Today, we're going to follow up an observation we made when we examined the major trends for how the consumer spending patterns of Americans has changed from 1984 through the present, where we observed that since 2009, increases in expenditures for health insurance are being paid for by the reduced consumption of entertainment.
Some time ago, we recognized that the number of companies acting to cut their dividends each month seemed to be a very good and simple predictor of the near real time state of the U.S. economy.
We've been exploring data found in the U.S. Bureau of Labor Statistics and U.S. Census Bureau's Consumer Expenditure Survey, which has provided a window into the annual consumer expenditures of American households (or rather, "consumer units") since 1984. Today, we thought it was time to take a look at how the major categories of that spending has evolved over the thirty years for which we have data.
Unlike a lot of analysts, we've always approached the Patient Protection and Affordable Care Act, which is perhaps better known as "Obamacare", from the perspective of personal finance.
What we discover is that over time, GDP has become less and less indicative of the quality of life of American consumer units/households.
Going by the international trade data collected by the U.S. Census Bureau, it appears that the U.S. economy joined China in experiencing contraction in January 2015.
That extension in harmful economic policies was made possible by the scorched earth campaign of political protests launched by the state's Democratic party...
Where do Americans get the income they earn each year?
Aren't Hollywood actors supposed to be among the most ardent supporters of left wing causes?
What is the truth behind Gov. Scott Walker's Wisconsin?
Of all the things we never expected to find ourselves doing, providing policy guidance to the Federal Reserve is probably at the top of the list.
What the world needs now is a better snow plow.
How much might President Obama's executive action to "legalize" the immigration status of an estimated 5 million non-U.S. citizens who unlawfully entered the United States cost U.S. taxpayers?
We found an interesting correlation between how Brent crude oil prices have changed and the value of the S&P 500 since the beginning of 2015.
Want to see what a structural change in the U.S. economy looks like?
Say what you will about the relationship between atmospheric carbon dioxide and increasingly questionable global temperature trends, but maybe CO2 can be used for a better purpose... Like measuring the state of the global economy!
Greece's new Prime Minister, Alexis Tsipras, has started to lay out more detailed proposals to address Greece's economic situation, in which the nation finds itself both unable to pay back the money it has been borrowing to keep its government afloat and to grow its economy.
As expected, China's economy rebounded a bit in December 2014. However, the size the rebound indicates that the nation's economic distress is continuing.
How much would the U.S. federal government need to spend per household to even come close to balancing the annual U.S. federal budget?
Greece has many problems, but perhaps the biggest problem that nation has had to cope with is the extremely poor leadership it has had since 2007.