What’s the embodiment of the average millennial today? High debt, low savings and a paucity of financial literacy, at least that’s what a new report says. According to a study authored by the George Washington University Global Financial Literacy Excellence Center (GLFEC) and PricewaterhouseCoopers, the millennial trademarks are debt, zero savings and zero understanding of […]
Archives for January 2016
A look at income inequality by household demographics in 2014
The American Enterprise Institute (AEI) has a very interesting chart out that looks at income inequality by household demographics in 2014. Using data from the United States Census Bureau, AEI’s Mark Perry highlights various demographic attributes of households across the U.S. by income quintiles in 2014. Some of these characteristics include mean number of earners […]
Video: Donald Trump on NBC’s ‘Meet the Press’
Donald Trump, the GOP frontrunner and billionaire real estate mogul, sat down with NBC’s “Meet the Press.” The interview consisted of Ted Cruz’s birthright citizenship, Islamic terrorism, the Chinese economy, the phony employment numbers and other issues. The near half-hour interview pretty much contained the same old Trumpisms, like “we have to find out what’s […]
The Fall of Oil: Third of U.S. oil companies could face bankruptcy
The plunging price of oil is creating a wave of destruction all over the world. From Canada to Russia, from the United States to Saudi Arabia, governments and companies are crashing, and the worst has yet to come. In addition to a Morgan Stanley report released this week, which said the price of oil could […]
Global bank warns investors to ‘sell everything’ amid ‘cataclysmic year’
“Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small,” the Royal Bank of Scotland (RBS) wrote in a note to clients. RBS has warned investors to get ready for a “cataclysmic year” amid an international deflationary crisis. What’s going to […]