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The Wisdom of the Masses
The current gatherings of anti-Wall Street protestors seem like amorphous groups, but the protests center around a variety of issues related to financial insecurity. According to the protestors, every...
View ArticleIncome Inequality Has A Definite Cost
Wage-based incomes continue to decline, according to the U.S. Commerce Department’s April 2011 report. Using data from February 2011, the report found that wages, benefits and salaries accounted for...
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Economic Slowdown Affecting American Spending Habits
The current long recession is changing American spending behavior. Based on Bureau of Labor Statistics data from 2007 and 2010, Americans have reduced expenditures on luxury items (restaurants and...
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Retirees Continue to Rely on Social Security for Majority of Their Incomes
Not a key to prosperity A new study examining the income sources for Americans over age 65 shows more people are relying on Social Security for their retirement income, while income from jobs has...
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“Margin Call” and the Unreality of Wall Street
The 2008 financial crisis has assumed its role in economic and social history, and continues to get ongoing momentum from the severe recession it created, as well as the ongoing social protests. Yet...
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Should Fund Companies Take a Public Position on Correcting Income Inequality?
When it comes to taking sides publicly on major social issues, corporations have not led the way. Stating a position is not what corporations do. Getting the needed corporate consensus is...
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Expect Less in 2011–Is America’s Standard of Living Declining?
One of the darker themes of the current recession and its erratic, mismanaged recovery, is that the U.S. is headed for a lower standard of living. That is not officially articulated, of course, but...
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41% say American Dream is Lost: Survey
A new survey shows Americans are pessimistic and have very poor retirement plans and financial assets. Buy a Used Honda Instead Among the highlights of the Yahoo Finance poll are: – 41% of Americans...
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MF Global: Another Blow to Investor Confidence
CFTC: No evil here Investment pundits have identified at least 15 distinct types of investment risks. Now, we can add another: broker risk. After the Bernie Madoff scandal, investors again saw that...
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Re-Building Per Capita Incomes Could Take Decades
Not the Good Old Days Anymore Today’s news that U.S. economic growth may not exceed 2% this year had an immediate effect on the stock market. But how long does it take a nation to recover its GDP in a...
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The Retirement Crisis Is Now Permanent: What It Means For Financial Planning
Support Progressive Journalism A new report from the Organisation for Economic Co-operation and Development (OECD) finds there is now “unprecedented wage stagnation” and despite a stronger...
View ArticleMore Americans Facing An Uncertain Financial Future
Despite a rising stock market, most people are still facing an uncertain retirement future. Every day, an estimated 10,000 Baby Boomers (those born between 1946 and 1964) enter retirement at age 65,...
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