- Bread and Circuses – US Households Increase Debt in Wealth Destroying Areas: Mortgage Debt Holds Steady since 2008 while Debt in Auto Loans, Student Loans, and Credit Cards Reach Record Levels. http://www.mybudget360.com/bread-and-circuses-us-households-increase-debt-in-wealth-destroying-areas-mortgage-debt-holds-steady-since-2008-while-debt-in-auto-loans-student-loans-and-credit-cards-reach-record-levels/ 6 comments economy
- The COVID19 Depression: 22 million file for unemployment insurance as unemployment rate is now fully in double-digits. http://www.mybudget360.com/the-covid19-depression-22-million-file-for-unemployment-insurance-as-unemployment-rate-is-now-fully-in-double-digits/ 31 comments economy
- Millennials will be crushed under debt: Non-housing debt now reaches $4+ trillion in the United States. http://www.mybudget360.com/millennials-will-be-crushed-under-debt-non-housing-debt-now-reaches-4-trillion-in-the-united-states/ 3 comments economy
- Record Shattering 94.7 Million Americans Not in the Labor Force. Up by 664,000 in One Month. http://www.mybudget360.com/not-in-labor-force-record-94-7-million-not-working/ 115 comments economy
- 34% of all Americans financially support the rest of the country http://www.mybudget360.com/1-out-of-3-americans-in-private-employment-sector-support-the-rest-of-country-financially/ 100 comments economy
- Percent of Total Wealth Owned in the United States: Bottom 40% control -0.9% Meaning Close to Half the Country has a Negative Net Worth. http://www.mybudget360.com/percent-of-total-wealth-owned-in-the-united-states-bottom-40-control-0-9-meaning-close-to-half-the-united-states/ 12 comments economy
- The Middle Class in America has just become a minority: For the first time in over 50 years low-income and high-income Americans outnumber the middle class. http://www.mybudget360.com/middle-class-minority-income-earned-income-upper-income-low-income/ 19 comments economy
- The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States. http://www.mybudget360.com/low-wage-tsunami-percent-low-wage-labor-us-economy-income/ 7 comments economy
- Two-thirds of Americans don’t understand how credit cards work: The debt addiction in your pocket. http://www.mybudget360.com/two-thirds-of-americans-dont-understand-how-credit-cards-work/ 5 comments economy
- Record 93.2 million Americans now not in the labor force: The not in the labor force rebound added 277,000 Americans in March alone. http://www.mybudget360.com/not-in-labor-force-record-93-million-march-growth/ 7 comments economy
- The evolution of low wage America: The most common jobs by state in 1978 to 2014. The destruction of the manufacturing industry. http://www.mybudget360.com/most-common-job-america-united-states-job-data-by-state/ 46 comments economy
- The largest bracket of tax payers in the United States is made up by those making $15,000 a year or less: Half of all federal taxes paid by those making $250,000 or more. Sample $50,000 budget. http://www.mybudget360.com/irs-tax-brackets-income-americans-average-tax-federal-income-tax/ 19 comments economy
- Which state has half of its eligible adults not working? The dismal employment participation rate across the United States. http://www.mybudget360.com/state-half-not-working-labor-force-participation-rate/ 14 comments economy
- Record 93 million Americans now not in the labor force: The non-working American recovery added 451,000 to the not in the labor force category in December alone. http://www.mybudget360.com/not-in-labor-force-record-93-million-americans/ 3 comments economy
- The stock market is finally recognizing severe global volatility: Stock market has worst performance in two years. http://www.mybudget360.com/stock-market-volatility-vix-index-jumps-stocks-drop-interest-rates/ 39 comments economy
- The new subprime is in auto loans: One third of all new auto loans are of the subprime variety. Repossession are up 70 percent. http://www.mybudget360.com/subprime-auto-loans-new-subprime-debt-repossession/ 25 comments economy
- Driving our way into poverty: Subprime auto debt continues to expand while domestic auto production remains weak. http://www.mybudget360.com/auto-subprime-debt-domestic-auto-production-drops/ 4 comments economy
- Feeling poorer through the power of inflation: Since January of 2000 college tuition is up 68 percent, new car costs are up 55 percent, your typical home is up 50 percent, and wages are simply not keeping up. http://www.mybudget360.com/inflation-wages-pce-deflator-feeling-poorer-inflationary-monetary-policy/ 37 comments economy
- The slow process of turning the US into a low wage McJobs nation: US breaks even with jobs lost since 2007, those not in the labor force jumps nearly 13 million, and 1 out of 4 is working for $10 an hour or less. http://www.mybudget360.com/low-wage-mcjobs-recovery-not-in-labor-force-participation/ 26 comments economy
- Nonworking America: Those not in the labor force up by 12,000,000 since recession ended, a growth rate of 15 percent while the overall population is up 4 percent. http://www.mybudget360.com/not-in-labor-force-united-states-civilian-employment-population-ratio-12-million-americans/ 3 comments economy
- Sticking it to Millennials and young Americans when it comes to wealth: Households headed by those 40 years old or younger see inflation adjusted wealth 30 percent below 2007 levels while older Americans recoup losses. http://www.mybudget360.com/millennials-wealth-net-worth-young-american-wealth-net-worth-gap/ 4 comments economy
