Mar 25 2015

Bear markets happen more than people think: Since 1940 we have encountered 12 bear markets.

A bear market is defined by a 20 percent drop in the stock market from recent highs.  For some, the memory of the last crisis is now but a distant echo.  After all, we’ve been in a rather strong bull run for 6 years.  But bear markets happen more than most people think.  Since 1940 […]

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.  […]

Mar 10 2015

The young, broke, and indebted American: 45 percent of 25 year olds carry student debt and the median net worth of those 35 and younger is one month of expenses.

It is clear looking at economic data that young Americans were not sent the memo regarding this economic recovery.  People do realize that the “Great Recession” officially ended in the summer of 2009, right?  We’re heading into year six of this recovery but many are simply seeing lower paying jobs, a deeper reliance on debt, […]

Mar 6 2015

Low wage jobs and the increase in non-working America grow: Half of jobs added last month were in low wage fields and those not in the labor force jumped by 354,000.

If we look at the labor force in sheer numbers we find a couple growing themes.  The number of low wage jobs continues to dominate employment growth.  Of course this will only add additional burdens to an already cash strapped young American worker.  Financial pundits would say any job is better than no job.  Speaking […]

Mar 3 2015

The 35 year drought in real wages for American workers: American workers really haven’t had a raise since 1979.

Economic recoveries take on a variety of shape and sizes.  With stock markets reaching new highs you would expect that some of the fruits of this boom would trickle down to American workers.  But some of the booming trends are continuing on the path of low wage labor and certainly, of turning people into contract […]

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