Nov 20 2014

Multi-generational living is here to stay in a low wage economy: Over 57 million Americans live in multi-generational households.

The Great Recession might be officially over on paper, but the social impact continues to be felt today. The structural changes are deep and profound and have caused a major rise in multi-generational households. Many young Americans burdened by low wage jobs and college debt may have no other option but to move back home […]

Nov 4 2014

The government is already in a soft default and is addicted to low interest rates: Government expenses at $3.87 trillion while receipts enter at $3.29 trillion.

The term default has varying definitions depending on whether you are an individual, a big bank, or the government. For you as an individual, default will occur when you are unable to pay your debts with the income you are generating. You are constrained by your income. As we saw with the housing crisis, when […]

Oct 29 2014

Is going to college worth it? College tuition has increased at a faster rate than housing, energy, food, and medical care costs over the last decade.

For an entire generation it was an easy question to answer.  Is college worth it?  Absolutely.  There was little debate regarding the “worth” of a college education.  Of course this question was usually asked during more affordable times and not when $1.2 trillion in student debt was out sloshing about in the economy.  I think […]

Oct 20 2014

One-third of working Americans support two-thirds of the population: The hidden figures of those not in the labor force and transfer payments.

There still seems to be little acknowledgement of the massive army of people now falling into the category labeled as not in the labor force. Some of this growth is predictable like many older Americans hitting retirement age. But this only explains a small portion of the change since many older Americans are needing to […]

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