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I live in a constant state of early 90s.
When college rock was good, and black people were still on TV.



SLTA___
     One in three Americans has debt in collections.

More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.

These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even past-due gym membership fees or cellphone contracts can end up with a collection agency, potentially hurting credit scores and job prospects, said Caroline Ratcliffe, a senior fellow at the Washington-based think tank.

(source)

Whelp.  I guess I don’t have to be embarrassed about those two years I spent unemployed and dodging bill collectors’ phone calls since every third person I pass on the street is currently doing just that.

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2:42 pm  •  30 July 2014  •   Let's talk about what you think.

| economy| income inequality| money| minimum wage| politics| wealth gap| news|

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     Republicans couldn’t live off minimum wage; still oppose raising it.

A survey by Public Policy Polling shows an even bigger disconnect about the minimum wage among the GOP.

  • 69% of Republicans say they couldn’t live on the current minimum wage
  • 37% of Republicans support raising the minimum wage
  • 80% of Democrats say they couldn’t live on the current minimum wage
  • 74% of Democrats support raising the minimum wage

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Not only are many Republican voters wholly ignorant about what it really means to live on minimum wage, but even those who admittedly could not live on those paychecks still wouldn’t vote to raise the wage floor.  If that’s not the Republican Party spitting on poor people (AND THEMSELVES) I don’t know what is.

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2:00 pm  •  23 July 2014  •   Let's talk about what you think.

| minimum wage| republicans| economy| news| politics|

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     Carlos Slim — world’s 2nd richest man — says we should work 3 days a week.

My first reaction was:  Of course you can say that.  You have more money than god and you don’t have to worry about a paycheck.

My second reaction (after reading what he said) was: 

Would you trade a shorter workweek now for a shorter retirement later?  If you could have 4 days off a week, would you work into your 70s before retiring?

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1:47 pm  •  21 July 2014  •   Let's talk about what you think.

| carlos slim| employment| business| news| economy|

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     Rand Paul: Minimum wage is “temporary.”

Rand Paul responded to the Obamas’ interview last month where they talk of encouraging their daughters to work minimum wage jobs to understand what real work feels like.  In doing so, he made one statement that pretty much sums up the disconnect many Americans have (especially those with money) regarding the minimum wage.

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The minimum wage is not temporary for many people and everybody cannot move up the ladder toward jobs that don’t exist.

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11:10 am  •  21 July 2014  •   Let's talk about what you think.

| barack obama| rand paul| minimum wage| politics| economy| news|

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     Sobering retirement statistics:
  • 53% of households risk falling more than 10 percent short of the retirement income they’ll need to maintain their standard of living (x)
  • More than 40% of retirees are also at risk of running out of money for daily needs, out-of-pocket spending on health care or long-term care (x)
  • 25%  of Americans could not come up with $2,000 in 30 days if necessary, and another 20 percent would have to pawn or sell possessions to do so (x)
  • Only 17 percent of people in the lowest income quartile will have sufficient resources to avoid running short of money by the end of their lives (x)

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3:54 pm  •  16 June 2014  •   Let's talk about what you think.

| economy| retirement| news| social security| finance|

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     Median CEO pay just hit eight figures!

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YAAAAAAASSSSSSSSS!  LOOK HOW EXCITED THAT CARTOON IS!  Median CEO pay reached $10 million last year and that must be good news because people say so.

Can you feel it?  All this prosperity and great fortune?  The riches bestowed upon our nation’s elite is SURE to trickle down to the scrubs like you and I because that’s how the economy works (according to Republicans anyway).  CEO pay rose 8.8% while average weekly wages only rose 1.3% BUT THATS OKAY THO because they work so much harder than us.  Just yesterday I overheard a shoeshine man who’s stooped over for 10 hours a day telling someone about one of the Morgan Stanley guys who had a hangnail.  Oh the horror.

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5:00 pm  •  28 May 2014  •   Let's talk about what you think.

| economy| the 1%| money| rich people| ceo salaries| news| chipotle|

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     Two maps to show you how economically hypocritical Red States are.

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What do we hear most from Red States (other than “guns" or "Jesus" of course)?  Big government is bad and taxes are too high.  Alright, so what would happen to people in Red States if the government stepped out of their finances?  And who is actually paying for public services when those Red States are focused on tax breaks for the rich?  Let’s look at two maps.

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6:00 pm  •  30 March 2014  •   Let's talk about what you think.

| republicans| economy| red states| welfare| taxes| news|

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     The pilot of your last flight makes less money than you thought.

Most Americans should be making more money.  Wages have not increased with the standard of living, but more importantly, workers’ wages have not increased with profit, productivity, or executive salaries.  Cashiers need more money.  Teachers need more money.  Firefighters need more money.  Just about everybody needs more money and I’ve just learned that definitely includes pilots.  

Yes income disparity is evil and setting a bank executive’s salary so far above a construction worker’s salary makes no sense, but something is really off when your pilot has the same hourly wage as a big box retail employee.  I would like for salaries across the board to move to a more equal footing, but something in my gut wants the person in charge of keeping my plane in the air to make a little bit more money than the person who does my return at Bed Bath & Beyond.  Take a look at what the airline industry is really like and you’ll probably be just as surprised as I was.

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5:05 pm  •  15 February 2014  •   Let's talk about what you think.

| airline industry| economy| news| income disparity|

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