A new record yet again: 95,385,000 Americans not in labor force. The army of non-working Americans continues to grow.
We continue to live in a country with two very different stories to tell. In one of the stories, we have a country with a very low unemployment rate and a record in the stock market. In the other story we live in a place where 95,385,000 Americans are not in the labor force. This […]
The secret to the current recovery is that American households are up to their eyeballs in debt once again! Consumer credit hits a record $3.7 trillion.
Do you notice more credit card offers hitting your mailbox? Are you noticing more “easy financing†for purchasing a new car? Welcome to the new recovery where spending is being fueled by consumer credit.  Once again people are spending beyond their means. In an economy driven by consumption you need to keep people spending and […]
5 charts highlighting the epic housing crisis for Millennials – one third of young adults living at home with parents.
Millennials are starting to realize that living at home may be a longer-term proposition. Moving back home is being motivated by heavy levels of student debt and jobs that simply pay a lower wage. These trends run directly into the current reality that rental prices are soaring and home values are once again near peak […]
Comparing the cost of living between 1975 and 2017:Â Inflation continues to eat away at purchasing power in housing and other big ticket items.
For the most part people widely misunderstand inflation. It is a complicated topic. If you ask the man and woman on the street they would respond that inflation is the price of goods going up. This is true in some respect but what people see is merely the outcome of larger forces at work like […]