Households across the United States are living paycheck-to-paycheck and are on the verge of financial collapse. The reason why is because wages are low and stagnant and price inflation is steadily rising. American families are having a difficult time trying to keep up. According to a report from CBS News, consumer prices have risen more […]
Archives for February 2014
Will a national sales tax save the U.S. economy or help it crumble?
By now, you have probably heard public officials, economists and pundits incessantly discuss income inequality. It has been the talking point for so many for so long, but most don’t really address the fundamentals of income inequality: the Federal Reserve System and the federal government. One idea that has been purported for years now is […]
Has the price of bitcoin collapsed? Mt. Gox BTC value falls to $275
The value of bitcoin has fluctuated significantly over the past two weeks because of cyberattacks and Mt. Gox’s announcement that it would be temporarily suspending withdrawals. Heck, there was even a flash crash last week that sent the digital currency to as low as $102 before shooting back up to around $650. The price of […]
America Impoverished: Census data shows Americans falling in and out of poverty
It’s pretty fair to say the United States economy is in shambles: a massive national debt, tens of trillions of dollars of unfunded liabilities and expenditures, a stock market that jitters on talk of Federal Reserve QE tapering and a president that believes the cure to all of the nation’s problems is more government. According […]
Millionaires say saving early, regularly the key to personal wealth creation
Recent studies have found that those approaching retirement or individuals who are already in retirement share one common regret: not saving early enough. In today’s difficult economy that comes with a high cost of living, a majority of older Americans wish they started saving earlier than they did. For youth today, it can take quite […]