May 2 2020

30.3 million Americans have filed for unemployment insurance in the last six weeks. There is also a backlog so numbers would be higher

The unemployment figures that we are seeing are startling. We have now seen 30.3 million people file for unemployment insurance in the last six weeks. These numbers are historic even when comparing to the Great Depression.  The notion that we will have a sharp V-shape recovery is simply not going to be the case. While […]

Apr 19 2020

The COVID19 Depression: 22 million file for unemployment insurance as unemployment rate is now fully in double-digits.

For many years we have talked about how many Americans were living paycheck to paycheck.  One troubling statistic that came to mind, even before the COVID19 outbreak, was that half of Americans were one paycheck away from financial disaster.  What the COVID19 outbreak has shown is how frail the economic situation was for many Americans […]

Oct 10 2017

5 charts highlighting the epic housing crisis for Millennials – one third of young adults living at home with parents.

Millennials are starting to realize that living at home may be a longer-term proposition.  Moving back home is being motivated by heavy levels of student debt and jobs that simply pay a lower wage.  These trends run directly into the current reality that rental prices are soaring and home values are once again near peak […]

Aug 30 2017

Living paycheck to paycheck is the way of life:  New Harris poll finds that 78 percent of US workers live paycheck to paycheck.

For most Americans, living for payday is the way of life.  And many use debt to bridge the gap between money hitting their bank account and the bills that need to be paid.  We know since many banks make billions of dollars on people over drafting accounts.  A new Harris Poll found that 78 percent […]

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