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Business

“Is Your Income Higher Than The Average Middle-Class Household? Here’s What They’re Earning”

“According to Pew Research, the median income for middle-class households reached $106,100 in 2022. That’s a 60% jump from the $66,400 median income in 1970. While that sounds impressive, it’s worth noting that upper-income households saw an even larger increase of 78%,… Continue Reading…

Economy

[Attack The Poor] “Black taxpayers more likely to face audits, IRS confirms

“The IRS on Monday said that Black taxpayers are significantly more likely to face an IRS audit, confirming recent findings. IRS Commissioner Daniel Werfel said the agency is weighing changes to address the disparity. A study released in January by economists at Stanford University,… Continue Reading…

Economy

“Sales of Bentleys and Lamborghinis are booming because rich people are bored”

“While auto sales as a whole have suffered from factory shutdowns and other disruptions due to the pandemic, sales of super-expensive cars, like Ferraris, Bentleys and Lamborghinis, finished 2020 at a blistering pace.In the United States, overall passenger car sales… Continue Reading…

Business, Economy

“Lamborghini reports record profits in 2020, CEO teases electric future”

“Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging bull” of the… Continue Reading…

Economy

“…economy is really experiencing a middle-class boom — this data doesn’t lie”

“I recently wrote op-eds that ran in the Wall Street Journal and on these pages that showed median household incomes under Donald Trump have soared from $61,000 to an all-time high of $66,000 in less than three years… The $5,003 rise in middle-class incomes… Continue Reading…

Investing, Personal Finance

“Many college grads feel their grip on middle class loosening”

“Yet college graduates aren’t as likely as they once were to feel they belong to the middle class, according to a collaborative analysis of the 2018 General Social Survey by The Associated Press-NORC Center for Public Affairs Research and GSS… Continue Reading…

Investing, Personal Finance, Predictions, Opinions, & Comments

A Lesson In Debt: Class Is In Session

A long time ago an extremely wise person told me one of the most important lessons about debt I’ve ever heard. What he said was this: “If you owe the bank a million dollars you have a problem. If you… Continue Reading…