{"id":35133,"date":"2015-12-26T03:15:29","date_gmt":"2015-12-26T11:15:29","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=35133"},"modified":"2025-02-28T09:23:50","modified_gmt":"2025-02-28T17:23:50","slug":"black-coffee-the-dont-blink-or-youll-miss-it-edition","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id35133-black-coffee-the-dont-blink-or-youll-miss-it-edition.html","title":{"rendered":"Black Coffee: The Don&#8217;t Blink or You&#8217;ll Miss It Edition"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2015\/12\/black-coffee-christmas-123rf_com.jpeg\" rel=\"attachment wp-att-35143\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-35143\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2015\/12\/black-coffee-christmas-123rf_com.jpeg\" alt=\"black coffee christmas 123rf_com\" width=\"250\" height=\"376\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2015\/12\/black-coffee-christmas-123rf_com.jpeg 266w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2015\/12\/black-coffee-christmas-123rf_com-200x300.jpeg 200w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><em>It&#8217;s time to sit back, relax and enjoy a little joe<\/em> &#8230;<\/p>\n<p>Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance.<\/p>\n<p>I hope everyone had a great Christmas holiday. I sure did, which is why I&#8217;ve got a <em>very<\/em> abbreviated espresso edition for you this week. I know &#8212; but I&#8217;ll be back with a more traditional cup of joe for everyone next week.<\/p>\n<p>Okay, off we go &#8230;<\/p>\n<p><strong>Credits and Debits<\/strong><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> This year&#8217;s so-called El Nino weather pattern has turned the North American climate upside down with <a href=\"http:\/\/www.nytimes.com\/2015\/12\/26\/nyregion\/warm-new-york-christmas.html?_r=0\" target=\"_blank\" rel=\"noopener noreferrer\">almost-tropical temps<\/a> in the Northeast and downright cold weather here in Southern California and the rest of the West. Yes, anything below 60 degrees F is freezing in my book.<\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Heck, it was 72 degrees F in New York City on Christmas Eve. So it&#8217;s no wonder that one the biggest beneficiaries there have been the Big Apple ice cream vendors, who say <a href=\"http:\/\/newyork.cbslocal.com\/2015\/12\/24\/warm-weather-holiday\/\" target=\"_blank\" rel=\"noopener noreferrer\">sales are up<\/a> an average of 26% this month.<\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> No matter what the temperature is where you are, I want to wish everyone a very healthy, happy and prosperous New Year! I think it&#8217;s going to be a very interesting one for all of us.<\/p>\n<p><strong>Last Week&#8217;s Poll Results<\/strong><\/p>\n<p>Do you expect 2016 will be better or worse for you than 2015?<\/p>\n<ul>\n<li>Better (44%)<\/li>\n<li>About the same (31%)<\/li>\n<li>Worse (25%)<\/li>\n<\/ul>\n<p>Nearly 900 people responded to last week&#8217;s question and I&#8217;m happy to say that fully three-quarters of you expect 2016 to be either an improvement over this year &#8212; or at least no worse. I love your optimism, folks!<\/p>\n<p><strong>The Question of the Week<\/strong><\/p>\n<p><code>[poll id=\"93\"]<\/code><\/p>\n<p><strong>By the Numbers<\/strong><\/p>\n<p>Despite another year of near-trillion dollar deficits, the US economy continued its downward spiral in 2015:<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>85<\/strong><\/span><\/span> Percentage of American men who had jobs in the 1950s.<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>65<\/strong><\/span><\/span> Percentage of American men who are employed today.<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>43<\/strong><\/span><\/span> Percentage of Americans today who spend more than they make each month.<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>&#8211; $905<\/strong><\/span><\/span> Median household net wealth for the poorest 20% of Americans in 2000.<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>&#8211; $6090<\/strong><\/span><\/span> Median household net wealth for the poorest 20% of Americans in 2011.<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>19<\/strong><\/span><\/span> US worldwide rank in median wealth per adult.