The trickle down effect It has been said that if we cut taxes for the rich and help profitable businesses make even more money then the economic benefits would trickle down from the top to the rest of us. But for many in the working class this has simply not been the case. 🙁 The top 1% have… Read More »
The Labor Market In September 248,000 new jobs were created in the U.S. 🙂 The national unemployment rate dropped from 6.1% to 5.9%, the lowest since 2008. This must mean we’re almost back at pre-recession, full employment right? Well if you ask people on the streets how they feel about the strong labor market recovery, many of them will not know… Read More »
The American economy is starting to pick up. U.S. stocks have held steady in September. However the Canadian stock market dropped 4.3%, the price of oil fell $3 per barrel, and the value of the Loonie sank to just 89.4 cents U.S. Thankfully my finances held up okay in September. I did lose about $5,600 of value in my stock portfolio… Read More »
It’s the first day month of Autumn 🙂 It’s hard to believe another month has gone by already. The U.S. economy grew at a brisk 4.2% in the second quarter of 2014, and Canada’s increased to 3.1%, which is the fastest pace since 2011. Consumers are spending more, exports are up, and stock markets are reaching all times… Read More »
The Student Loan Dilemma Many students are hesitant to take out student loans. Is improving your human capital through further education a good reason to take on debt? The Changing Times In 2002 there was $300 billion federal student loans outstanding in the US. Today it’s more than $900 billion. Part of this dramatic increase is due to the… Read More »
Recently read in the news that the average Canadian household now has a net worth of $400,151 CAD, a record high. Yay, time to partay＼(~o~)／ This is great news because more money translates into better purchasing power so buying goods and services become more affordable, relatively speaking. I didn’t know exactly why my net worth has been going up… Read More »