European Union reaches highest unemployment rate since crisis started – Spain hits 25 percent unemployment rate for first time. The missing EU crisis headlines.
During the height of the US Great Depression, the unemployment rate stood at 25 percent. This was a devastating experience for our economy and shifted policies and geopolitics for decades to come. So when you have the European Union, the world’s largest trading bloc with two countries experiencing unemployment rates of 25 percent people should […]
A debt inspired milestone – US Public Debt to GDP ratio over 102 percent. In the early 1980s public debt grew at one point by 20 percent. We hit that point in the 2000s yet GDP did not come along.
What is the significance of having too much debt? Does it even matter? It seems that politicians understand something must be done but while the bickering occurs, the status quo remains. We recently surpassed a milestone when it comes to our debt. Total US Public Debt to GDP now stands at over 100 percent. That […]
Young, educated, and deep in debt – College debt over 18 percent of all consumer debt. Half of college graduates under 25 are unemployed or working in a field where no degree is required.
I doubt anyone is opposed to education or advancing your knowledge in life. Who can oppose something so valuable? Now this lofty aspiration is great but becomes problematic especially when the cost of higher education has gotten so expensive. How expensive you ask? The fact that we have over $1 trillion in student loans outstanding […]
False prosperity through debt – 4 out of 10 Americans have less than $500. The dangers of building a consumption based nation.
If most Americans had to choose between saving and spending, they would decide to join the spending team. Americans are so drawn to spending that they will even purchase items they cannot afford. Another recent survey found that 40 percent of Americans have less than $500 saved. This aligns with a survey we found last […]