Aug 24 2013

Wealth distribution in US rivals a modern day Gilded Age: In 2013 wealth inequality at record levels. 72 percent of wealth in US held by 5 percent of the population.

Americans continue to live through a modern day Gilded Age.  Wealth inequality is at its highest levels since the Great Depression, when names like Mellon and Morgan plastered the headlines.  Yet this time around, the availability of debt provides the illusion that the playing field is even.  Americans are massively in debt and when we […]

Jul 30 2013

The American dream myth: Income mobility; 4 out of 5 Americans struggle with poverty, joblessness, or go on welfare at some point during their lives; and bottom 80 percent of Americans control 7 percent of total wealth.

There is an odd sort of Greek-like mythology that the American dream is only getting stronger when various pieces of economic data clearly show that this is not the case.  The middle class has noticeably shrunk over the past few decades.  Income inequality is at levels last seen during the wildly opulent Gilded Age.  We […]

Jul 24 2013

The uneasiness of Quantitative Easing: How QE is ineffective with helping the broader economy in favor of boosting support for too big to fail banks.

Quantitative Easing outside of economic and financial circles is a mystery to most of the public.  In fact, start talking about the Federal Reserve and eyes will glaze over as if you were speaking in tongues.  The financial sector counts on the public being ignorant of such things.  That is why the failure of QE […]

Jul 2 2013

Has the US lost control on debt market growth? Unbridled debt expansion at the nucleus of rising debt inequality in the United States. US total credit market debt now over 3 times larger than annual GDP.

There is one charge that can never be leveled against Americans and that would be that we somehow have an aversion to debt.  To the contrary, our love with debt has blossomed into a full blow addiction.  People confuse access to debt with actual real wealth.  However as the foreclosure crisis has taught millions, you […]

Jun 14 2013

The financially forgotten generation: Economically raising the Millennials in a debt strapped financial world. Over half of Millennials have no savings.

Millennials, those roughly 18 to 34 years of age are growing up in the financial shadow of their baby boomer parents.  This group of Americans is more diverse in what they perceive to be a good quality life.  They prefer to live close to work and shopping, they are not big on suburbs, and many […]

Page 10 of 52« First...89101112...203040...Last »

My Budget 360

Enter your email address to receive updates from My Budget 360:

100% Private & Spam Free.

 


Subscribe in a reader

 

Popular – All Time


  • 1. How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.
  • 2. Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.
  • 3. Is college worth the money and debt? The cost of college has increased by 11x since 1980 while inflation overall has increased by 3x. Diluting education with for-profits. and saddling millions with debt.
  • 4. The Perfect $46,000 Budget: Learning to Live in California for Under $50,000.
  • 5. Family Budget: How to go Broke on $100,000 a year. Why the Middle Class has a hard time Living in Expensive Urban Areas.
  • 6. Lining up at Midnight at Wal-Mart to buy Food is part of the new Recovery. Banks offering Mattress Interest Rates. The Invisible Recovery Outside of Wall Street.
  • 7. You Cannot Afford a $350,000 Home with a $75,000 Household Income!
  • 8. Crisis of generations – younger Americans moving back home in large numbers. Student loan default rates surging largely due to for-profit college expansion.
  • 9. The next massive debt bubble to crush the economy – 10 charts examining the upcoming implosion of the student loan market. $1 trillion in student loans and defaults sharply increasing.
  • 10. Welcome to the new model of retirement. No retirement. In 1983 over 60 percent of American workers had some kind of defined-benefit plan. Today less than 20 percent have access to a plan and the majority of retired Americans largely rely on Social Security as their de facto retirement plan.
  • Categories