Total U.S. debt breaks $19 trillion mark: Total debt rises by $8.4 trillion in last 8 years and is on pace to hit $22 trillion by 2020.
When the party is getting ready to end, you might as well ramp up the spending and put it on the nationwide credit card. Total U.S. debt blew right through the $19 trillion mark and has expanded by $8.4 trillion only in the last 8 years. There are countless obligations in the form of Social […]
The rise of the part-time and disposable employment army: Record number of people now employed in transient labor positions while good paying jobs remain stuck in the mud.
The headline employment numbers present a glamorous picture of the economy but one that is not based on reality. After all, you have over 94 million Americans not in the labor force and this growing army of people is helping to keep the unemployment rate low. And for a growing number of Americans those in […]
Americans are about to get poorer in 2016 as the wealth effect reverses: 63 percent of Americans have no emergency savings.
The year is off to a tumultuous start. Markets around the globe are quickly realizing that hot money is going to hit a wall at some point. Many Americans are coming to the stark realization that the recession that ended in 2009 never really ended for the middle class. In fact, it might have been […]
A recession is imminent: 5 charts signaling an oncoming recession. The market is overheated with debt and the public is anxious about the economy.
A recession is imminent and millions of Americans already live in an economy that feels like it never left the Great Recession. Low paying jobs seem to dominate this weak recovery. Younger Americans are realizing that they may not have it as good as the baby boomer generation where good paying jobs were plentiful and […]