American Savings Sink

“In December, the personal savings rate dropped to 2.4 percent, its lowest level since 2005.” – Slate Americans don’t save, Continue reading →

Wealth Inequality Versus Poverty

Oxfam released its new report (pdf) on wealth and poverty. Their report is extensive, but here’s a synopsis of their Continue reading →

Popular Posts 2017

Artificial intelligence programs have developed their own language for talking with each other. “SOCIETY could collapse at some point in Continue reading →

Data That Matters December 2017

The fraction of American children who eventually earn more than their parents fell from 90% after World War II to Continue reading →

Global Inequality Increases

The trend continues. 27% of the wealth growth from 1980 has gone to the top 1%. Even within that group, Continue reading →

November 2017 US Jobs Report

The good news: Jobs are up 228,000, which beat expectations of 195,000. Unemployment remains low, at 4.1%. The not so Continue reading →

Improved Climate Change Projections

The good news is that the various models for predicting climate change are improving. Increased observations, improved algorithms, and more Continue reading →

Fewer Children Surpassing Parents

A standard belief is that each generation will do better than the previous, that kids will have better financial lives Continue reading →