According to a new study, many households across the United States actually have negative net worth. As of right now, a great many households have more debt and payments due than they actually have assets. This is a major low for the average American right now, since debt is literallyContinue Reading
The price of college tuition has received a lot of attention recently. Many people are worried about the skyrocketing prices. Whether you are a student that has to sign the loan, a parent that has to co-sign the loan, the college graduate that is overwhelmed by debt or a highContinue Reading
The Net Worth of Individuals A recent study published findings of a longitudinal study that surveyed retirees from 1993 through 2008. The study showed that there are a wide variety of financial situations for the retired individuals within the United States. Although almost half of retirees will have just $10,000Continue Reading
Effects of European Debt Crisis As the European debt crisis continues to make headlines around the world, American International Group Inc. (AIG) Chief Executive Officer, Robert Benmosche, believes that governments around the world are going to have to understand that people are going to have to work later into theirContinue Reading
Agricultural Businesses Strengthen Economy A recent survey of banks serving rural areas showed that the economy is remaining strong in 10 Midwest and Western states. The reason that these rural areas are able to maintain a strong economy is because these states have strong agricultural businesses. The Rural Mainsteet surveyContinue Reading
You may be asking yourself, “What does Monetary Policy and the Federal Reserve have to do with me and my personal finances?” The answer to that question is – Everything! Looking into what has occurred over last 5 years and how it has changed the Micro and Macro economic landscape, one needsContinue Reading
American Dream The American Dream has been a driving force for entrepreneurs in the United States for many years. America cultivates an environment in which the common man can work his way towards prosperity and success and this environment has enabled entrepreneurs to envision and build the business that theyContinue Reading
Retiring at 65? If you were expecting to be able to retire at 65, you may want to double check your calculations. A recent Gallup poll shows that the retirement age has risen to an average age of 67 from 65. The retirement age has been increasing for almost twentyContinue Reading
Barry J. Dyke, author of Pirates of Manhattan, joins Patrick Donohoe to discuss his new book, The Pirates of Manhattan II: Highway to Serfdom. In The Pirates of Manhattan II: Highway to Serfdom, Barry James Dyke warns us that America is an empire in decline. We have an asset management industrial complex which controlsContinue Reading
According to a recent Federal Reserve report (Consumer Credit – G-19), total American consumer debt recently topped $2.5 trillion. This includes both revolving and non-revolving debt, and increased 9.3 percent from 2010. Revolving debt (credit cards) increased 4.1 percent while non-revolving debt, which includes car loans and education rose toContinue Reading