Dec 15 2015

How inflation is purposely underreported as a justification to maintain low interest rates: Two specific examples with housing and college tuition.

Inflation is largely misunderstood by the public at large.  People for the most part think that inflation is the natural economic order and that prices go up naturally.  Official inflation figures play a much bigger role influencing cost-of-living adjustments for things like Social Security but also serve as cover to maintain low interest rates.  The […]

Dec 11 2015

The Middle Class in America has just become a minority: For the first time in over 50 years low-income and high-income Americans outnumber the middle class.

It was only a matter of time but we can now officially say that the middle class in America has reached minority status designation.  Recent figures show that there are more low-income and high-income Americans versus those in the middle class.  Most of the growth has been fueled by the trend in adding low wage […]

Nov 27 2015

Are Millennials as broke as the media says they are? The answer is a resounding yes for the following reasons.

If you type in “characteristics of the Millennial generation” into trusty Google you will find a list of interesting headlines.  Some of the titles given to Millennials are: Generation Y, Generation WE, The Boomerang Generation, and The Peter Pan Generation.  Part of this stems from the way many were raised by baby boomers who were […]

Oct 20 2015

The two income trap and the myth of high American wages: 50 percent of wage earners had net compensation of $28,851 or less.

If you can sum up the sentiment among the American public in two words it would be economic frustration.  The public is frustrated that inflation is eating away at the quality of life many have come to expect.  While families don’t need bankers or politicians to tell them about this, it is especially infuriating when […]

Oct 1 2015

Wage Apocalypse for the American man: Typical male worker earned less in 2014 than in 1973.

The middle class destruction train is moving full steam ahead if we are to examine Census figures closely.  And the American male has a first-class ticket on this express train to wage destruction.  According to the recently released Census figures full-time working males are earning less than they did in 1973 adjusting for inflation.  Purchasing […]

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