Let us count the ways of inflation: While the CPI understates inflation Americans are living out the days of a contracting standard of living.
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 because it uses derivative measures to reflect the price of things we can readily get. The most obvious example is the measure used to […]
The scam of unpaid internships: How companies exploit free labor from students under the guise of unpaid internships.
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 education was more affordable. Today some companies have used interns as a source of free labor without adding any benefits […]
Suppressing wages and increasing corporate profits: The tough math behind the current economic recovery.
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. If that is the case, the record breaking highs in the stock market should reflect a very happy […]
The accelerating race to a student debt implosion: Federal student loans rose by $266 billion since 2011. 85 percent of consumer debt growth since 2011 because of student debt.
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 coming from the student debt portion. The student debt problems are starting to become dramatic given rising default rates combined with sub-par […]