For quite a while I have been very suspicious of this "aging work force". The mainstream media has been reporting that they have been dropping like flies out of the labor force. Many times I've asked myself, "Why? Where have they all been going?"
The Obama administration is finally abandoning their endorsement of chained CPI for next years budget. The reason is probably not good economics, but political. Election season is near and this is just one of many policies the Obama administration endorsed which raised the ire of the retired. A refresher, chained CPI is another method to adjust for cost of living increases at a reduced rate than what is currently used, CPI-W.
Welcome to Outrageous Economic Shorts, the reader's digest of economic horror. Below are studies, facts and figures that should be enough to make your hair curl. Unfortunately information like this pops up every week. Yet read it and weep, here's some of the latest.
Retirement is something most of us don't like to think about. It is not due to aging and fear of death. Instead, most of us are just scraping by, if that, and our retirement funds do not exist. Out of sight, out of mind is a way to deal with the deathly fear of having absolutely no money to take care of ourselves with in old age.
Surprise, when tax revenues increase the deficit goes down. Such was the news of a new CBO update on the federal budget deficit.
If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, CBO estimates, the smallest shortfall since 2008.
There is a war on social security and America is losing the battle. One constant in the fiscal cliff negotiations is the agenda to cut your retirement benefits by a ruse, a lowering of the inflation adjustment.
A shocking claim was made by various press sources that those at the bottom of the American economic pile have living expenses which are double their income.
The bottom fifth of the U.S. income distribution -- 24.4 million households -- on average earned $10,074 in after-tax annual income and spent $22,001 last year,
After 72 hours of non-stop mega millions lottery news coverage, we discovered the best investment strategy to secure your future is to buy lottery tickets. One never knows and it's best to place your fate in the hands of improbable odds. While the chance of hitting it big are 176,000,000 to 1, we checked the numbers and discovered getting your retirement 401k to where it needs to be has even worse odds and also correlates to winning a lottery. See the correlation graph below.
There is a war on social security and America is losing the battle. One constant in the 
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
Recent comments