Even in the professional sport’s early years, star players could earn salaries that tripled what the average American worker earned. As earning potential picked up among professional hockey stars over the next century, the best-paid players in the National Hockey League (NHL) were earning hundreds of times what the average American family made in a […]
Not all that long ago, the massive contracts awarded to today’s top NFL players would have been unthinkable. When pro football was in its infancy, salaries weren’t lucrative. The very first athlete to earn money for playing a game of football made just $500. For decades, professional football players routinely worked “regular” jobs in the […]
When professional basketball in the United States was in its infancy, star players made about 2.5 times what the average family made in a year. Today, the highest-paid players in the National Basketball Association earn more than 600 times the median family’s income for the year. In basketball, as in other sports, the salaries of […]
While we recognize the importance of saving, far too many Americans either don’t prioritize saving or simply lack the financial flexibility to create and keep a sufficient savings strategy. Read on for a look at the reasons that so many Americans struggle to save.
After a long and dreary winter, baseball season is finally underway—just in time for the news that inflation has hit a 40-year high. The salaries of our favorite baseball players are subject to their own sort of inflation. This particular inflation rate towers over the Consumer Price Index (CPI) typically used to quantify inflation. Since […]
The phrase “knowledge economy” has gained increasing currency in recent years, but what exactly is the knowledge economy? And where did this concept come from? In the simplest terms, the knowledge economy refers to a modern system of economics in which intellectual capital and intellectual property form a central component of both the labor and production markets. Read on to learn more about the knowledge economy, and how you can be a part of it.
The gig economy is a rapidly expanding slice of the U.S. labor market represents. From the proliferation of web and mobile technology, which enables so many of us to work when and where we wish, to shifting cultural values and greater generational interest in a meaningful work-life balance, the growth of the gig economy represents a confluence of factors. But what is the gig economy, what are the benefits of participation in this labor market, and is it the right move for you? Read on to learn more about the gig economy.
and sustained inflationary trends in at least 30 years, the cost of living is going up. You can feel the effects when you buy groceries, when you fill up at the pump, and of course, every month when you pay your gas and electric bills. The U.S. Energy Information Administration (EIA) reports that “natural gas prices trended higher over the last year. The delivered cost of natural gas to electricity generators grew from $3.19/MMBtu in January 2021 to an estimated $5.04/MMBtu in the fourth quarter of 2021.” The price of keeping the lights on and the heat flowing is getting higher and unfortunately, we aren’t likely to see much relief as we descend into the heart of another cold winter. There are, however, steps you can take to lower the impact on your own household.
This article is the first in a three-part series explaining why the economic inflation we are experiencing was all-too-predictable, and outlining the things that ordinary citizens can do by way of self-protection to hedge against it and enhance their finances. The first topic of discussion will be government mismanagement of the money supply and the […]
At this point, we probably don’t need to tell you that we’re living through a period of sustained inflation. Your grocery bills already tell you everything you need to know. In December 2021, the Bureau of Labor Statistics (BLS) reported a 6.8% rise in the Consumer Price Index (CPI) over the previous year. Americans are […]