The conventional concept of retirement will likely cease to exist in the future. The days of relaxing on a hammock in the summer sun, traveling around the world and just enjoying life as you watch your grandchildren grow up are likely going to vanish in the next couple of decades. The rising cost of living, […]
Archives for June 2014
Most Americans think economy won’t recover until 2017, expect financial crisis
Is the American public optimistic of the United States economy or pessimistic of any sort of recovery? That’s the question after CNNMoney released the results of a new survey that found a significant majority of Americans think the economy won’t improve from the economic collapse until 2017. The study, which was published Friday, reported that […]
Week in Review: Jun. 2 – Jun. 8
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: An extensive critique on Jesse Ventura calling for minimum wage hike (hot) Eating vegetables can help you survive rising meat prices, save money Report: China may employ bond-buying […]
Seattle minimum wage workers already losing 401k, paid vacation benefits
This week, liberals and socialists gained a major victory in Seattle after the council voted in favor of a $15 minimum wage that will be imposed over a several-year period that depends on what group you belong to. Proponents of the legislation say it would help the impoverished make a living wage and that it […]
Euro expected to lose value as ECB implements a negative interest rate
The European Central Bank (ECB) has announced that it will be lowering interest rates and implementing a negative rate on bank deposits for the very first time in the central bank’s history. According to the statement, the bank slashed its main lending rate to 0.15 percent and reduced its rate on emergency overnight loans by […]