New Retirement Model of Working into Old Age – Baby Boomers hitting retirement age with little to no savings.
The fiscal issues facing the country are troubling for a variety of reasons but one big reason is the reality that many older Americans simply do not have enough money to retire. The idea of entering your golden years without the need of working is a relatively modern one. In fact, it was the generation […]
The food stamp economic recovery – Food stamps increase by over 600,000 in last month of data. GDP at record levels yet US employment is 4 million below start of recession.
There was a startling figure that came across my desk from the United States Department of Agriculture regarding food stamp usage in the SNAP program. Food stamp usage has grown dramatically in the last decade even during the debt inspired boom times. Yet the devil is always in the details as we reported with the […]
Disappearing US labor force and goodbye to retirement – Adding 146,000 jobs while 542,000 drop out of the labor force. Understanding the changes in the unemployment rate.
The recent drop in the unemployment rate was largely due to the number of people dropping out of the labor force. I’ve noticed that more people in the press are picking up on the important nuances when it comes to the employment figures. For example, in the last month those “not in the labor force†[…]
US households already went off their fiscal cliff and breached their debt ceiling – US quickly approaching another debt ceiling limit aligning with the fiscal cliff.
Few people realize that the debt ceiling is aligning right on track with the fiscal cliff. Total public outstanding debt is now at $16.369 trillion and is only $63 billion away from breaching the limit. Not a coincidence that the fiscal cliff is also on the horizon. In essence, we are addicted to debt. However […]