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  • Phi Asset Managers 9:19 am on October 7, 2011 Permalink | Reply
    Tags: Debt, , , Wages   

    Trends With Few Wins 

    There are fewer payroll jobs in the United States right now than there were back in 2000 even though we have added 30 million extra people to the population since then.
    Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job.
    Only 55.3% of all Americans between the ages of 18 and 29 were employed last year. That was the lowest level that we have seen since World War II.
    The economic downturn has been particularly tough on men. According to Census data, men are twice as likely to live with their parents as women are.
    According to one recent survey, only 14 percent of all Americans that are 28 or 29 years old are optimistic about their financial futures.
    According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.
    U.S. home values have fallen approximately 6 trillion dollars since the housing crisis first began

     
  • Phi Asset Managers 10:11 am on September 15, 2011 Permalink | Reply
    Tags: Debt, Student Loans   

    Students are now 500% smarter since 2000 

     
  • Phi Asset Managers 3:47 pm on September 9, 2011 Permalink | Reply
    Tags: Debt   

    Debt 

    By Barry Ritholtz – September 9th, 2011, 6:47AM Dr. David Graeber, professor of anthropology at Goldsmiths College, University of London on his book – Debt: The First 5000 years. How the concepts of debt and credit have defined human history and what this means for our current credit crisis and the future of our economy.

     
  • Phi Asset Managers 2:40 pm on September 8, 2011 Permalink | Reply
    Tags: Debt   

    Consumer Credit Chart 

    Derek Kravitz, AP Economics Writer, On Thursday September 8, 2011, 3:26 pm
    WASHINGTON (AP) — Americans borrowed more money in July than any other month in more than three years. But they cut back on using their credit cards.

    Consumer borrowing rose nearly $12 billion in July, the Federal Reserve said Thursday. Greater demand for school and auto loans fueled the increase. A category that measures credit card use fell in July after large increases in May and June.

    Total consumer borrowing increased to a seasonally adjusted annual level of $2.45 trillion. That’s barely 2 percent above the four-year low reached in September.

     
  • Phi Asset Managers 9:24 pm on August 10, 2011 Permalink | Reply
    Tags: Debt   

    US Debt To GDP 

     
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