Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

United States Treasury Department Debt Ceiling

The Debt Ceiling 101 – An Explanation for the Average Person

It’s time we talk about the debt ceiling and what a debt ceiling default would mean for the United States.  I’ve avoided this conversation because I was hopeful we would never end up here, again, after the last round of stupidity.  I’ve also avoided discussing the on-going shutdown of the Federal Government, despite some strong…

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Successful People Want to Marry Other Successful People

Income Inequality Is Partially Caused By Women Joining the Work Force

We’ve talked about income inequality a couple of years ago; specifically touching on the role of marriage patterns and assortative mating in household income levels.  We’ve also discussed the economics of assortative mating more directly – the deeply ingrained tendency of people to marry other people like themselves with similar educational backgrounds, cultural values, personalities, and career orientations. One interesting result of this is that the women’s liberation movement in the 1960s and 1970s planted seeds of radical income inequality that are just now coming to fruition. Of course, it’s not the only cause of income inequality, but it certainly does play a meaningful role in the gap that has developed between the well-heeled and the penurious.

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Life in the United States

You Wouldn’t Realize How Amazing Life Is in the United States By the Media Coverage

I’ve been thinking about life in the United States.  We are a massive nation that generates $15 trillion in wealth every year.  We have consolidated assets (personal, corporate, and government) of more than $200 trillion.  Our natural resources are abundant.  Our military power immense.   Going further, take a moment to consider the following: The S&P…

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Net Worth and Income By Education Level

Household Income, Net Worth, and Unemployment Rates By Education Level

The most recent statistics on household income, net worth, and unemployment, sorted by education level, are really interesting.  Following our discussion about the splits that have emerged along geographic fault lines in the electoral body, I thought it would be important to highlight the economic differences and how enormous the income inequality is for the…

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Education and Affluence

New Study Finds The Ability to Delay Gratification Correlates with the Reliability of Adults in a Child’s Life

Whether or not a person is capable of waiting for rewards, and thus succeeding in things that require long-term planning such as investing, money management, completing higher education, and sticking with difficult projects for the promise of richer payouts, may not be due to willpower alone.  In a new study, researchers Celeste Kidd, Holly Palmeri,…

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Synthetic Gemstones

Synthetic Gemstones vs. Natural Gemstones

I’ve spent a big part of today doing investment research on synthetic gemstones vs natural gemstones.  Following the recent reading foray into the world of jewelry retailing, distributing, and mining, I kept coming across a company called Chatham.  They had reportedly perfected the art of manufacturing gemstones such as rubies and sapphires inside of a…

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory