Yet conversely, household debt in absolute terms is rapidly approaching levels not seen since the you-know-what hit the fan in 2008. At the end of the first quarter of this year, American households owed $12.25 trillion, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit. That’s up 1.1% from Dec. 31 — a pace outstripping anemic wage gains.
More to do with rising house prices and low interest rastes than anemic wage gains.
H1-Bs taking entry level jobs from he newly Educated? Answer: More Education!
Education: It's like Dr. Wilder's New Solve-Everything Elixir for the 21st Century!
Nope, you can't fix today's problems with long term "strategic investments" but that doesn't mean they're not needed. The poor state of education in Britain is inseparable from some of the equality problems. Working classes are struggling, and the dumbed down education system is producing more of them.
Bubble 2.0 has occurred without a corresponding demand surge just like peak Bubble 1.0. As such, it means something other than fundamental, end-user demand and economics is driving prices this time too.
There was demand coupled with low inventory in the Bay Area. Have you seen rents?
I bought a place last year, 20% down, mortgage is lower than what I'd pay to rent a similar place. Now take anyone who bought earlier in the cycle... their cost to own is way lower than renting these days.
Yeah, keep telling yourself that. Trump is supporting intolerance to muslims, and increased power to security agencies. The more we destroy our own country's values in response to fear of terrorism, the more they won.
Private insurance statistically pays out less than it takes in. None of your individual examples change that, or explain how SS could pay out more than it took in overall.
Private insurance also readjusts the premiums it charges annually to compensate for what it pays out. Just go ask anyone who just got their health insurance renewal for Obamacare and they see the HUGE jump to cover all the newly enrolled of the past year.
Exactly. If the SS fund is on track to go bankrupt, they should raise revenues or cut benefits NOW (or 10 years a go). Boomers still in work, Gen X and Millennials should be compensating for the gap. Instead they are kicking the can down the road which is essentially taking more from future generations to give to Boomers followed by X'ers.