America's Economic Future – A Discussion By Ted Kavadas
In the September 18 post (“Total Household Net Worth As A Percent Of GDP 2Q 2011“) I displayed a long-term chart depicting Total Household Net Worth as a percentage of GDP. For reference purposes, here is Total Household Net Worth from a long-term perspective (from 1949:Q4 to 2011:Q2). The last value is $58.463 Trillion: The …
Yesterday CBSChicago.com had a story titled “Study Finds 1 in 5 Chicagoans Are Hungry.” Although the entire article is worthwhile, I find the following excerpts to be most notable (and disconcerting): The Greater Chicago Food Depository has, for the first time, done a neighborhood-by-neighborhood breakdown of hunger in the Chicago area. As WBBM’s Mike Krauser …
This post is an update to previous posts concerning food stamps. The program is officially called “Supplemental Nutrition Assistance Program,” or SNAP. As stated on the SNAP website, “As of Oct. 1, 2008, Supplemental Nutrition Assistance Program (SNAP) is the new name for the federal Food Stamp Program.” The data was last updated September 1, 2011, reflecting June 2011 levels. …
The following chart is from the CalculatedRisk blog post of September 16, 2011 titled “Q2 Flow of Funds: Household Real Estate assets off $6.6 trillion from peak.” It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 2Q 2011 report: (click on chart to enlarge image) …
On September 13, Gallup released a poll titled “Upper-Income Americans’ Economic Confidence Shaken.” I find this poll interesting for a variety of reasons. A few excerpts of note: Upper-income Americans’ economic confidence was badly shaken in August, with 80% saying the economy is “getting worse,” up from 66% in July. This is the first month since …
In the September 20, 2010 post (“Real Median Household Income & Poverty Measures“) I highlighted the lack of significant long-term growth in Real Median Household Income. As I stated in that post: …Real Median Household Income has experienced anemic growth for decades. Doug Short, in his September 13 blog post titled “U.S. Household Incomes: A …
Yesterday saw the release of “Income, Poverty, and Health Insurance Coverage in the United States, 2010″ (pdf) from the U.S. Census Bureau. Real Median Household Income was $49,445 in 2010, as seen on page 5. On page 14, the Poverty Rate is seen at 15.1%, encompassing 46.2 million people. As seen on the chart on page …
On January 10 I wrote an article on the Seeking Alpha site titled “10 ‘Front and Center’ Problem Areas That Pose a Threat to the Economy.” From time to time I like to revisit this list as these threats remain very relevant to our current and future economic situation. The European Debt Crisis was listed …
In the September 20, 2010 post (“Real Median Household Income & Poverty Measures“) I highlighted the lack of significant long-term growth in Real Median Household Income. As I stated in that post: …Real Median Household Income has experienced anemic growth for decades. Doug Short, in his August 30 blog post titled “U.S. Household Incomes: A …
In yesterday’s post (“4 Confidence Charts – August 2011“) I displayed four charts indicating various long-term consumer and small business confidence readings as compared to the S&P500. Doug Short had a blog post of August 30 (“Conference Board: Consumer Confidence Does a Cliff Dive“) in which he presents the Conference Board and University of Michigan …