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HomeSpent: Looking for Change (Compelling Documentary)
Posted by Larry Doyle on June 12th, 2014 8:23 AM |
Are you aware that nearly 70 million Americans are underserved, that is effectively locked out, by traditional financial services companies? How about the fact that these underserved fellow Americans paid $89 billion — that’s right billion with a B — in interest and fees to manage their finances? What do you think of the reality that 25% of the children in America live in underbanked homes? Are you aware that almost half of all US households report that they could not come up with $2,000 in case of an emergency? Yes, almost half.
To witness some first hand accounts of people representative of so many in America struggling to make ends meet, I strongly encourage you to watch a recently released documentary that runs a little more than a half hour. I believe this film, Spent: Looking for Change, will leave a strong impression on you. It certainly did on me.
In light of the statistics shared above, there should be no real surprise why our economy continues to lag and the disconnect between Wall Street and Main Street grows ever wider. There are many reasons for these realities, but regrettably the American dream is becoming nothing more than a pipe dream for many in our nation.
What do you think?
Larry Doyle
Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.
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Looking Back to Look Forward: “What Will Happen to the American Dream?”
Posted by Larry Doyle on October 13th, 2010 8:07 AM |
How many of you reading this post feel as if life is becoming a blur, given the ongoing and unending avalanche of troubling economic news? I sense this reality becoming more and more prevalent throughout our society. I also sense that people lose track of both time and developments. Keeping a sense of balance and perspective during these challenging times is critically important. To this end, I want to go back one year and review what I wrote then in the hope it will bring these badly needed virtues into focus today. On October 12, 2009, I wrote What Will Happen to the American Dream?
The pursuit of a better life and greater opportunities have driven successive generations since the founding of our nation. Will that dream live on? Will future generations have a chance to live a better life than the current generation or recent generations? (more…)
What Will Happen to the American Dream?
Posted by Larry Doyle on October 12th, 2009 2:41 PM |
The pursuit of a better life and greater opportunities have driven successive generations since the founding of our nation. Will that dream live on? Will future generations have a chance to live a better life than the current generation or recent generations?
Is the mere talk of this pursuit of the American dream mere poppycock? Do we think we can regain our economic stature and, once again, experience true economic prosperity merely because we want to have it happen?
Many feel that success is a function of a few basic principles combined with a little bit of luck. Is it truly luck, as some may maintain? No, I think not. I have always thought of luck as nothing more than where ‘preparation meets opportunity.’
In writing on this topic, I am not so hardened to think that families can easily or fluidly pursue opportunities which would entail picking up roots and moving. That said, demographic shifts will certainly be an ongoing theme as our economy and our country adapt to the new dynamics within the ‘Uncle Sam’ economy.
While we could debate at length the merits, or lack thereof, of bank bailouts and government support across a wide array of businesses and industries, I believe a great and unmentioned cost of a number of government programs is the masking of significant structural problems embedded in both the financial and moral balance sheets of individuals, families, corporations, and the government itself. (more…)
