Jun 15 2014

Crony capitalism and the cult of borrowing: As the banking sector is fully bailed out, Americans push aside history and begin to leverage into debt to compensate for stagnant wages.

Banking should operate as a utility by providing businesses and consumers a source of funds for projects that will add real growth in the real economy. Unfortunately, the current banking system favors speculation and banking for the sake of banking. It also favors creating a non-working class that merely lives off of speculation and their […]

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 […]

Apr 19 2014

How many Americans live paycheck to paycheck? A nation living precariously close to the financial edge.

The fuel that drives our economy is spending. There are few nations that rival our ability to spend. We spend with the gusto of a shop-a-holic. The assumption is that we simply have the money lying around to spend at this level. That is simply not the case since most Americans are flat broke by […]

Mar 29 2014

The looming retirement train wreck: Pension issues, lack of retirement savings, and extending the date of retirement all part of the current economic future.

The concept of retirement is a fairly modern one.  In fact, we can argue that only one generation actually got to enjoy a long and relatively healthy stay in retirement over a mass population.  For most of history, life and work went hand and hand and people retired essentially when they keeled over.  The only […]

Dec 13 2013

A Gilded Age built on debt for modern day financial aristocrats: Fed reports record for household net worth only problem is that most people do not own financial assets.

The Fed recently reported that US households reached an all-time record high when it comes to their net worth.  A record $77.3 trillion net worth figure was reported with $7.65 trillion of this growth occurring over the last 12 months.  The only issue here is that most Americans do not own any financial assets.  The […]

Aug 20 2013

The epic crisis in retirement savings: Vast majority of Americans unprepared for retirement. Median retirement savings for those 25 to 34? Zero dollars.

If actions are a method of gauging interests Americans have little desire or ability to prepare for retirement.  In fact, the amount of money saved for retirement is absolutely shocking on the low side.  When you mention that the American per capita wage is $26,000 people seem shocked.  This figure doesn’t coincide with the spend […]

Jun 23 2013

The banking system’s methodical way of punishing savers: How punishing savers is encouraging a low savings rate and high levels of debt.

Would you be motivated to save money if your rate of return was 0 percent?  That is the situation facing many Americans looking to put their hard earned dollars into the current banking system.  Underlying the zero percent stated rate however is the reality that the real rate is closer to negative three percent given […]

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