Middle Class Families from 1970-2005
by
John Hunter, Elizabeth Warren
Webcasts of speech by Elizabeth Warren. Interesting data. Looking at standard family (Mom, Dad and 2 kids from 1970 to 2005), in inflation adjusted dollars: earnings increased a great deal (due to women working much more) but disposable income decreased. This is because basic expenses increased: health care, housing, transportation… (and this is with assuming employer provided health care – which has really been decreasing in likelihood over time). Those families are also more deeply in debt and reliant on 2 incomes. And if either income producer losses their jobs the economics of the family fail. Which means the family is much more at risk.
Save Some of Each Raise
by
John Hunter
"Anytime you get a raise split the raise between savings, paying off debt (if you have any non-mortgage debt), and increasing the amount you have to spend. I think too many people think financial success is much more complicated than it is. Doing simple things like this (and some of the other things, mentioned in this blog) will help most people do much better than they have been doing."
Investing Web Sites and Resources
Management and Leadership Quotes
by
John Hunter
Quotes on management, business, leadership and many related topics: innovation, problems solving, change, statistics, planning, motivation, etc..
