Low wage America and the working poor – US has one of the highest number of employees working in low wage jobs of high paying industrialized nations. 1 out of 4 Americans employed work in jobs that pay less than $10 per hour.
Low wage jobs have been a big part of the so-called recovery. What they also signify is a more troublesome trend that continues to eat away at the middle class in this country. I’ve noted that the per capita average income for Americans is $25,000 and many seem to be shocked when they hear how […]
Educating students to debt – Student loan debt now second largest sector of household debt approaching $1 trillion. 14 percent of consumers have one account in collections.
College debt is fueling the out of control higher education bubble. The Federal Reserve tracks most household debt sectors very carefully including mortgage debt, auto debt, and credit card debt. You would think that they would follow student loan debt carefully. That was not the case until recently. More disturbing however is that student debt […]
The suffocation of unsustainable global debt – Total global debt is now over $190 trillion and more than three times global GDP. Contagion with European Union.
The biggest market in the world is the European Union and debt problems are still rippling through the global markets. It is apparent with the financial crisis that the global markets are tied together by large banks and interconnected trade. A problem in the largest market should be unsettling and the unemployment rate in the […]
The phony economic deception machine – JP Morgan Chase CEO earns $23 million in 2011 while 2.7 million foreclosures are filed in the US. GDP at record levels but employment figures down by 5.3 million from their peak.
The US economic and political system is doing an excellent job sealing off opportunities for millions that aspire to be part of the middle class. Many are starting to realize that the system is rigged in favor of large financial institutions and those with political connections. The idea of raw success based on talent can […]