Jun 14 2013

The financially forgotten generation: Economically raising the Millennials in a debt strapped financial world. Over half of Millennials have no savings.

Millennials, those roughly 18 to 34 years of age are growing up in the financial shadow of their baby boomer parents.  This group of Americans is more diverse in what they perceive to be a good quality life.  They prefer to live close to work and shopping, they are not big on suburbs, and many […]

Jun 11 2013

A wing and a prayer retirement plan: Two-thirds of Americans are not saving enough for retirement. Income inequality at record levels in the US.

It is interesting to see what passes for financial journalism in the press.  This morning a guest was on one of the major news stations and she was mentioning that Americans need to save $1 million or more to retire comfortably.  In the next sentence, she mentioned that two-thirds of Americans don’t even save enough […]

May 26 2013

Americans are slowly creeping back to their non-saving and debt based spending ways: Drop in the savings rate and shift in type of debts being taken.

The personal saving rate in the United States is on a multi-decade decline.  Part of this has to do with Americans putting their money into alternative savings vehicles like 401ks and IRAs but a large part of this has to do with Americans simply not saving.  Roughly one-third of US households have no savings to […]

Apr 4 2013

The un-American savings rate: Americans savings rate heads to a record low. Americans saving about 2 percent per year and the near extinct pension.

For a brief period during the height of the recession, Americans resorted to saving more money as credit markets around the world tightened up.  As data is now showing, this turned out to be a very brief anomaly in the market.  Americans are back to not saving money.  The debt markets are creeping back in […]

Feb 8 2013

The relentless punishment of the American saver. Fed policy has encouraged spendthrift attitude and yield seeking behavior from Americans.

The Federal Reserve has actively pursued a policy that punishes American savers.  The drive to push interest rates lower has inflated both the stock market and housing market once again.  Yet little of this gain has trickled down into household income for Americans.  The primary reason for this is that most Americans do not derive […]

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