- Never leave home generation: Household formation goes negative year-over-year at steepest rate since recession ended in 2009. http://www.mybudget360.com/never-leave-home-generation-young-americans-living-at-home-percent/ 7 comments economy
- The acceleration of a global Gilded Age: Half of the world’s wealth now owned by one percent of the population. Bottom half of world population own the same as the richest 85 people in the world. http://www.mybudget360.com/global-wealth-inequality-income-inequality-world/ 77 comments economy
- Sheltered banks do not trust broke American public: Too big to fail securely in place while business inventories surge to record levels. http://www.mybudget360.com/banks-not-lending-bank-lending-us-consumers-business-inventory-surge/ 7 comments economy
- The scam of unpaid internships: How companies exploit free labor from students under the guise of unpaid internships. http://www.mybudget360.com/unpaid-internships-black-swan-internship-trends/ 120 comments economy
- Failure to launch into household formation: Record 36 percent of young Americans (18 to 31) living at home with parents. Where is household formation coming from? http://www.mybudget360.com/us-household-formation-data-young-americans-living-at-home-with-parents-real-estate/ 5 comments economy
- The Sequestered Gilded Age: Top 20 percent of households control over 90 percent of all stocks and financial wealth: Bottom 40 percent of all households have an average net worth of -$10,600. http://www.mybudget360.com/the-sequestered-gilded-age-top-20-percent-of-households-control-over-90-percent-of-all-stocks/ 30 comments economy
- Are stock investors coming back in at another debt induced peak? How regular stock investors are horrible at market timing. http://www.mybudget360.com/stock-investors-timing-market-at-peak-stock-market-2013-timing-stock-timing/ 5 comments economy
- The most educated and indebted generation ever – Average student debt has tripled since 1990 while earnings have gone stagnant for college graduates. How much is the college rite of passage worth? http://www.mybudget360.com/average-student-debt-average-cost-for-college-rite-of-passage-student-debt-bubble/ 59 comments economy
- Is College Worth the Price and Debt? Private student loans make up $150 billion of the $1 trillion in outstanding student debt. Private student loans grow hand and hand with for-profit institution growth. http://www.mybudget360.com/is-college-worth-the-price-and-debt-for-profits-the-worth-of-college-education/ 13 comments economy
- Kabuki financial theatre – Congress net worth up 15 percent from 2004 to 2010 while the average American sees their net worth decline by 8 percent in the same timeframe. Welcome to plutocrat USA. http://www.mybudget360.com/kabuki-financial-theatre-congress-net-worth-up-15-percent-from-2004-to-2010-median-net-worth-americans-down-8-percent/ 8 comments economy
- The calm before the student loan bubble bursts – For-profits make up 9 percent of student enrollment yet produce 27 percent of all private loans. The inevitable pop of the student loan bubble. http://www.mybudget360.com/student-loan-bubble-storm-about-to-burst-private-loans-for-profit-colleges-corner-markets/ 12 comments economy
- Ultimate money magician in the Federal Reserve and the art of shadow bailouts – The continuing secretive bailout of the $3.5 trillion commercial real estate market. http://www.mybudget360.com/ultimate-money-magician-federal-reserve-art-of-shadow-bailouts-commercial-real-estate-loans-cre-market/ 7 comments economy
- Bank of America has $2.3 trillion in assets but $956 billion of that is made up in loans. Think those loans are valued at current market levels? The FDIC would have a challenge even breaking up one too big to fail bank. http://www.mybudget360.com/bank-of-america-has-2trillion-in-assets-but-956-billion-of-that-is-made-up-in-loans/ 12 comments economy
- Current state of the American housing market. What foreclosures and distressed borrowers tell us in hidden data. http://www.mybudget360.com/housing-market-current-state-hamp-data-reflects-deep-issues-foreclosure-rate-at-4-million-for-year/?utm_source=feedburner&utm_medium=feed&utm_campaign=feed%3A+mybudget360%2Fqepx+%28my+budget+360%29&utm_content=google+reader 3 comments economy
- FDIC flashes code red – Banking system insolvent and expecting more bank failures. Since 2008 247 banks with $616 billion in assets have failed. History of Federal Reserve designed to protect the big banks. http://www.mybudget360.com/fdic-flashes-code-red-banking-system-on-brink-hundreds-of-additional-bank-failures-fdic-insolvent-fed-bailouts-coming/ 4 comments economy
- California construction employment back to 1997 levels. California building permits at all time record low. http://www.mybudget360.com/construction-employment-building-permits-all-time-low-california/ 3 comments business
- Current S&P 500 Value is Betting on Return to Bubble Peak, Housing Mania, and 4 Percent Unemployment. http://www.mybudget360.com/sp-500-is-the-new-bubble-current-sp-500-value-is-betting-on-return-to-bubble-peak-housing-mania-and-4-percent-unemployment/ 20 comments business
- Fiscal Situation of 50 States: Combined Budget Gaps Estimated at $350 Billon for 2010 and 2011. http://www.mybudget360.com/fiscal-situation-of-50-states-combined-budget-gaps-estimated-at-350-billon-for-2010-and-2011/ 5 comments economy
- You Cannot Afford a $350,000 Home with a $75,000 Household Income! Get that through your freakin head! http://www.mybudget360.com/you-cannot-afford-a-350000-home-with-a-75000-household-income/ 253 comments business