The Growing Wealth Inequality in America: Why the Increase in Average Net Worth is Cause for Concern
It is no secret that the average net worth of Americans has been on the rise in recent years. In fact, according to a recent study, the average net worth of Americans in 2022 has reached an all-time high. This is great news for those who have been able to accumulate wealth, but for many […]
Bread and Circuses – US Households Increase Debt in Wealth Destroying Areas: Mortgage Debt Holds Steady since 2008 while Debt in Auto Loans, Student Loans, and Credit Cards Reach Record Levels.
Americans for the most part generate their wealth via owning homes. Yet many younger Americans are having a tough time buying a home because of a crowding out effect from investors largely from Wall Street. I’ll start this post with some telling data: In 2008 US households had about $10 trillion in mortgage debt. Today […]
Oldest Millennials Near 40: 1 in 5 are single dads and more than 40 percent do not live with a family of their own.
A big portion of the baby boomer controlled media tends to talk about Millennials as if they are children or young adults. So it should be sobering to many to know that this year, the oldest Millennials are 39-years old. That is not a kid or a young adult. That is a grown person that […]
Is it possible to pay $0 in taxes on a six-figure income? Yes it is and here is how you do it.
The tax system is setup to reward those that save. But half of the country doesn’t have any money saved so that is a tiny problem. However, if you are willing to put money away you can cut your effective tax rate down to a very low level. I know this seems absurd but it […]