Is College Even Worth It? Americans Owe $1.84 Trillion in Student Debt and the Number Continues to Grow. US household income at $60,000 with some private schools charging $60,000 a year.
Is college worth it? That is a question more American families are asking as our total outstanding student debt now passes the $1.84 trillion mark and inches closer to $2 trillion. This is money that needs to be paid back and is diverted from other items like buying a home or investing for retirement. Millennials […]
Gear up For Higher Prices through Inflation: You Should Christmas Shop Early Based on Shipping Costs.
The world is flush with access to capital and it is very clear that there is massive pent-up demand from the last 1.5 years because of the pandemic. As the US and other economies started to open, people have money to spend and are going out there and putting pressure on supply chains. For all […]
Bread and Circuses – US Households Increase Debt in Wealth Destroying Areas: Mortgage Debt Holds Steady since 2008 while Debt in Auto Loans, Student Loans, and Credit Cards Reach Record Levels.
Americans for the most part generate their wealth via owning homes. Yet many younger Americans are having a tough time buying a home because of a crowding out effect from investors largely from Wall Street. I’ll start this post with some telling data: In 2008 US households had about $10 trillion in mortgage debt. Today […]
Majority of Young Adults now Live at Home: The Millennial and Gen Z Housing Crisis Highlights a Growing Wealth Divide.
As the economy starts to fully open, there are some glaring issues that are being exposed. First, there is still a deep crisis in housing on the affordability front. The Fed in partnership with big banks buying up properties, is causing major market disruptions that are pushing out regular first-time home buyers (aka younger Americans). […]