Get used to an America where owning a home is not part of the dream: You cannot afford a home on that income!
Well congratulations America. Signs of another housing bubble are as clear as day. Loans with nothing down are back in the market. Incomes are stagnant so creative financing is necessary to buy more expensive homes. And homes are more expensive. The current home price data shows that across the country we have now surpassed the […]
Student debt apocalypse: Median wages up 1.6% over last 25 years while median student debt is up 163.8%.
Student debt is out of control. Over $1.3 trillion in student debt is floating out in the current economic system. Most of this debt is saddled firmly on the backs of younger Americans who coincidentally are also entering into a job market with incredibly low wages. This idea of high tuition with low wages isn’t […]
Percent of Total Wealth Owned in the United States: Bottom 40% control -0.9% Meaning Close to Half the Country has a Negative Net Worth.
Wealth is an important measure of financial stability and success. Being able to have enough set aside for a rainy day can make the difference between weathering a minor storm to being in full upheaval because of an unexpected expense. Most Americans however live paycheck to paycheck. There is no emergency fund. It is troubling […]
Importing lower wages as 75% of Silicon Valley’s tech workers are foreign-born: How tech manipulates the H-1B visa program for cheap labor.
We tend to believe that the tech industry operates in a very progressive atmosphere as far as how they vote. This might be the case for workers but for owners, they are ultra-bottom line and this is seen in the way they hire lower wage workers. We tend to get things mixed up in regards […]