Nov 18 2015

What the heck? U.S. Public Debt up $518 billion in November alone: U.S. debt ceiling made of toilet paper.

You might remember that back in March, we hit our debt ceiling limit.  The amount registering on the U.S. Treasury Department website was stuck at roughly $18.15 trillion.  Of course given our addiction to spending and debt, we simply charged all new spending off the books.  We as a country have a deeply rooted addiction […]

Sep 12 2015

The American Dream deferred: Looking at the 4 horsemen of middle class destruction. Student debt, household income, low wage jobs, and FIRE economy dominance.

The angst that is being manifested in the political arena is largely being brought on by economic uncertainty.  There is a general underlying anxiety of living in a United States with a weakened and invisible middle class.  We are heading directly into that scenario with both eyes fully wide open.  Many of the new jobs […]

Jul 26 2015

Credit card debt makes up for lack of income growth: Credit card debt outstanding back up to $900 billion. Since 1980 household income up 300% while credit card debt up 1,760%.

The middle class started disappearing in earnest in the late 1970s.  Massive inflation started eating away at the standard of living for most Americans.  Yet much of this was covered up by access to debt.  Credit cards, creative mortgages, student loans, and auto debt all allowed Americans to continue acting as if prosperity was only […]

Jun 3 2015

The working few and the inverted pyramid of labor: 1 out of 3 Americans financially carry the other two-thirds.

Last month a record 93,194,000 Americans were counted as not being in the labor force.  Counted might be the wrong word since this group is largely erased from any employment figures.  In fact, this is a large reason why the unemployment rate has fallen so dramatically.  Yet one grim financial reality remains.  That reality includes […]

Apr 24 2015

Two-thirds of Americans don’t understand how credit cards work: The debt addiction in your pocket.

There is something alluring about swiping a card and making a purchase.  It almost seems euphoric and fun.  Credit cards come in a variety of sleek designs to help you part with your current and future income.  Americans are deeply in debt.  Mortgages, student loans, auto debt, and credit cards consume a large portion of […]

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