Dec 10 2010

How much does the average American make in 2010? Examining new data on U.S. household income numbers and high income earners. 100 million Americans make less than $39,999 per year.

Examining the average income for Americans sheds a very troubling light on what has happened to income over a very financially destructive decade.  If we look at the median household income in the U.S. this actually underplays the falling behind of wages because we are looking at households with multiple people working.  Without a doubt […]

Aug 21 2010

Sin City and Nevada suffer brunt of recession – 25 percent underemployment rate for Nevada reflecting depression like stats. Foreclosure data on home that was picked up for $120,000 but had a second mortgage of $1.2 million.

The great recession has touched every state across the United States with a reverse Midas touch.  Every average American has felt this recession to one degree or another.  Yet few states have felt the economic implosion like Nevada.  Here we have a state that highlights the heavy reliance on the housing bubble, conspicuous consumer spending, […]

May 13 2010

California state budget and fiscal year problems assure a weak housing market and poor employment conditions for another fiscal year. $3 billion miss in April tax revenues, selling electronic freeway ad space, and 80 percent of income from volatile sources.

The state of California is entering the new fiscal year budget wrangling period.  What the legislature in Sacramento was hoping for in April with generous tax revenues actually turned out to be an absolute bust.  The California housing bubble bursting is still having deep ramifications for the future of the state.  Unfortunately what we are […]

Apr 26 2010

How much do average Americans make after the Great Recession? Examining the income of U.S. households. 65 percent of U.S. households live on $65,000 or less.

In order to understand the middle class, we first have to draw a line in the economic sand.  Many in our society would like to believe that we live in a classless system but this isn’t true especially when we look at the financial data.  This classless belief has been shattered with the current structure […]

Apr 8 2010

State and Local Budget Crisis Black Swan – California paying out $100 Million per Day in Unemployment Insurance. Detroit’s Shrinking Population Crushes Revenues. The Employment Situation at a Micro Level.

One stunning statistic that hit this week regards California’s unemployment insurance claims being paid out.  California is paying out some $100 million per day in unemployment benefits.  I’m not sure if I would call it a “benefit” but more as a buffer to get by.  In reality if we really want to get a pulse […]

Page 2 of 41234

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