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Wealth distribution in US rivals a modern day Gilded Age: In 2013 wealth inequality at record levels. 72 percent of wealth in US held by 5 percent of ... 24 Aug 2013 | 10:45 pm
Americans continue to live through a modern day Gilded Age. Wealth inequality is at its highest levels since the Great Depression, when names like Mellon and Morgan plastered the headlines. Yet this...
The epic crisis in retirement savings: Vast majority of Americans unprepared for retirement. Median retirement savings for those 25 to 34? Zero dollar... 20 Aug 2013 | 09:06 pm
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 sid...
Let us count the ways of inflation: While the CPI understates inflation Americans are living out the days of a contracting standard of living. 18 Aug 2013 | 12:29 am
Americans are experiencing the impacts of inflationary pressures on their pocketbooks. The Consumer Price Index (CPI) used by the Bureau of Labor and Statistics does a poor job of measuring inflation...
The scam of unpaid internships: How companies exploit free labor from students under the guise of unpaid internships. 15 Aug 2013 | 12:17 pm
Many people have taken on internships that were unpaid merely to learn some transferable skill or to build a solid network. This was okay in a time when graduating students had little debt and higher...
Suppressing wages and increasing corporate profits: The tough math behind the current economic recovery. 12 Aug 2013 | 09:55 pm
It should come as no surprise that the stock market is a very poor barometer on the financial health of Americans. We think of the stock market as a temperature gauge on how well Americans are doing....
The accelerating race to a student debt implosion: Federal student loans rose by $266 billion since 2011. 85 percent of consumer debt growth since 201... 8 Aug 2013 | 09:12 pm
The Federal Reserve released an interesting report on consumer credit this week. While the mainstream spin is that it is good that consumer loans are growing, the vast majority of the growth is comin...
Failure to launch into household formation: Record 36 percent of young Americans (18 to 31) living at home with parents. Where is household formation ... 5 Aug 2013 | 12:35 pm
The notion that the housing market is surging because of young Americans buying up homes to form households is simply incorrect. The housing market is rising like an artificial phoenix built on Wall ...
Line up and prepare for the next bailout in student debt: Student loan debt crosses the $1.2 trillion mark. $248,000 for an undergraduate degree? 2 Aug 2013 | 05:35 am
The nation is fully engulfed in a student debt bubble. The problems with student debt are numerous yet this unrelenting bubble is allowed to grow like weeds in a garden. Going back to 2000 total stu...
The American dream myth: Income mobility; 4 out of 5 Americans struggle with poverty, joblessness, or go on welfare at some point during their lives; ... 30 Jul 2013 | 09:22 pm
There is an odd sort of Greek-like mythology that the American dream is only getting stronger when various pieces of economic data clearly show that this is not the case. The middle class has noticea...
The financial feeding of the massively indebted American: Consumer credit owed hits record, permanently high gas prices, and feeding empty promises wi... 27 Jul 2013 | 12:18 am
Americans are now fully engaged, once again, in their consumption ways financed by debt. To continue pretending that the middle class is not shrinking, massive amounts of debt are being pumped into t...
