Bifurcated American Economy
The good news: if you’re in the American upper class, things are getting better. Some reports even suggest more people Continue reading
The good news: if you’re in the American upper class, things are getting better. Some reports even suggest more people Continue reading
The US economy continues to recover from the Great Recession. The recovery, though, reflects the inequality in wealth. All wealth Continue reading
As recently as 1971, the US middle class was a majority of the population: 61%. It now just hit 50% Continue reading
The good news: the US economy added about 211,000 jobs in November, better than expected. The somewhat good news: wage Continue reading
US wealth inequality continues and has reached the level where 20 Americans are now worth as much as half the Continue reading
It is no surprise to learn that the poor face greater stresses than the rich. The insight from this new Continue reading
The median American has less than one year’s income in savings, including retirement accounts. That sounds like just another data Continue reading
US GDP was down from 1Q15 at 3.9% to 1.5% in 2Q15. The average American worker is paid 1/354th their Continue reading