The economy has made a slow but steady recovery since the Great Recession, and wages have gone up, so why are so many Americans still struggling financially?
Ever wonder how many hours of your work week are going toward housing costs? Here’s the answer for 98 major cities across the U.S.
With home prices rising throughout the country, many people cannot keep up with the cost of payments to own them. Attom Data Solutions’s great visual explores the affordability numbers in each location as it relates to slower wage growth that makes it increasingly harder for everyone to be a homeowner.
Previous generations were further ahead financially than us millennials at the same age. This chart shows the average wealth by age for the baby boomers, generation X, and millennials, and how far behind millennials are in accumulating wealth versus the previous generations.
In the conclusion of our three-part series, we explore the four tools used to get out of a recession or depression, how to get the economy back on track, and the rules for us personally to prosper in this economic system we live in.
In our Part 2 series of how the economy and cycles work, we keep exploring different facets of how Ray Dalio describes inflation, deflation, recessions, depressions, debt cycles, bubbles bursting, and how the government and central banks operate to try to turn things around.
When we better understand the economic system we live in, we can continuously make better decisions for ourselves and our lives. This three part series helps to explain why Ray Dalio’s How The Economic Machine Video is one of the best ways out there to quickly understand the world we live in from a financial & behavioral perspective, and what we can watch out for, along with what to do about it to not only keep ourselves out of hot water, but to thrive in prosperity.