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 →

Venezuela Bond Default

It finally happened. Venezuela defaulted on its bonds. Bonds are considered one of the safest investments, but no investment is Continue reading →

US State Of Inequality

Inequality remains incredibly high in the US. That’s using the definition of the roots of the word “incredibly” as in Continue reading →

Rich Recover From Recession

The Great Recession is over – for the wealthy in the US. The median net worth of upper income households Continue reading →

Eradicating Poverty Affordably

Conventional wisdom has long been that the poor will always be with us. Based on simple statistics, there will always Continue reading →

US Poverty Returns To Normal

In 2016, US poverty rates finally returned to “normal”, about 12.7%, which was the rate prior to the Great Recession. Continue reading →

US Debt Exceeds GDP

It has been true for a few years now, but the US debt ($19.8T) now exceeds US GDP ($19.2T). The Continue reading →

Flat US Home Ownership

Good news, the US is recovering from the housing crisis. Not so good news, the number of people owning houses Continue reading →