How Much is a College Degree Worth? The Value of College in a Pandemic and Crisis Filled Economy.
The pandemic has created some incredible rifts in our economy and society. Those with technical degrees working for companies like Amazon, Google, Facebook, or Microsoft are thriving in this socially distant economy. However the vast majority of the country does not have a college degree, let alone a degree that is technical to work in […]
Subprime Auto Nation: American Households now Carry $1.34 Trillion in Auto Loans on an Asset that Depreciates While Covid-19 Creates Demand Destruction.
America is literally driving itself into debt. US households now carry a stunning $1.34 trillion in automotive debt. What is troubling about this is the amount of driving taking place has plunged courtesy of Covid-19 and much of our economy is built around driving. People take the morning and evening commute, and this was seen […]
Millennials are Caught in the Two Recession Trap: Millennials Continue to be Punished by the Great Recession and now the Great Pandemic.
Covid-19 continues to unleash economic havoc across the world. The financial destruction being caused by the pandemic is shattering already fragile household budgets. In the deep levels of this fog, Millennials continue to face extra layers of pressure from this crisis. This has come in the form of massive levels of student debt, a higher […]
Millennials never recovered fully since the Great Recession and now Covid-19 is bringing a painful economic reckoning. Half of US households own no stock.
While the pandemic has caused unrelenting and blistering damage in every segment of our economy, the pain is simply not distributed equally. Many of our essential workers are in the least secure jobs, with weak healthcare support, low wages, and ultimately are in jobs that keep them financially stuck while risking their health. What is […]