Most Americans Are Just Too Poor to Save for Retirement

Why are many Americans not saving enough for retirement? While there are many explanations, the real reason is that many don’t make enough money. Yes, the world’s richest country is somehow home to many of its poorest, at least relative to the high earners we have. Here are some unpleasant facts about American incomes to […]

Economist Who Warned of Housing Crash: ‘We Are Already In a Recession’

A growing number of economists are predicting a recession next year. And then there is Gary Shilling. Shilling believes that the United States economy is currently in a recession. He has accurately predicted past recessions. Most notably, Shilling repeatedly sounded the alarm over subprime loans. These loans led directly to the housing bubble bursting in 2008 and subsequently […]