Dollar stores in million dollar neighborhoods. 99 Cents Store looking at Beverly Hills location in rise of the low-wage and high-wage economy. 1 out of 4 working Americans in low-wage work.
Whenever a jobs report comes out I always ask what kind of jobs are being added. There is a wide gap between skilled and unskilled labor building in this economy. Those without the skills for select fields are being left behind to pickup jobs in the growing low-wage service sector. It used to be the […]
Young, educated, and deep in debt – College debt over 18 percent of all consumer debt. Half of college graduates under 25 are unemployed or working in a field where no degree is required.
I doubt anyone is opposed to education or advancing your knowledge in life. Who can oppose something so valuable? Now this lofty aspiration is great but becomes problematic especially when the cost of higher education has gotten so expensive. How expensive you ask? The fact that we have over $1 trillion in student loans outstanding […]
Standard of living, meet falling US dollar – how a falling US dollar benefits banks at the expense of working Americans.
There is certainly a cost to a falling US dollar. Many Americans are living the consequences of this multi-decade long trend. The Federal Reserve has only added fuel to this trend but many families are now realizing that there does come a cost to unrelenting debt based solutions to fiscal problems. Shopping at the local […]
Who controls the wealth in the US? Western countries expand balance sheets at the expense of their younger population.
If the debates reflected the true interest of what Americans have on their mind the entire debate would revolve around the slow erosion of the US middle class. Yet this is something that will only be a footnote and for any discussions that do come up the specifics will be lacking. The reality is we […]