Hardly a day goes by without an article blaring about record levels of debt and warning of a collapse. Irresponsible borrowing can adversely affect everyone, including those who lived within their means. Reuters reports, “Americans’ debt back at record high after nearly a decade”: “Americans’ debt level reached a record high this year, surpassing the peak touched just as the […]» Read more
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Hardly a day goes by without an article blaring about record levels of debt and warning of a collapse. Irresponsible borrowing can adversely affect everyone, including those who lived within their means.
Reuters reports, "Americans' debt back at record high after nearly a decade":
"Americans' debt level reached a record high this year, surpassing the peak touched just as the worst of the recession was taking hold in 2008, …households …now lean …more on auto and student loans."
Bloomberg weighs in on student loans, "Student debt in America has hit a new record":
"Total U.S. student debt hit a record $1.31 trillion last year, the 18th consecutive year Americans' education debt rose, according to the Federal Reserve Bank of New York.
…Close to one-quarter of student debtors whose bills have come due are either in default or at least 90 days late on their required monthly payments… The federal government owns or guarantees more than 90 percent of all student debt."
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What if you discover you bought the wrong annuity? What if the projected income falls short of the estimates? Can you get out of the contract? The response to our special report, Miller On The Money Annuity Guide was terrific. The most common response was readers wishing they had read the report years ago – before they bought their first […]» Read more
Seniors, savers, baby boomers and retirees are constantly bombarded with financial information written by those wishing to sell their products or services. The readers are prospective nails; and the authors tout their particular hammer as the best solution to your financial challenges. Many have been credited for the above quote, including Mark Twain and Abraham Maslow. I prefer to use […]» Read more
I love the line in the country song, “Mammas, Don’t Let Your Babies Grow Up To Be Cowboys”. …”Cause they’ll never stay home”. Thousands recently graduated from high school and college. Despite the motivational commencement address about moving on to the next stage of life, many graduates will continue living at home for a decade or more. Young people are […]» Read more
In 2016, Facebook (FB) earned over $10 billion, while seemingly giving away their product. FB’s sales averaged almost 50% growth over the last 5 years. The current stock price tops $150/share – the market values the company in excess of $425 billion. That’s pretty heavy lifting for a company that went public just five years ago. Tech stocks mentality Investors […]» Read more
What is it about politicians? When they have budget problems, their solution is to contrive all kind of excuses to create and raise taxes. Cost cutting is seen as performing an unnatural act. The newest gimmick is a “Soda Tax”, basically a tax on sugary beverages. Philadelphia started the trend. Their efforts are fizzling out and causing problems. Berkeley, San […]» Read more
Once a mighty giant retailer, Sears is now on life support and dying. Many investors are also going to suffer. My affinity for Sears began when my first son was born. He needed special shoes – a new pair every three months. My wife was in tears; the shoes cost over half my weekly earnings; we didn’t have the money. […]» Read more
The games played by corporate America put Houdini to shame. Their illusions exclude the warning, “Don’t try this at home”, nor is it for entertainment purposes only. Corporate America and Wall Street encourage investors to buy overpriced stocks, while executives collect bonuses for lousy performance. Looking behind the curtain Generally Accepted Accounting Principles (GAAP) versus adjusted earnings. Many play this […]» Read more
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