Jun 6 2015

The crisis in housing: Not enough homes are being built and rents are outstripping wage gains.

There is an economic crisis happening in the housing market.  The working class is finding more of their wages sucked into the housing financial puzzle. Stagnant wages combined with rising home prices and rents are putting a lid on household formation.  It probably doesn’t help that many young families are caught in the low wage […]

Jun 3 2015

The working few and the inverted pyramid of labor: 1 out of 3 Americans financially carry the other two-thirds.

Last month a record 93,194,000 Americans were counted as not being in the labor force.  Counted might be the wrong word since this group is largely erased from any employment figures.  In fact, this is a large reason why the unemployment rate has fallen so dramatically.  Yet one grim financial reality remains.  That reality includes […]

May 14 2015

Student and auto debt fuel credit bubble 2.0: Student loans carry the highest delinquency rate of all debt classes. Student and auto debt up $1.15 trillion in last decade.

A large portion of our recent recovery has come from debt fueled consumption.  The bailouts have been favorable to financial institutions but access to debt for American families has been in segments that are counterproductive to wealth accumulation.  There is no benefit in having access to cheap loans for purchasing a car, an “asset” that […]

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Apr 1 2015

The economically lost generation of Millennials: taking a look at net worth data, living arrangements, and student debt.

Young Americans probably missed the memo regarding the economic recovery that has been taking place since 2009.  Apparently massive student debt, living at home, and a market full of low-wage jobs isn’t exactly the picture perfect ideal of a booming economy.  Millennials are facing an uphill battle.  The market has virtually eliminated the pension system […]

Mar 15 2015

The next bailout will be with student loans: White House takes first steps in allowing a bankruptcy option for student debt. $1.2 trillion in student debt outstanding.

It truly is absurd when you hear people moralizing that people should pay their student debt when virtually every other debt class can be discharged through bankruptcy.  You can go to Las Vegas, run up $50,000 in credit card debt for a wild night, and if you are unable to pay it back, no problem.  […]

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