Tag: money

  • Passing the Buck: Why We Pay More But Make LessPart 5: The Auto Trap

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    Part 5 of Passing the Buck, a 15-part series on why we make less but pay more. The first four installments traced cost shifts inside relatively well-defined transactions — wages versus productivity, employer-to-worker benefit transfers, overdraft fees, credit card interest. This one is harder, because the cost being passed to households is built into the…

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  • Passing the Buck: Why We Pay More But Make Less. Part 4: Credit Cards

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    Part 4 of Passing the Buck, a 15-part series on why we make less but pay more. Part 3 looked at the overdraft side of consumer banking. This one looks at the other side of the same relationship — the credit card. Most of the largest credit card issuers in the United States are also…

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  • Passing the Buck: Why We Make Less But Pay More. Part 3: Banking Fees

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    Part 3 of Passing the Buck, a 15-part series on why we make less but pay more. In Parts 1 and 2 I walked through the picture: the math on a typical American household has tightened over fifty years even as productivity has climbed, and several specific costs — housing, healthcare, higher education, transportation, retirement…

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    Even that’s Odd

  • Passing the Buck: Why We Make Less But Pay More. Part 2: The Baseline Shift

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    Part 2 of Passing the Buck, a 15-part series on why we make less but pay more. In Part 1 I walked through the math on one specific case — a nurse making $77,000 a year, doing everything right, with $625 a month left after mandatory expenses. The argument was that the math has gotten…

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  • Passing the Buck: Why We Make Less But Pay More. Part 1: The Impossible Math

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    Part 1 of Passing the Buck, a 15-part series on why we make less but pay more. A few years ago I started keeping a list. It began with a conversation at the field after one of Henry’s games. A guy I have known for a decade — coaches another team, runs a small landscaping…

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  • BrokeCon by Design Part 9: Immobility Nightmare: How Three Failed Systems Killed the American Dream

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    The Door Is Already Locked Say you’re thirty-two. You have an idea for a business. Maybe a good one, maybe not, but you want to find out. So you sit down and run the numbers. The first thing that kills it is the healthcare math. Your employer pays most of your premium right now. Walk…

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    Even that’s Odd