Joe Sixpack Is Financially As Dumb as a Fence Post

Written by Steven Hansen The majority of Americans may be financially and economically illiterate.  Many have nothing, and likely will never have anything. Over 65% of American adults have a net worth under $100,000. In Australia, over 65% of all adults have a net worth exceeding $100,000.

Consumption and the U.S. Recovery

by Elliott Morss Introduction Consumer expenditures run at about 70% of GDP, so consumption growth will play an important part in determining the pace of US growth. What do we know about the determinants of consumption growth? Economists say consumption is driven by income: the more you make, the more you spend. Alternatively, income falls …