After all that's happened in the past half-decade, why can't economists look around? The housing bubble took an extraordinary toll on American households, but economists have yet to meaningfully grapple with its impact.
In the greatest economic crisis that the United States has faced since the Great Depression, the rich barely lost a nickel. But the poor definitely got poorer. And people in the middle were crushed.
The problem with the Orman-Ramsey theory of how term life would carry young Americans to their old age, is that it differs quite markedly from reality.
Last week the Federal Reserve released the results of the latest Survey of Consumer Finances, a triennial report on the assets and liabilities of Amer...