Feb 7 2016

Low wage recovery highlighted by 7 out of 10 jobs added in January coming from minimum wage waiters and temporary retail workers.

The unemployment rate fell below the 5 percent mark for the first time since the Great Recession wrecked havoc on the economy.  This is good news right?  Well the stock market didn’t think so for a couple of reasons.  First, this adds more fuel to pushing interest rates higher (a big expense on the $19 […]

Jan 15 2016

What is a middle class income in America? A lot less than you think and Americans are getting poorer by the day.

Questions around being middle class are coming up a lot in the last few years.  This inquiry is coming up because people are grasping at straws trying to maintain a quality of life that reflects a middle class lifestyle but many have incomes that simply do not support their spending.  Americans are set to become […]

Jan 7 2016

Americans are about to get poorer in 2016 as the wealth effect reverses: 63 percent of Americans have no emergency savings.

The year is off to a tumultuous start.  Markets around the globe are quickly realizing that hot money is going to hit a wall at some point.  Many Americans are coming to the stark realization that the recession that ended in 2009 never really ended for the middle class.  In fact, it might have been […]

Jan 2 2016

New Year begins with record number of men not in the labor force: Those not in the labor force increased by 1.9 million last year while the labor force increased by only 1.1 million.

The New Year begins with a record number of men not in the labor force.  Those “not in the labor force” remains at a record level and this cannot be explained away simply by shifting demographics.  Demographics alone is a convenient explanation for this large number but unfortunately only explains part of the large number […]

Dec 11 2015

The Middle Class in America has just become a minority: For the first time in over 50 years low-income and high-income Americans outnumber the middle class.

It was only a matter of time but we can now officially say that the middle class in America has reached minority status designation.  Recent figures show that there are more low-income and high-income Americans versus those in the middle class.  Most of the growth has been fueled by the trend in adding low wage […]

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