Personal income for American worker – Median personal income for those working in America is much less than you would think
I’m struck by how many Americans think that wages in the United States are off the charts. The typical American worker is pulling in about $26,507. At least this is the median personal income in the United States. This works out to be about $500 per week which doesn’t equate too much especially given the incredibly high [...]
U.S. Dollar and the 1971 Shock: How Going off the Gold Standard is now Coming Back to Harm the U.S. Dollar. The 40 Years Spending Spree.
The U.S. dollar has been on a wild rollercoaster ride for decades. Most Americans rarely concern themselves with currency markets or larger macro economic trends. Yet this is such an important financial area to understand since Americans are paid in U.S. dollars. It is fascinating to understand why the U.S. went off the gold standard [...]
It might seem like cognitive dissonance to think about inflation in the midst of falling housing prices. The Consumer Price Index (CPI) tracked by the Bureau of Labor and Statistics shows that housing makes up 43 percent of the entire index. Of this, 24 percent is made up of a category called owners’ equivalent rent [...]