Debt serfdom via student loans: A new class of indentured servants now carry the $1.1 trillion student loan bubble and cracks are already plaguing the system.
$1.1 trillion. That is the amount of student debt being carried on the backs of millions of Americans. Student debt has become a rite of passage for many young Americans. In fact, many Americans establish their first credit line with student debt as they enter college. The crisis is large and has a direct connection […]
How the stock market is a sham for the working and middle class. 53 percent of Americans have no money in the stock market, including retirement accounts. 62 percent of all US wealth owned by top 5 percent.
The growing wealth divide in this country is devouring every piece of the middle class that is currently left. The stock market is largely a sham for most Americans. Why? Many hedge funds and other large Wall Street firms are in the business of making quick profits even if it means destabilizing the underlying economy. […]
Paycheck to paycheck and food stamp to food stamp: Study finds 3 out of 4 Americans are one financial emergency away from being out on the street.
The latest food stamp usage data was released with very little attention from the media. 47.7 million Americans are on food assistance spanning a record 23.1 million families. Americans on food stamps reflects deep structural issues in the way our economy employs our population. The recovery in many parts of the US is anything but. […]
Has inflation fueled the two income household trap in the US? How inflation has eroded the purchasing power of the working and middle class.
Inflation in the United States is largely seen as a built in part of our economy. People take it for granted as if this was simply the order of things. Yet our central banking system has inflated our debt based financial system and subsequently, the value of money has eroded. For example, most items that […]