May 8 2014

US household debt nearly twice as high as annual wages and salaries: Inflating the consumer debt bubble with student loans and auto debt.

The latest consumer credit report surprised to the upside. What was the surprise? Americans are back to borrowing money they don’t have. Are they borrowing for investing or possibly purchasing a modest home? No. The latest data shows that Americans are once again going deep into student debt and auto debt. This is actually worse […]

Apr 24 2014

The comprehensive guide on why you will never retire living the way you do: Examining the typical $50,000 household budget and why most Americans have nothing to very little saved for retirement.

We are facing an impending retirement crisis of epic proportions. The math is tough to look at. We have a growing population of aging baby boomers hitting retirement age with weak investment portfolios. Many will face increased healthcare costs since most of healthcare spending tends to hit in old age. Many older Americans are finding […]

Feb 2 2014

The EBT recovery – Food stamp cuts impact Wal-Mart: The consequences of a low wage recovery create a larger group of Americans living food stamp to food stamp.

This recovery is the most lopsided recovery the US has faced in more than a generation.  Wal-Mart recently announced a big hit to their bottom-line because of the recent cuts to the nationwide food stamp program.  Over 47 million Americans now depend on food stamps to get by on a monthly basis to feed their […]

Nov 1 2013

US households cannot avoid soft default consequences of deleveraging: While US households continue to unwind debt total public debt soars out of control.

The US is walking in a financial minefield.  The recent government shutdown simply highlighted the mega dysfunction in our Congress run by millionaires.  The government is in a deep capture by large financial interests.  The IMF now has an indicator looking at household debt measured against GDP.  Since the recession, US households have undergone a […]

Oct 26 2013

Means-Tested recovery: Over 108,000,000 Americans received means-tested benefits in latest report from Census Bureau, more than are currently employed full-time.

The Census Bureau released some interesting data in October.  One of the pieces of data that we knew was coming was the continuing decline of household income.  This decline is in line with the growing income disparity that is occurring in the US.  Another piece of data made this trend abundantly clear.  The comprehensive data […]

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