Tuesday, December 16, 2014
THE Biggest Challenge of Next Decade? – Human vs A.I.
From flying a plane to selling advertising, the FUTURE of American Workers is HERE...and it's NOT Good. In the competition between "artificial intelligence" and a "human" workforce, would you care to wager on which "commodity" is going to win out over the other? Talk about this with everyone you know who is NOT an owner of their own business. From the New York Times...Dennis
Monday, December 15, 2014
Who Can Afford to Rent?
With hourly wages averaging slightly over $20 for most middle-class workers, the question becomes, "who can afford to even RENT a place to live?" Forget about owning a home, now average Americans can barely afford to rent an appropriate apartment.
I ran across an article this morning on the rent prices in Denver and how they've gone up (again) and will continue to go up.
I've got some advice for anyone in the Denver area who is living on a fixed income – YOU had better get yourself a financial survival plan!
How is it in your area? Think about it... Dennis
I ran across an article this morning on the rent prices in Denver and how they've gone up (again) and will continue to go up.
I've got some advice for anyone in the Denver area who is living on a fixed income – YOU had better get yourself a financial survival plan!
How is it in your area? Think about it... Dennis
Wednesday, December 10, 2014
More Americans Living Paycheck-to-Paycheck Today (than 2 years ago)...
Do you still believe that there's an "economic recovery" going on? Not according to the latest research. Do you find that these FACTS hurt your efforts to build a business, or are you USING them to build? See my comments in article below on how to USE this news, and then feel free to add your own ideas. Dennis
Welcome to the Recovery – McKinsey Survey Shows 40% of Americans Living Paycheck to Paycheck, Up From 31% in 2012
Michael Krieger | Posted at 11:25 am
Nothing screams economic recovery like 2 out of every 5 Americans living paycheck to paycheck. Especially when that number has reportedly increased by 33% since 2012.
Perhaps someone should inform these destitute plebs that the stock market is up nearly 45% over the past two years, and after all, nothing says economic success like the 0.01% enriching themselves via fraud and financial engineering.
Here are two of the most sobering findings from the survery:
- 40 percent of the consumers we surveyed said they are coping with the challenge of living paycheck to paycheck, up from 31 percent in 2012.
- Today just 23 percent say they are optimistic about the economy, down from 27 percent at the beginning of the recession in 2009.
If that’s not enough for you, check out these additional excerpts from the summary:
Sunday, December 7, 2014
Social Security IS the Retirement Plan for 44% of ALL Americans
Are you aware that for more than 1/3 of all Americans, social security makes up 90% of their income? We have a better way to offer than that... Dennis
Social Security helps keep half of elderly Americans from poverty: Social Security has become the de facto retirement plan for millions of Americans.
Social Security was never designed as a long-term retirement plan for millions of Americans. Yet Social Security has become the default retirement plan for many elderly Americans. In fact, if it were not for Social Security roughly 44 percent of elderly Americans would be in poverty. This is calculated by how many Americans receive Social Security and the standard poverty income cutoff created by Census figures. The middle class continues to struggle and falls further behind the curve. Since Social Security is adjusted via the CPI, it is problematic when the CPI fails to account for bigger changes in prices. As we’ve highlighted before, inflation is here in big ways. For older Americans healthcare costs are soaring and this eats deep into their monthly budgets. Social Security in various forms is now being received by 64million Americans. This is a big deal especially with so many Americans hitting retirement age in the years to come.
Social Security the last barrier from poverty for millions
It was interesting to read a report highlight that without Social Security, roughly 44 percent of elderly Americans would be in poverty:
“[Figures show] that were it not for Social Security benefits, over 44 percent of the elderly would be poor. With it, that share falls to 9 percent.”
While some might see this in a positive light I see this as more of a precautionary tale. Many Americans are too close to the financial edge and are winging it in retirement. The data is troubling:
Friday, December 5, 2014
Americans Out of Work – 36-Year LOW
Is there an opportunity out there for our business model to be shared? Is there a REAL need? How can you present the business in a way that reaches people? Dennis
December 5, 2014 - 9:17 AM
By Ali Meyer
(CNSNews.com) - The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
In November, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 248,844,000. Of those, 156,397,000 participated in the labor force by either holding a job or actively seeking one.
The 156,397,000 who participated in the labor force was 62.8 percent of the 248,844,000 civilian noninsttutional population, which matches the 62.8 percent rate in April, May, June, August and October of 2014 as well as the participation rate in March of 1978. The participation rate hit its lowest level of 62.7 percent in September 2014.
Another 92,447,000 people did not participate in the labor force. These Americans did not have a job and were not actively trying to find one. When President Obama took office in January 2009, there were 80,529,000 Americans who were not participating in the office, which means that since then, 11,918,000 Americans have left the workforce.
Thursday, December 4, 2014
Sears, JC Penney's, Radio Shack – All On Death Row
THESE RETAILERS COULD USE SOME HOLIDAY CHEER
NEW YORK (AP) -- The holiday shopping season is always a make-or-break period for struggling retailers.
But this year, the fight to grab shoppers has intensified, making it difficult for stores to use the season that accounts for about 20 percent of the retail industry's annual sales to bounce back.
Stores face cautious shoppers who are juggling stagnant wages and higher costs for food and health care. And Web-savvy customers are using information easily available on their smartphones to hold out for ever-better deals. All of that means that stores have had to discount more - and earlier - this holiday shopping season.
"If you're a retailer on the edge, it's harder to maintain your viability and return to profitability because of the intense promotional environment," said Ken Perkins, president of RetailMetrics LLC., a retail research firm.
He expects fourth-quarter earnings for the 123 retailers he tracks will rise 7.7 percent, down from a projected 16 percent increase in June.
Here, four retailers with years of sales declines that could use a good holiday season:
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