Category Archives: Business & Economy

Middle Class Destruction: Suicide Rates Soar Among American Workers

Middle Class Destruction: Suicide Rates Soar Among American Workers

Suicide rates are rapidly expanding in almost every state, as it now becomes the 10th leading cause of death in the US and is one of three leading reasons that are on the rise. The CDC discovered that in recent years suicide rates were the highest among males in construction jobs and the highest for females working in arts, design, entertainment, sports, and media.  Is the evisceration of the middle class over the last thirty years finally taking its toll?

Read more

Average New Car Payment Hits Record High $525 Per Month

Average New Car Payment Hits Record High $525 Per Month

Automotive loan amounts and monthly payments continue to reach record highs, but US consumers seem unfazed. According to Experian’s latest State of the Automotive Finance Market report, Americans are paying an all time high monthly payment for both a new and a used car and assuming a larger amount of debt to make it happen as affordability continues to decline.

Read more

Bankrupt America: A Fragile Nation Grappling With Unprecedented Debt Problems

Consumer bankruptcies are surging, corporate debt has doubled since the last financial crisis, state and local government debt loads have never been higher, and the federal government has been adding more than a trillion dollars a year to the federal debt ever since Barack Obama entered the White House. On top of everything else, everyone else around the world has been on a massive debt binge as well. Unfortunately, all debt bubbles must burst eventually, and the one that we are in right now is definitely on borrowed time.

Read more

“A Stealth Mortgage On Your House” – The Reality Of The Looming Pension Crisis

State taxes are collected on four economic activities: consumption (sales tax), labor and investment (income tax) and real-estate ownership (property tax). The affluent can escape sales and income taxes by moving to a new state—but real estate stays behind. Property values must ultimately support the obligations that politicians have promised, even if those obligations aren’t properly funded, because real estate is the only source of state and local revenue that can’t pick up and move elsewhere. Whether or not unfunded obligations are paid with property taxes, it’s the property that backs the obligations in the end.

Read more

“Their Wealth Has Vanished”: Baby Boomers File For Bankruptcy In Droves

An alarming number of older Americans are being forced into bankruptcy, as the rate of people 65 and older who have filed has never been higher – at three times what it was in 1991, while the rate of bankruptcies among Americans age 65 and older has more than doubled, according to a new study by the The Bankruptcy Project.

Read more
1 2 3 15