Rather than settle for the paltry yields these other investments offer, investors have been increasingly looking to income stocks instead. But this presents pitfalls of its own.
Dozens of countries are growing their economies at faster rates than the United States. The CIA World Factbook ranks the United States near the bottom in world gross domestic product growth -- number 172 of 214 countries/territories. That's not all.
Each year in the United States, an estimated 6.1 billion hours are spent complying with the federal tax code. I'm pretty sure at least half of those hours are spent by me.
All-American rocker Bruce Springsteen has taken to the pages of Rolling Stone magazine to lament the existence of income inequality in our country today: “You cannot have a social contract with the enormous income disparity — you’re going to slice the country down the middle. It’s not going to hold.”
Funny thing happened at the grocery store. Seems the rising gas and oil prices resulted in the highest food inflation in twenty years. But not to worry, your government tells you there’s no inflation. Bye, bye disposable income.