The Wall Street Journal has an interesting chart out that looks at average family net worth by age of head of the family. Obviously, you’re at your poorest when you’re young and you reach your climax just before you hit retirement. After the golden age of 65, your net worth dips.
Archives for October 2015
Goldman Sachs says unemployment rate falling amid people dropping out of workforce
The United States unemployment rate now stands just above five percent, though the real jobless figure is in the teens. The Federal Reserve-induced economic expansion continues, and everyone is rejoicing. But is the labor market really in such a rosy state? A new report from the Goldman Sachs Group suggests that the unemployment rate will […]
F.A. Hayek explains why intellectuals drift towards socialism (video)
With the successful campaigns of Kshama Sawant and Bernie Sanders, socialism is gradually becoming a popular ideology among millions of Americans. Ostensibly, they want to be cared for from cradle to grave and they detest the idea of private property rights, free markets and wealth (or perhaps they envy others having wealth). It’s quite rare […]
Economists say odds of a U.S. recession likely in 2016
The global economy is in shambles. Even with the amount of money pumped into the financial markets by the Federal Reserve, the European Central Bank (ECB), the People’s Bank of China (PBOC) and other central banks, the global economy still can’t seem to get better. As the Fed delays raising interest rates and the global […]
Nevada brothel willing to pay student loans for new sex workers
What an economy the United States has! Back in the day, hookers and sex workers would enter their trade to earn enough money for drugs, alcohol and maybe rent. Today, however, those who voluntarily become sex workers are doing so to help pay down their student loans. And one pimp is offering to help. Dennis […]