Category: Business & Economy

The Fed’s quantitative easing (QE), also known as large-scale asset purchases, inflated asset prices and bailed out baby boomers at the political cost of pricing out millennials from many asset markets, including homes and the stock market. That has since driven wealth inequality across the country to levels never seen before. When expansionary monetary policy drives asset prices higher than wage growth, the average person, or the entire bottom 90% of Americans, fall behind the curve.

The continued increase in borrowings saw total credit storm above $4 trillion, and hitting a new all time high of $4.034 trillion on the back of a America’s ongoing love affair with auto and student loans, and of course credit cards.

The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in circulation. Generally, economists believe the surge is related to people around the world wanting to hoard cash but, multiple factors could explain the increase in C-notes.

When government-guaranteed checks keep rolling in, there’s no incentive for colleges and universities to lower their prices. In fact, they do the opposite.

Debt held by Americans aged 19 to 29-years-old exceeded $1 trillion at the end of last year, according to Bloomberg, citing the New York Federal Reserve Consumer Credit Panel.