How much do Americans earn in 2015? A comprehensive look at household income and individual earnings. GDP disconnects from household income.
How much do Americans earn? This is an important question to ask given our consumption based economy. Each household has a propensity to spend and the ability to consume is largely derived by income. Debt has made it easier for households to spend future wages but we need to find out two important reference points […]
The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States.
The employment report continues to provide deceptive bread and circus fodder for the mainstream press. Never is any thorough analysis given to the 93+ million Americans that are now part of the “not in the labor force†category. In large part, we have a low unemployment rate because this massive army of Americans is simply […]
What are the top 10 financial worries of Americans? Two of the most common themes include paying for children’s college and saving enough for retirement.
Financial worries are a big concern for many American families. In spite of a booming stock market and a resurgent real estate market, most Americans don’t seem to be feeling financially better. A large reason is that many Americans did not partake in the rise in the investor driven real estate boom and also, many […]
Fed doublespeak and the dismantling of the middle class: Fed states dropping “patient†word doesn’t mean it is impatient on rates. In 1970 roughly 7 percent of all income was earned by the top 1 percent. Today it is closer to 20 percent.
The Fed has taken a page out of George Orwell’s 1984. Doublespeak is all the rage and the Fed’s statements are analyzed as if sifting for gold. Even when they don’t do anything markets jump. The Fed sets the tone on our debt addiction. The Fed dropped the word “patient†in terms of increasing interest […]