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 […]

Dec 6 2015

We have traded building cars for mixing drinks: This year the US added nearly 300,000 waiters and bartenders, and zero manufacturing workers. Manufacturing was once 33 percent of all jobs and now it is below 10 percent.

While the Federal Reserve now looks to have the green light on raising interest rates after many head fakes, the employment report isn’t so clear.  Sure, we are adding jobs but we are adding a large number of jobs in the low wage segment of our economy.  Case and point?  Since the start of the […]

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 […]

Sep 12 2015

The American Dream deferred: Looking at the 4 horsemen of middle class destruction. Student debt, household income, low wage jobs, and FIRE economy dominance.

The angst that is being manifested in the political arena is largely being brought on by economic uncertainty.  There is a general underlying anxiety of living in a United States with a weakened and invisible middle class.  We are heading directly into that scenario with both eyes fully wide open.  Many of the new jobs […]

Sep 29 2014

When income growth hits a brick wall: From 1949 to 1979 over 60 percent of all income growth went to the bottom 90 percent. After that, things changed for the middle class.

People routinely wake up every day, grab breakfast, and hurry out of their door to work. Most are merely running on a treadmill trying to make sure they have enough money to pay the bills that come down like a torrent of water. Is this pinching of the wallets really a shrinking of the middle […]

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