Appearances are all that seem to matter in our society today. Dying in debt will be common place in the coming years. Fully 21% of Americans say they don’t think they will be able to pay off their debts — including their car, credit cards, student loans and mortgages — in their lifetime. Our debt addict society is dying of an overdose.
Read More »Student Loan Debt: A Bubble That Will Eventually Pop
Student loan debt in America now ranks as the second-largest consumer debt category, trailing only mortgages and, based on the latest data, it isn’t about to end any time soon.
Read More »Next Major Capital Market Meltdown Won’t Be Caused By Consumer Debt – Here’s Why
It's impossible to pinpoint when and where the next crisis will spring from but, looking at the actual U.S. consumer debt data today, it's not likely that consumer debt will be the trigger point of the next major capital market meltdown...
Read More »Study Shows Student Debt Delays Home Buying by Seven Years (+2K Views)
The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance shows the obvious: Student debt delays household formation, home buying, and saving. [Here are the details summarized for a fast and easy read].
Read More »Welcome Back to the Easy Debt Party!
Most Americans are living paycheck to paycheck so all this access to subprime debt is going to do is allow them to consume future income and guarantee that any ability for future financial security disappears.
Read More »Millennials: Should You Pay Off Your Student Loan Before Starting to Save For Retirement?
Should the Millennial cohort pay off their student loan before investing in the stock market as a means of saving for retirement or do a little bit of both? This article discusses the different options and comes to an interesting conclusion.
Read More »Student Loans: the Situation; the Problems; the Solution
Data from Barclays Research clearly shows that the strain on US consumers from student loans isn’t going to improve any time soon and that the risk to the taxpayers is on the rise.
Read More »U.S. in Terminal Phase of Unprecedented Debt Spiral
Anyone that thinks that the U.S. economy can keep going along like this is absolutely crazy. We are in the terminal phase of an unprecedented debt spiral which has allowed us to live far, far beyond our means for the last several decades. Unfortunately, all debt spirals eventually end, and they usually do so in a very disorderly manner.
Read More »The Dow 30: How Relevant Is Its Height to Economic Health of U.S.?
"Do we really have a time machine and have reset to 2007 or have we in fact entered the uncharted territory of unsustainable, runaway trends the likes of which have never been observed in recorded history? Also, just how relevant is the Dow Industrials Index in all of this?"
Read More »