A Picture Is Worth A 1,000 Words

Yesterday we wrote about the typical American family and their economic struggles. Today we share with you a picture (thanks, Coly) that does a much better job of describing the growing income divide in our country so much better than I ever could!Pretax income growth in the United StatesAs I stated yesterday, the movement to defined contribution plans from defined benefit plans has failed, and it will continue to fail, as long as a huge segment of our working population continues to be left behind!

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NYC Mortgage Delinquencies Elevated, Again?

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What Rate Rise?