<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>49<\/strong><\/span><\/span>Percentage of all 25-year-old Americans who still live with their parents.<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>1,500,000<\/strong><\/span><\/span> Number of Americans who currently live on less than $2 per day &#8212; that number has doubled since 1996.<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>70<\/strong><\/span><\/span> According to a Pew survey, the percentage of Americans who now believe &#8220;debt is a necessity in their lives.&#8221;<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>$15,950<\/strong><\/span><\/span> Average credit card debt of American households with at least one credit card.<\/p>\n<p><em>Source: <a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/58-facts-about-the-u-s-economy-from-2015-that-are-almost-too-crazy-to-believe\" target=\"_blank\" rel=\"noopener noreferrer\">The Economic Collapse<\/a><\/em><\/p>\n<p><strong>Other Useless News<\/strong><\/p>\n<p>Here are the top 5 articles viewed by my <strong>8261<\/strong> RSS feed and weekly email subscribers over the past 30 days (excluding Black Coffee posts):<\/p>\n<ol>\n<li>Beware the Four Horsemen of Personal Finance<\/li>\n<li>When Is the Right Time to Stop Giving Gifts to Nieces and Nephews<\/li>\n<li><a href=\"https:\/\/lenpenzo.com\/blog\/id34186-the-5-major-money-personalities-4.html\" target=\"_blank\" rel=\"noopener\">The 5 Major Money Personalities<\/a><\/li>\n<li>The Handy Dandy Gift Guide of Practical Presents Under $25<\/li>\n<li>7 Questions You Should Always Ask When Buying New Clothes<\/li>\n<\/ol>\n<p>Hey, while you&#8217;re here, please don&#8217;t forget to:<\/p>\n<p>1. Click on that <strong>Like<\/strong> button in the sidebar to your right and <a href=\"http:\/\/www.facebook.com\/LenPenzo\">become a fan of Len Penzo dot Com on Facebook<\/a>!<\/p>\n<p>2. Make sure you <a href=\"http:\/\/twitter.com\/LenPenzo\">follow me on Twitter<\/a>!<\/p>\n<p>3. <a href=\"mailto:lenpenzolist@aweber.com\">Subscribe via email<\/a> too!<\/p>\n<p>And last, but not least &#8230;<\/p>\n<p>4. Consider becoming a <a href=\"https:\/\/lenpenzo.com\/blog\/membership-account\">Len Penzo dot Com Insider<\/a>! Thank you.<\/p>\n<p><strong>Letters, I Get Letters <\/strong><\/p>\n<p>Every week I feature the most interesting question or comment &#8212; assuming I get one, that is. And folks who are lucky enough to have the only question in the mailbag get their letter highlighted here whether it&#8217;s interesting or not! You can reach out to me at: <strong>Len@LenPenzo.com<\/strong><\/p>\n<p>After reading my post explaining why I&#8217;m not impressed by people who drive fancy cars, <strong>Linda Lee<\/strong> felt compelled to share this:<\/p>\n<blockquote><p>I have zero debt. I have an MBA in Finance. I (have) 3 BMWs: 328i, X3 and M3. I also own a 2011 28 ft Sea Ray Sundancer power cruiser and a gorgeous 3bd\/3ba downtown Chicago loop condo.<\/p><\/blockquote>\n<p><span style=\"color: #0000ff;\">Good for you. Now maybe you should consider buying some humility.<\/span><\/p>\n<p>I&#8217;m Len Penzo and I approved this message.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: 123rf.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s time to sit back, relax and enjoy a little joe &#8230; Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance. I hope everyone had a great Christmas holiday. I sure did, which is why I&#8217;ve got a very [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[472],"tags":[],"class_list":{"0":"post-35133","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commentary","8":"pmpro-has-access","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Black Coffee: The Don&#039;t Blink or You&#039;ll Miss It Edition<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id35133-black-coffee-the-dont-blink-or-youll-miss-it-edition.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Coffee: The Don&#039;t Blink or You&#039;ll Miss It Edition\" \/>\n<meta property=\"og:description\" content=\"It&#8217;s time to sit back, relax and enjoy a little joe &#8230; Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance. 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