Unsocial Insecurity: Social Security Fund loses money for the first time since 1983. The new retirement model will have you working until you fall over from a heart attack.
Social Security was never designed as a long-term pension. It was implemented in 1935 during the Great Depression to assist families from falling into absolute poverty. The large work force dominated by men usually meant that many would die and leave a large family behind with no financial resources. Social Security was there to protect […]
Americans are going to have their wallets rocked in 2016: 7.5 year global business cycle trumps central bank money printing.
Americans are already in the process of having their wallets devoured by shadow inflation and a system that is gutting the middle class like a turkey being stuffed for the oven. We’ve been in recovery according to various money oracles since 2009 but all we got was a drop in the homeownership rate, stagnant incomes, […]
The neo-Gilded Age: 62 richest people in the world have the same wealth as half the world. An economy for the 1 per cent.
The Gilded Age was a period in American history where the few had so much while the majority toiled away in pauper like conditions. One of the reasons often cited for the Great Depression was massive wealth inequality. Well today wealth inequality is at levels that rival the pre-Depression era. And for those of you […]
What is a middle class income in America? A lot less than you think and Americans are getting poorer by the day.
Questions around being middle class are coming up a lot in the last few years. This inquiry is coming up because people are grasping at straws trying to maintain a quality of life that reflects a middle class lifestyle but many have incomes that simply do not support their spending. Americans are set to become […]