Dec 19 2013

Middle class acquiesces through the looking glass of financial mediocrity: The financial system continues to pillage the wealth of working and middle class Americans.

2013 can be remembered as a year where the markets fully disconnected from Main Street.  The trickle down promises are all empty and hollow words.  For example, we had one of the best stock market rallies ever yet most Americans are not seeing any wage growth.  The housing market boomed but more than 30 percent […]

Sep 20 2012

The tax consequences of a shrinking middle class – Nearly half of Americans do not pay income taxes because they earn too little or are flat out on Social Security.

Recently the topic of taxes has been put on center stage again.  Aside from the political bickering the data shows us an even more disturbing trend.  The middle class is demonstrably shrinking at a time that the government is spending money it doesn’t have while the Fed is digitally printing money to save its allied […]

Aug 31 2012

When the financial clock strikes zero – Half of Americans pass away with nearly zero wealth. The middle class has contracted by ten percent in the last 40 years.

A recent study demonstrates the precarious financial position many Americans find their lives in.  The National Bureau of Economic Research found that nearly half of Americans pass away penniless.  The exact figures were sobering stating that many of these Americans end up with no financial assets including home wealth and typically rely heavily on Social […]

Jun 20 2012

Financial panic button for younger Americans – The sandwich generation saw a 59 percent decline to their net worth as they deal with college aged students living at home and elderly parents.

Unfortunately more data pointing to the deterioration of the middle class came out this week regarding net worth figures.  One of the more ominous data points regarded the sandwich generation of those taking care of college aged kids and parents.  The net worth figures this time released by the US Census coincide with the information […]

Jun 11 2012

How to lose 40 percent of your net worth in 3 years – Americans see their net worth collapse during the recession. Federal Reserve survey highlights a case of austerity for the masses and social welfare for the politically connected.

Working and middle class families already feel the burden of a more limited financial middle in our economy.  What was once taken for granted such as affordable quality college education, homes with moderate mortgages, and healthcare costs that didn’t put families on the verge of bankruptcy are now largely harder to come by.  The Federal […]

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