Comparing the cost of living from 2000 to 2020: Inflation is a lot higher than you think and your purchasing power is declining.
The cost of living in the US is getting more expensive and the way our banking system is setup, we are primed for continued inflation. Our major purchases are financed with debt and low interest rates so the true cost of many things in our lives are understated by the “monthly payment†mentality that many […]
One third of 18-34 year olds living at home with parents and student debt rages out of control to $1.6 trillion. Total US credit market debt at $74.5 trillion.
Young Americans are having a tough time in this economy when it comes to pursuing their own version of the American Dream. New data highlights that many young adults are still living with their parents deep into adulthood and this is largely being driven by economic reasons. This is all happening during a time when […]
The growing gap in retirement savings: Half of American families have zero in retirement savings and most are worse off than they were in 2007.
While we have been on a strong bull market run since 2009, half of American families have nothing financially to show for it. The gap between the retirement ‘haves’ and ‘have-nots’ has grown since the recession ended. It is telling that half of American families have no retirement savings and many are going to rely […]
Student debt hit a depressing amount now hovering at $1.5 trillion. Where do we go from here?
How much is a college education worth? This question seems to be growing in importance over the last decade as the cost of attending a university is getting out of reach for many. Going to college and getting an education seems to be part of the package deal when we think of the American Dream. […]