Sep 3 2016

Americans now spend more on drinking and eating establishments than they do at grocery stores. Over 17 million kids went to college to be waiters or flight attendants.

There are many reasons why so many people now work in the low wage sectors of America.  As it turns out, the eating habits of Americans have changed dramatically.  Only in the last couple of years have Americans spent more on eating out than they do on actual groceries.  Too bad the median annual pay […]

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 […]

Nov 5 2013

Arrested economic development: 36 percent of Millennials living at home delaying financial adulthood. Less than one-third of Millennials employed.

Young Americans are living at home in record numbers.  Millennials are living at home for much longer because of the poor economic conditions for the young.  Think about the perfect storm of financial pain for young Americans. College costs are astronomical and many are going into massive debt to pursue a college education.  If not, […]

Oct 12 2013

The US cannot avoid a soft default even if a hard default is avoided: Debt ceiling already breached and US Treasury operating in emergency mode while US is paying $415 billion in annual interest expenses.

All the talk has shifted from the government shutdown to the US actually defaulting on outstanding debts.  The markets were in deep fear but the last couple of days rumors that the debt ceiling would be raised put the rocket boosters on the stock market.  Of course, the majority of Americans have little money in […]

Oct 4 2013

The grand financial shift: Rich own assets while poor and working class deep in debt. 70 percent of wealth for the bottom 80 percent locked up in principal residence.

A core reason for the financial crisis was because too much debt was given to those with very little ability to pay it back.  From the wealthiest banks to those scrimping by on minimum wage.  The irony of this is that many for-profit colleges for example use government aid to finance the education of those […]

Sep 25 2013

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 […]

Sep 22 2013

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.  […]

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