At one point in time in America, living at home with mom and dad after crossing out of your teenage years and into your 20s was embarrassing and something that was generally avoided at all costs. And while hard times come and go, 20-somethings who were forced back into their parents' care worked their tails off until they could save up enough money to once again regain their freedom.
Over the past few years, individual wealth grew for all Americans. But that doesn’t mean everybody is on level ground. HowMuch.net's graphic below shows the net worth disparity between racial groups, both with and without a college education.
Source: HowMuch.net
Authored by Bruce Bawer via The Gatestone Institute,
From FinancialSense.com via ValueWalk.com,
The following is a summary of our recent podcast, “Exodus – The Major Wealth Migration,” which can be listened to on our site here on on iTunes here.
It’s looking increasingly likely that we’ll see the GOP tax bill pass in the near future. Prepped for signing by the end of this year, the bill is sure to have sweeping effects on all taxpayers, especially those in high tax states.
Consider Dan White at Moody’s: Taxation Shift Spells Trouble for Underfunded States
Legendary investor Jack Bogle is apparently not all that optimistic that public pension funds in the U.S. are going to be able to meet their future funding obligations. Speaking with Bloomberg earlier today, Bogle predicted that bond returns will be a paltry 3% over the next decade, with stock returns not that much better, making it almost impossible for pensions to meet their arbitrary 7.5%-8.0% return hurdles.