Mar 27 2012

The modern day Gilded Age – in 2010 top one percent captured over half of all income gains. From early 2009 the S&P 500 is up 109 percent but home prices are at new lows falling almost 34 percent.

Most Americans derive their net worth from the equity built up in their homes.  This has been the case for many decades.  As the stock market races upwards to stratospheric highs it is hard for many average Americans to understand why it is that economically they are stuck in the same place.  New tax data […]

Mar 24 2012

Retirees face a perilous financial decade ahead – Over 30 percent of workers have less than $1,000 saved for retirement. Defined-benefit plans down to 20 percent from over 60 percent in 1983.

While financial institutions can rearrange assets and play around with accounting rules modifying reality the progression of age is hitting millions of Americans.  There is no pause button when it comes to growing old.  Recent surveys are highlighting a very challenging road ahead for retirees.  A survey released by the Employee Benefit Research Institute (EBRI) […]

Mar 19 2012

Little Known Ways the Federal Reserve Punishes American Savers and Supports Conspicuous Consumption.

The Federal Reserve is one of the most mysterious organizations in the world.  What they don’t hold back on however is their intentions for the American saver.  They are one of the biggest key players in the financial bailouts yet very little is ever discussed about this organization on national or even cable television.  The […]

Jan 21 2012

The catastrophe of our economy for the young American worker. Average college debt higher than typical new automobile cost, annihilation of pensions, and younger Americans moving back home because of financial necessity.

The economy for young Americans might as well be in a parallel universe to the stock market run since early 2009.  Talks of recovery must fall on confused ears as many young college graduates compete for fewer jobs with higher amounts of student debt.  In the last decade college graduates have encountered the highest tuition […]

Dec 12 2011

What is the median household income in the US? A crisis spanning multiple generations and the taboo of household income.

Household income is a taboo topic even though people have a visceral enjoyment of spending their hard earned money.  As we go out and spend during this holiday season many people have absolutely no clue what other family members or neighbors make.  Some would argue that household income is absolutely private and I would agree […]

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