The $2.3 Trillion State and Local Government Debt Monster – California Pension Systems on Unsupportable Path with $500 Billion Projected Shortfall. CalPERS, CalSTRS, and UCRS.
Much of the focus on government debt over the past few years has revolved around the federal government. No doubt, this is a stunningly large amount. Yet the government has the ability to finance this debt through the U.S. Treasury and Federal Reserve with a buffet of choices. You have direct bailouts to Wall Street, […]
Middle Class Americans Losing Financial Ground on Retirement – As Stock Market Rebounds more Middle Class Americans Have Less Money and Fewer Jobs. How is Health Care Spending Boosting GDP a Good Thing?
As more and more data is released on this Great Recession it is becoming abundantly clear that we have two tracks people are following. On one track where most travel, we have middle class Americans dealing with the highest unemployment in a generation while seeing their net worth dissolve. On the other side of the […]
Where the Jobs Are and Baby Boomers: Healthcare Growth and the Feeding of a Graying Population. Is a Post-Baby Boomer Society good for our Economic Competitiveness?
Seventy-six million American babies were born between 1946 and 1960 and we call this group the baby boomer group. Many trends can be seen coming with this group. Major toy sellers including Mattel came about this time. In fact, much of their success included this right timing since Mattel was founded in 1945, just in […]
How to Become a Millionaire! Steps in Achieving Financial Wealth.
So you want to become a millionaire? You’ve always had the desire to be financially secure but the task seems simply overwhelming. There are a few ways in becoming extremely rich. One of them includes being born into wealth and chances are, this may not be you. Plus, you don’t have much of a say […]