Millennials and Gen Z Forced Back Home: 52% of 18- to 29-year-olds live at Home with their Parents, the Highest Percentage Dating Back 120 Years.
Younger Americans face a daunting jobs market. Covid-19 has crushed the employment market especially with entry level positions and internships which are typically used as platforms into full-time career opportunities. The Class of 2020 has graduated into the worst economy in modern history. While some sectors in the economy are hiring, these jobs are a […]
The debt spending binge: Household debt has surpassed record levels reached during 2008 Great Recession.
Debt spending is once again keeping the economy afloat. People are leveraging future income on buying items today on the basis that the economy is not going to have a hiccup. On some reports you see pundits mentioning that delinquencies remain low. Well things were fine too before the Great Recession hit. Once again we […]
Baby boom or bust: Retirement withdrawals now exceed contributions. Since 2008 US public debt up by $10 trillion, nearly the same as the Russell 3000 Index.
You knew it was only a matter of time before baby boomers started taking out their money from retirement accounts in mass. If you think boomers were rebalancing every year carefully, think again. We have now crossed an interesting threshold where retirement withdrawals exceed contributions. Part of this has to do with a younger and […]
Nothing fake about the top 0.1% holding the same amount of wealth as the bottom 90%.
While people argue about what is real and fake news the widening gulf of inequality in the real world only continues to expand. This is actually happening and for the ultra wealthy that hold most of the wealth, all of this distraction is a good thing. The latest wealth report from Deutsche Bank Research shows […]