Raiding retirement accounts can have significant consequences.
Many Americans struggle to pay the monthly bills and are feeling less secure about their finances. A Bankrate.com study released this week shows nearly one in five Americans (19 percent) admit raiding their retirement accounts during the past 12 months to cover expenses.
Continue reading… “1 in 5 Americans are Raiding Their Nest Eggs”
College loans will top a trillion dollars.
More students will be going to college this and more of these students will borrow money to do so. Student loan debt will likely top a trillion dollars this year. And for the first time last year student loan debt outpaced credit card debt.
Continue reading… “Growing Student Loan Debt Weighs Heavier on Graduates”
Americans paying more for food and gas.
U.S. consumer inflation rises as Americans are paying more for food and gas. This trend that could slow economic growth in the months ahead according to a new report.
Continue reading… “Rising Food and Gas Prices Could Slow Economic Growth”
The bubble that has taken the place of housing is the higher education bubble.
Peter Thiel, PayPal co-founder, hedge fund manager and venture capitalist has a special talent for making money. He also has a talent for making people mad.
Lake County, Michigan has a 66% vacancy rate.
There are several counties in America, each with more than 10,000 homes, which have vacancy rates above 55%. The rate is above 60% in several.
Continue reading… “21st Century Ghost Towns in America”
Adzookie, a free advertising network for mobile devices, said Tuesday that the company will pay your mortgage if it can paint your house with an ad for the service.
Continue reading… “Let Adzookie Turn Your House Into a Billboard and They Will Pay Your Mortgage”
Jobs are back. Just not for everybody.
Like many other things in the stutter-step economic recovery, the job market is finally recovering, but progress is uneven and some people are being left out. The latest jobs report, for example, shows that the economy created 216,000 jobs in March, for a total of about 1.9 million new jobs since employment levels bottomed out at the end of 2009. That’s a healthy pace of job growth that will help bring down the uncomfortably high unemployment rate, and, with luck, cement the recovery.
Continue reading… “Jobs Are Back Just Not For the Middle-Aged Worker”
North Dakota has a budget surplus.
While many states are confronting severe budget shortfalls and dragging economies, North Dakota has a different sort of problem. It’s stuck deciding how best to deal with a budget surplus. Yes, a surplus. North Dakota’s balance sheet is so strong it recently reduced individual income taxes and property taxes by a combined $400 million, and is debating further cuts.
Continue reading… “Why North Dakota May Be the Best State to Live In”
The highest paid of the CEOs was Philippe Dauman, CEO of Viacom.
CEOs didn’t have to cry poor for long. The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.
Continue reading… “CEO Pay Jumps 27% While Workers’ Pay Stalls”
Fewer than 13 percent of jobs to be created by 2018 will meet the economic security threshold for a single parent with two kids.
It’s most welcome news that job growth seems to be picking up again–even if we’ll need a whole lot more of it to get back to where we were before the Great Recession.
Continue reading… “Jobs of the Future Will Not Support Basic Standard of Living in U.S.”
China’s more affluent generation of middle class families have been raising more and more pampered children bringing a growing blight of obesity to Chinese society.
In a sleepy riverside village in Southern China, three-year-old Lu Zhihao tears around his home; his belly, arms and legs wobbling with fat as he stuffs a pear into his mouth.
The Motor City’s engine is dying. Detroit’s population shrank by more than 25% in the last decade, according to Census statistics reported in the New York Times. The city’s population fell to 713,777 in 2010, a drop of almost 240,000 residents. That’s 100,000 more than Katrina-ravaged New Orleans lost.
Continue reading… “Detroit’s Population Shrank 25% in Last Decade”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.