Aug 7 2009

The End of the Peak Credit Era: 3 Quarters of Contracting Consumer Debt. Credit Card debt Contracts on a Year over Year Basis for First Time Ever.

There is a small silver lining in the unemployment report released on Friday.  The positive side was the amount of people being fired slowed down in July (if you can call an annual rate of 3 million layoffs positive).  However, there is still a major reluctance for firms to hire.  We still have 26,000,000 unemployed […]

Jun 28 2009

The Country that Punishes Savers: Americans Saving 7 percent of Income Putting nearly $800 Billion Annual Rate on the Sidelines. Banks offering 0 to 0.10 Percent to Borrow Your Money.

Americans are increasingly putting more and more money on the sidelines.  For the month of May Americans put away 6.9 percent of their income into savings.  Not the stock market or real estate but bona fide savings.  This is a stark contrast from the zero rates achieved back in April of 2008.  When we discussed […]

Jun 4 2009

Credit Card Debt Obsession: Americans Unwilling to Give up Plastic. Bankruptcies and the Credit Card Addiction.

The banking crisis with mortgages at the center, has taken much of the economic headline news over the past two years.  Yet there is a brewing problem in the credit card markets.  Credit card debt is now becoming another bubble itching to burst.  The meteoric rise in bankruptcies is simply a reflection that Americans have […]

Feb 10 2009

Can You Live on $60,000 a Year in California? Yes You Can!

California is facing some troubling times.  It has one of the highest unemployment rates at 9.3% and families are trying to figure out ways to stretch their dollar as far as it can go.  Now I thought in the middle of all the troubling news out there, I would offer a post that examines how […]

Dec 1 2008

How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.

How much does the typical American family make?  This question is probably one of the most central in figuring out how we can go about fixing our current economic malaise.  After all, we don’t hear many people saying in today’s world that they have too much money.

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  • 1. How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.
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