How much does the average American make? Breaking down income and salary data.
The average American household takes in $63,091 per year. With recent shifts in the economy, it is very likely that this figure is much lower for the current year. But the baseline point is important to understand where most Americans stand. After all, salary and income is still a somewhat taboo subject. You can talk [...]
Savings and Deposits and the Zero Percent Bank Account – Punishing the Saver for a Nation Fueled by Debt Consumption.
The current financial system is designed to punish savers. The Federal Reserve by cutting the Fed funds rate to virtually zero has made it a disincentive for people to store any of their wealth and get any acceptable return. If we look at savings account rates you will find that many banks are offering from [...]
California Housing Still Over Priced: Examining Case Shiller Data and Seasonal Distortions. The Impact of Shadow Inventory on Price.
One simple rule that every student of introductory economics understands is that a product that has more demand than supply will typically push the price up. The recent stabilization in housing prices has given the impression that the housing market is correcting on its own. Nothing can be further from the truth. There are three [...]