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3 Years of Economic Growth – Are You Feeling The Prosperity?

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The chart below shows that the American economy, based on the latest GDP data, has been growing consistently higher for the last three years. Coupled with the stock market reaching new highs one may argue that America has found its groove again and that we are back on the yellow brick road to prosperity. Sadly, […]

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The Rich Get Richer and The Poor Get Poorer – An End to The American Dream?

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The graphic and data below from Bloomberg provide a stark reminder of how divergent income growth in America has been. A particularly timely topic during an election year where income inequality has had such a significant focus. The underlying data, showing a fall off in average family income, challenges the very notion of the American dream where each generation does […]

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How Much Do People Drink vs Abstain – 2011 Global Alcohol Report

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I must say I do enjoy an occasional social drink and was quite interested to see how I compare to the average drinker in a recent report that came out from the World Health Organization.  The report reaffirms some well known facts but also highlighted some worrying trends related to drinking, whether you are rich […]

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2012 Poverty Guidelines, Thresholds and Income Limits – Nearly 50 Million Americans in Poverty

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[Updated with 2012 federal poverty levels] 2012 poverty income levels have now been published. As discussed below, poverty guidelines and thresholds are two slightly different versions of the federal poverty measure. The poverty thresholds are provided by the Census Bureau and updated annually. Poverty guidelines, also updated every year, are provided by the Department of Health and Human Services (HHS). […]

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Food Stamp Program Now Supplemental Nutrition Assistance Program (SNAP). Helping to Feed Millions of Poorer Americans

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See this updated article for the latest program information, Food Stamp (SNAP) benefits and eligibility levels _________________ [Updated August 2011] The Federal Food Stamp Program is now known as the Supplemental Nutrition Assistance Program (SNAP). With the stimulus aspects of this program set to expire at the end of this year following the debt ceiling related cuts, folks need […]

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