Aug 16 2017

Where in the world do Americans spend their money?  Taking a look at where incomes go each month.

I remember the first budget I put together.  It left me feeling depressed and feeling as if I had been punched in the gut.  The practice was done largely out of necessity but there was something that jumped out at me.  Housing consumes a good portion of net income.  For most Americans this is the reality.  When we look at spending habits we realize that half of this country is living paycheck to paycheck.  A budget is a basic necessity even if you do it just once to understand where your money is flowing.  Yet most people spend money as quickly as it comes in like sand flowing through your fingers. I wanted to look at the latest spending breakdown of Americans to see where most of our money is going.

Read More

Aug 5 2017

Taking a look at the 95 million Americans not in the labor force:  1 private sector worker is supporting every 2 Americans.

There continues to be an inordinately large number of Americans that are not in the labor force.  There are a variety of reasons as to why these Americans are not working.  Some are retired and some are disabled.  But the reality is we have a massive number of people that need to be supported either by their own funds or government assistance.  When you look at our total population, we have roughly 1 private sector worker supporting 2 Americans.  In this article I wanted to examine the nature of the 95 million Americans not in the labor force.

Read More

Jul 27 2017

The Global Pension Nightmare – Global pension underfunding will be $400 trillion by 2050.

Apparently good things do come to an end.  The global pension outlook is looking bad and a large part of this stems from people living longer and simply not saving enough while they work.  There are some major problems on how pensions are structured and the US, the wealthiest nation in the world is shifting to a “work until you die” retirement plan.  And this is for the richest nation so you can imagine how things look in other countries.  Most people continue to ignore these massive problems but it is hard to miss the fact that by 2050 global pension funds will be underfunded by $400 trillion.  Does this sound sustainable?

Read More

TAGS:
Jul 18 2017

Student loan tsunami on the horizon:  Of $847 billion in Direct Loan program, only $535 billion is actually being paid back at the moment. 

The amount of student debt continues to grow like a skyscraper reaching for the clouds.  There seems to be an unlimited amount of student debt that college students are willing to take.  As of today, there is $1.44 trillion in student debt outstanding.  But how much of this is being actively serviced?  After all, if you take out a mortgage or auto loan you start paying on it right off the bat.  You will be surprised at the small amount of student debt that is actually being paid back at the moment.  Young Americans that are already cash strapped are going to get even more budget tightening once they graduate and need to pay back the large amounts of loans they have taken on.

Read More

Jul 9 2017

How to live on $25,000 a year in low wage America:  A guide to living on the per capita income.

Most Americans live paycheck to paycheck.  We hear stories of people waiting until midnight at the end of the month so accounts can get filled with funds simply to buy food.  This shouldn’t come as a shock given the per capita income of a working American is roughly $25,000.  Does that seem like a lot or a little?  Well we are going to find out in this article when we actually look at a full monthly budget at this level.  Most Americans don’t have money saved for retirement because most of the living expenses are already eaten up by simply being alive.

Read More

TAGS: ,
Page 1 of 21212345...102030...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