Group items tagged

Recently the income range has been described as between $32,000 and $64,000 a year, between $50,000 and $122,000, and between $20,000 and $102,000.

The reality is we’re still in the doldrums, and the most recent data gives cause for serious worry. Almost all the forward movement in the economy is now coming from consumers —  whose spending is 70 percent of economic activity. But wages are still going nowhere, which means consumer spending will slow because consumers just don’t have the money to spend. 

The Fed is keeping interest rates artificially low, allowing consumers to get low home-equity loans and to borrow against the rising values of their homes. Needless to say, this trend, too, is unsustainable.

Over 90 percent of the value of the stock market — including 401(k)s and IRAs — is held by the wealthiest 10 percent of the population.

As he witnessed the rapidly evolving campus climate as a young reporter with the Daily Caller, Greer was inspired to write his book. “American universities were once the cultivators of the nation’s brightest minds, the gateway to the middle class, and forums for the exchange of ideas and innovations,” his book begins. “Now [students] can’t tolerate chalk marks in support of a certain presidential candidate.”