Dec 10 2014

The American Dream deferred for young Americans: Living in rentals, inflated college tuition, and low wages await millions of young Americans.

The Americans Dream was largely built on a few simple ideals. One was the ability to purchase your own home without needing artificially low rates and dangerously low down payments. Another key aspect of the dream was allowing young Americans to receive a college education to pursue their future. While more Americans are going to […]

Dec 7 2014

Social Security helps keep half of elderly Americans from poverty: Social Security has become the de facto retirement plan for millions of Americans.

Social Security was never designed as a long-term retirement plan for millions of Americans.  Yet Social Security has become the default retirement plan for many elderly Americans.  In fact, if it were not for Social Security roughly 44 percent of elderly Americans would be in poverty.  This is calculated by how many Americans receive Social […]

Nov 20 2014

Multi-generational living is here to stay in a low wage economy: Over 57 million Americans live in multi-generational households.

The Great Recession might be officially over on paper, but the social impact continues to be felt today. The structural changes are deep and profound and have caused a major rise in multi-generational households. Many young Americans burdened by low wage jobs and college debt may have no other option but to move back home […]

Nov 9 2014

Low wage jobs dominate as waiters and bartenders will soon outnumber manufacturing jobs: Latest jobs report highlights continuing trend in low wage employment.

The trend to low wage employment continues as the latest jobs report shows that wages are being eroded by inflation. Of course, the public is told that inflation is muted but simply looking at your paycheck versus housing costs, healthcare costs, and food would tell you a different story.  Americans went to vote with economic […]

Oct 5 2014

Those not in the labor force but looking for a job now rose last month: The funny numbers behind the unemployment rate.

Those “not in the labor force” Americans continues to expand while the headline unemployment rate continues to decline.  Some pundits will try to argue that this number does not accurately portray those looking for work.  Well how about a category called “not in the labor force, want a job now” for categorizing those looking for […]

Sep 29 2014

When income growth hits a brick wall: From 1949 to 1979 over 60 percent of all income growth went to the bottom 90 percent. After that, things changed for the middle class.

People routinely wake up every day, grab breakfast, and hurry out of their door to work. Most are merely running on a treadmill trying to make sure they have enough money to pay the bills that come down like a torrent of water. Is this pinching of the wallets really a shrinking of the middle […]

Sep 24 2014

The New Normal for the American Dream – 3 Cornerstones: Low wage jobs, high levels of college debt, and a retirement that consists of working until you pass away.

There seems to be a growing acceptance that the American Dream is hardly as accessible as it once was. Low wage jobs, higher education tuition pushing many into untenable levels of debt, and a new vision of retirement all seem to connect into one new theme. The new theme revolves on a much more challenging […]

Page 1 of 2112345...1020...Last »

Enter your email address to receive updates from My Budget 360:

100% Private & Spam Free.



Categories



wordpress stats