Census data shows a record 46.7 million Americans live in poverty. Over 40,000 dollar stores now permeate the United States.
Census data is always released in September for the previous year. As far as comprehensive data goes the Census is one of the best measures that we have. The latest Census figures merely reflect an economy that is crushing the American Dream. It also helps to highlight why so many people have profound doubts regarding […]
Inflation is all around us if you know where to look: Spiking food costs, rising home prices and rents, and more expensive energy.
Inflation is accepted as a normal part of our economy similar to how we take it for granted that the sky is blue. It is close to a religion where people simply believe that inflation is part of the economic fabric of our nation. Yet inflation with no subsequent rise in wages is tantamount to […]
The rise of the dollar store – catering to a disappearing middle class with shrinking incomes has made dollar stores prosper in the last decade. In last decade Family Dollar grew by 62 percent in store count while U.S. population only went up by 8 percent.
Dollar stores for most Americans carry an odd sort of stigma. In the past, these locations were seen as shopping hubs for the poor only. Yet as we all know many in the once strong American middle class were thrown off the prosperity treadmill and into lower income brackets. While companies struggle with growing dollar […]
Austerity nation – 45 million Americans on food assistance programs. Americans shopping at discount dollar stores confronting the realities of a shrinking dollar and disappearing middle class.
From November to December of 2010 487,000 Americans were added to the food stamp program. Keep in mind this all occurred while the stock market continued to soar and has rallied nearly 100 percent from the lows reached in March of 2009. Working and middle class Americans barely have enough to pay for the monthly […]
The Food Bubble – the financial cost of feeding the world. Feeding 219,000 more people every night. Wheat prices up 8 percent for the year.
The word bubble has taken on an entirely new meaning thanks to the global housing bubble. Yet we have experienced bubbles in other areas outside of real estate. During the 1990s the nation experienced a technology bubble. That was followed shortly by a housing bubble. Both of these have burst. Yet we still have other […]