A costly lesson in student debt for young Americans – 34 percent of all student debt saddled to those under the age of 30. 47 percent of student loan borrowers appear to be in deferral or forbearance.
The student loan market has expanded like a financial virus in the last decade. Even during the financial meltdown where credit was being restricted across all sectors of the economy, student debt kept on growing at a feverish pitch. It would be one thing if the quality of education had increased or wages were going […]
The old get wealthier and the young get poorer.
This recession has been unmercifully brutal on younger Americans. Many are entering the most difficult employment market in generations with a flood of low wage jobs saddled with record levels of student debt. Many have never even witnessed how it is to live in a bull stock market.   Of course this is assuming they had […]
How does an America with no middle class look like? Bureau of Labor and Statistics projects top two jobs for the next decade will pay roughly $20,000 a year. Approval rating of Congress at 10 percent. In comparison, Americans approved of BP’s handling of the Gulf oil crisis at a 16 percent rate.
A strong middle class has been at the core of what has been promoted as the American Dream. How would America look like if the middle class simply vanished? We may not need to wait too long at the current rate since we are quickly siphoning people off the middle class and throwing them into […]
The crisis of solvency – peak debt, peak food stamp usage, and massive financial deception by media. The faux economy of solving a solvency issue with more debt. Job postings up but hiring flat.
The economy is largely running on a solid amount of debt, Orwellian news, and selective perception. Take for example the absolute lack of coverage on our peak debt situation. The media simply assumes that going over the $15 trillion mark on national debt was somehow a story not worth reporting. The total amount we have […]