These numbers are staggering: During the span of about two generations, Americans who rent their homes have become twice as likely to be “house poor.” In 1960, 24% of renters were “cost burdened;” today, that figure is 50.6 percent, according to ApartmentList.com. This, at a time when America has [Keep reading]
It should surprise no one that the biggest winners so far in the Trump administration are those who hold stock in America’s largest banks. Bank stocks soared on the news last week that the new president was serious about rolling back financial regulations put in place after the economic [Keep reading]
PUBLISHED Oct. 6, 2007 — Shopping malls are packed every weekend. Restaurants can’t open fast enough. Everyone seems to be wearing designer shoes, jackets and jeans and sipping $4 lattes. Credit card commercials constantly advocate splurging and, it seems, U.S. consumers are all too ready to comply. So what’s the [Keep reading]
It can seem like no one wins when your Facebook feed is full of partisan political bickering, but indeed, there is a big winner: Facebook. And, most social media firms. There’s a loser, too: U.S. worker productivity, at least according to one new survey. Employees say they are spending TWO [Keep reading]
What’s with the suddenly disappearing Presidential Executive Orders? Perhaps the Trump administration is growing more careful with the way it rolls out new orders. Or, perhaps there’s some other explanation for an entire day’s White House events calling attention to orders that then…seem to vaporize. It’s happened twice in the past [Keep reading]
Comcast Cable TV subscribers were throwing penalty flags all over Twitter on Sunday night when an apparent outage prevented them from watching the Super Bowl. It was unclear how widespread the troubles were. Comcast’s customer support account, @ComcastCares, confirmed outages in Virginia. Outages in that area were caused by [Keep reading]
A suspicious death related to a British spy. Accusations of treason. Arrests — including one, during a meeting, where the suspect was marched out with a bag over his head. Election interference and ‘Kompromat.’ These are some of the things that, while hanging in the air, weren’t mentioned in the [Keep reading]
NOTE: It’s been …gulp….13 years since I published my book on identity theft: Your Evil Twin. Yet here we are, more than a decade later, with the rate of ID fraud hitting an all-time high. That’s shocking. I think it’s important to note that the pain victims feel today is [Keep reading]
(“The Four-Income Family.” Daniel Clements, president of Insedia.com (where I am an advisor) used that phrase during a recent meeting I had with folks there about the future of American labor. It stuck in my craw, so I ended up writing a piece for Insedia talking about the issue. [Keep reading]
The folks at Grow asked me to explain a frustrating situation recently: Interest rates are going up for everyone — except consumers! Savers are still getting almost nothing for their virtuous habit of saving money. Meanwhile, now that the Fed is raising rates, all the rates that *hurt* consumers — [Keep reading]
Bob Sullivan