Economic Inequality & Generational Disparities Could Equal Deepening Divisions

In the 2009-2019 decade following The Great Financial Crisis, the top 5% experienced the greatest income increase of all Americans, further widening income disparities between the top and everyone else. Contributing to the wealth gap, during the same 2009-2019 decade, Millennials racked up nearly $893 billion in student loan debt to purchase college degrees as they chased economic prosperity, further…

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The American Dream in Trouble

The costs of childcare and college have outpaced wage increases in the past 20 years. So, a growing percentage of a family’s budget is spent caring for children, including paying for educational opportunities, like extracurricular activities as well as college tuition, in hopes of propelling kids toward a sustainable economic prosperity. Yet, as more of the family income is spent…

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The Shrinking American Middle Class, Part 3

The American middle class is shrinking in comparison to nations around the world. Yesterday, I proffered the view that those Americans wishing to sustain or aspiring to achieve a middle class standard of living may not be obtaining the academic preparation necessary, especially as indicated by their average performance on international educational assessments. Yet, their middling academic attainment does not…

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The Shrinking American Middle Class, Part 2

Like I posited a few days ago, “Why is the American middle class shrinking?” Firstly, it can be argued that personal success, whether economic or humanistic, requires the acquisition of knowledge and the application of such knowledge. However, rote memorization and regurgitation on cue, skills necessary to compete in the modern American academic meritocracy, yet often devoid of higher order…

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Teenage Unemployment Blues

Many high school and college students, who are normally camp counselors, are unemployed as many in-person and residential summer programs were cancelled. While a financial deficit for many students in the short term, cascading consequences may also affect students’ prosperity in the long term.  On May 24, Patrick Thomas of The Wall Street Journal wrote an article chronicling the current…

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Delayed Economic Vitality

As the Class of 2020 commences, into what economic state do they commence? As reported by Courtney Weaver in the Financial Times on May 28, 2020: With US unemployment at its highest level since the second world war and the country still grappling with the economic fallout of coronavirus, university graduates are watching start dates be deferred, internships cancelled and…

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Middle Class Wealth Erosion Set to Continue

The above chart depicts that the wealthiest and upper middle class have not only regained their wealth previous to the 2008 recession, but gained greater wealth, at the expense of the middle class and poorest classes. And, now, middle class and poorer families are facing an even greater economic downturn that has yet to be even defined in scope, though…

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A Chance to Ask Why

Since K-12 and college students are “distance learning” for the remainder of the 2020-21 school year, and the majority of extracurricular activities have also been cancelled, students are sharing that they’re “bored, but don’t know what to do.” Additionally, some parents worry that their kids’ aren’t “productive with their time.” So, to take advantage of the additional time and be…

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More Economic Difficulties for Gen Z and Millennials

Graph courtesy of The Wall Street Journal Current college students, many who find themselves at home though would rather be finishing their school year on college campuses around the country, will be confronting along with their older colleagues who graduated college in 2019, 2018, a possibly more complicated problem that of protracted unemployment. In addition, the long term economic outlook…

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“Graduating by default”

In a recent text exchange with Tyler, a graduating senior at a large California state college, we discussed what he’s learning during his final college semester, given his campus is now closed and his professors are learning to teach via an unfamiliar digital learning modality. The following is an excerpt of our conversation: Since Tyler is taking his final Business…

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