This is the current state of the financial markets. When a handful of observers were warning the Fed and multiple government agencies about the subprime crisis floating in the market, hardly anyone wanted to listen. This is the same kind of accounting trickery that is now pervasive in […]
Why are so many young Americans living at home? Record number of Americans living at home while student debt reaches another record.
While the unemployment rate continues to fall in large part because people are dropping out of the workforce, we reach another record which highlights a difficult economy for young people. A record number of young Americans now live at home. It would be one thing if this was being driven by a desire to stay […]
Arrested development courtesy of student debt: How student debt is putting the lives of many young Americans on hold.
Many young Americans view student debt as a necessary evil in pursuing higher education. The level of student debt now reaches Himalayan levels as many are falling behind on keeping up with payments. A double-edged sword has befallen young Americans. First, the path to middle class jobs no longer runs through a blue collar industry […]
The most delinquent loan of them all: Student debt delinquencies at record levels on the eve of rates doubling. Half of college graduates working in jobs where their degree is not required.
If the news for college graduates couldn’t get any better. Our woefully motivated millionaire Congress is unable to figure out what is necessary to stop the doubling of interest rates on student debt. While the Fed can turn on a dime to rectify zero percent interest rates for member banks, trying to help the youth […]