As the debt bubble grows:Â US Gross National Debt to Spike by 800 Billion Dollars in October.
It is rather clear that we are spending beyond our means like a young college graduate with their first paycheck. Consumer debt continues to spin wildly out of control and the government continues to spend money that it does not have. This works until it doesn’t. Of course the usual debt ceiling slash political charade […]
Living paycheck to paycheck is the way of life:Â New Harris poll finds that 78 percent of US workers live paycheck to paycheck.
For most Americans, living for payday is the way of life. And many use debt to bridge the gap between money hitting their bank account and the bills that need to be paid. We know since many banks make billions of dollars on people over drafting accounts. A new Harris Poll found that 78 percent […]
Where in the world do Americans spend their money? Taking a look at where incomes go each month.
I remember the first budget I put together. It left me feeling depressed and feeling as if I had been punched in the gut. The practice was done largely out of necessity but there was something that jumped out at me. Housing consumes a good portion of net income. For most Americans this is the […]
Taking a look at the 95 million Americans not in the labor force:Â 1 private sector worker is supporting every 2 Americans.
There continues to be an inordinately large number of Americans that are not in the labor force. There are a variety of reasons as to why these Americans are not working. Some are retired and some are disabled. But the reality is we have a massive number of people that need to be supported either […]