May 19, 2024

Household Net Worth Hits All Time High Yet 59% of Seniors Have Zero Retirement Assets

According to the latest data from the Federal Reserve, most Americans should be feeling wealthier as household net worth soared to an all time high of $74.82 trillion.   This is a huge improvement from levels reached during the height of the financial crisis when household net worth plunged by almost 20% or $12 billion as […]

Does Living At Home At Age 25 Make Me A Loser?

The economic collapse of 2008 that put the world financial system on the precipice of collapse has produced fundamental changes in people’s attitudes, financial habits and living style.  One trend that existed even before the financial crisis and then accelerated since 2008 is the number of young adults living with their parents. The tradition of […]

If You’re Feeling Poorer That’s Because You Are – Net Worth Plunges For Average American

In April the Federal Reserve Bank of San Francisco released a report showing that the overall net worth and value of financial assets had completely recovered from the financial collapse of 2008-2009.    Since the low point of the recession in early 2009 the net worth of Americans has increased by a massive $14.7 trillion and […]

Out of Work For Over Six Months? Consider Yourself Permanently Unemployable

Been laid off for over six months?  If so, then you know for a fact that trying to find a job when you don’t have one is nearly impossible. People who have been out of work for over six months are permanently damaged goods in the eyes of most employers.  If no one else has […]

Economic Enigma – High Unemployment, Low Incomes and Record Stock Prices

The stock market has been in recovery mode since early 2009 with stock prices more than doubling as the Dow Jones surges past 14,000. Americans have regained a substantial portion of the wealth that vanished during the initial years of the financial crisis.  A good portion of the increase of household net worth was based […]

Housing Prices – A Dead Decade For Price Appreciation

During the epic housing bubble,  people took if for granted that housing prices would continue to rise indefinitely.  By the time housing values peaked in 2006, prices had been in an almost vertical rise since 1998 and it was widely believed that you “can never go wrong buying a house.”  Home buyers’ perception of future […]

Number of Millionaires In U.S. Approaches 10 Million

The financial meltdown of 2008 and a weak economy has slowed the historic growth rate of millionaires.  Nonetheless, the total number of households in the U.S. with a net worth, excluding the value of a principal residence, is fast approaching 10 million. According to the latest number from Spectrem Group, the number of millionaires has […]

The Real Unemployment Rate Is At Depression Levels

Anyone who delves into the details of the monthly unemployment rate issued by the Bureau of Labor Statistics knows the truth about the real level of unemployment in the U.S.  The government numbers on unemployment are grossly distorted since they do not include millions of long-term discouraged workers, the under-employed and anyone who has not […]