I am Inflation, Destroyer of Worlds: Poor and Middle Class Get Smashed by Inflation.
Inflation, inflation, and inflation. People tend to think that inflation merely means higher prices. Yet the type of inflation we are dealing with is extremely problematic. Inflation is running at a multi-decade high clip at 6.2% annualized and it may be even worse since the way we measure inflation is an imperfect science. Inflation punishes […]
Living paycheck to paycheck is the way of life:Â New Harris poll finds that 78 percent of US workers live paycheck to paycheck.
For most Americans, living for payday is the way of life. And many use debt to bridge the gap between money hitting their bank account and the bills that need to be paid. We know since many banks make billions of dollars on people over drafting accounts. A new Harris Poll found that 78 percent […]
Guns and Chipotle: Millennials are the most employed generation in two occupational areas: food services and military.
Young Americans have many financial obstacles placed in their way. Many older Americans like to chime in and blast younger Americans as being weak and complaining too much but the facts tell a different story. Millennials do have it economically tougher. Quality of life is up (for all) but the standard of living is getting […]
Everyone thinks they are middle class: The false perceptions many Americans hold.
We have a deeply held belief in America that if you work hard enough, anything is achievable. This is something built into the core of our nation. If you go back to the Great Depression, while other countries were overturning systems and shifting deeply held ideology, Americans held steady and went out and voted. The […]