The wealthiest 10% hold 76% of the wealth: The rich continue to pull away from the rest of the crowd.
Wealth in the U.S. continues to accumulate into fewer hands. A recent Congressional Budget Office report showed that the top 10% of U.S. families now control 76% of total wealth. That is a massive amount considering total family wealth is at $67 trillion. Wealth inequality continues to expand and is creating deeper divides in our […]
Gallup Economic Confidence Index plunges while stock market near record: Stock Market decoupled from financial well being of average Americans.
Gallup releases an Economic Confidence Index which should reflect the overall sentiment of Americans as it pertains to the economy. With the stock market near record highs and the housing bubble market soaring, you would expect average Americans to be smiling from ear to ear with glee. But when you click on over to Gallup, […]
Once upon a time, there was a middle class: This election year will determine whether the middle class falls into obscurity.
In the not too distant past the United States had a vibrant middle class. Prosperity for most families was the rule rather than the exception. This didn’t happen by accident or some odd twist of luck. It happened because as a country we setup a foundation that valued a robust middle class. The Great Depression […]
9 charts showing Americans never recovered from the Great Recession: If you are wondering why people are so angry look no further.
The press is somewhat baffled as to why Americans are so angry this year. The stock market seems to be doing fine (too bad most Americans don’t own stock). Jobs are being added (too bad most jobs are in the low wage service sector). Housing values are up (too bad the homeownership rate is down […]
100 American CEOs have more retirement wealth than 116 million Americans. The retirement divide grows larger each year.
Most Americans have no retirement strategy. In fact, the new model of retirement appears to be work until you die. It isn’t an uncommon model. In fact, this used to be the status quo for centuries on end. Some tend to believe that having a middle class is the natural order of things. That is […]
The casino of Wall Street enters official correction territory: S&P 500 has increased on the back of a massively expanding Fed balance sheet.
The casino effect of Wall Street is being played out in full. The Fed balance sheet recently stopped growing at an astounding $4.5 trillion. This is the first time in nearly three years that the balance sheet has slowed down in large part for the oncoming rate hikes that seem to never materialize. The market […]
A bear market is defined by a 20 percent drop in the stock market from recent highs. For some, the memory of the last crisis is now but a distant echo. After all, we’ve been in a rather strong bull run for 6 years. But bear markets happen more than most people think. Since 1940 […]