The persistent and sticky unemployment of the American worker – To get back to 5 percent unemployment we would need to add 285,000 jobs per month for 5 consecutive years.
The biggest problem facing many working and middle class families is the structural changes in our employment base. By this point in any “recovery†the private sector would be adding a tremendous amount of jobs. Yet there really is very little recovery for the typical American. The stock market is performing “well†for the moment […]
The privateers of education – How banks collude with the government to inflate college costs. Student loan debt now surpasses total credit card debt.
One of the more ominous statistics coming from this recession is that student loan debt has now surpassed total credit card debt in the United States. The reason for this is based on the deep impact of the recession. Credit card debt peak at $975 billion back in September of 2008 and is now down […]
How we lost 1.3 million households from 2008 to 2009. New Census figures show a large decrease in U.S. household count.
Preliminary Census data is now coming out showing the effects of the recession on a macro scale. The 2008 Census figures don’t highlight the deep capital loss that was experienced by middle class families over the last two years. We now have data showing how deep the recession has gotten. From 2008 to 2009 the […]
The Struggling Class – The emergence of consistent poverty. How the other half live financially. 40 million Americans on food assistance and large unbanked population. Family Dollar up over 80 percent through the recession.
It is disturbing to see many articles published in foreign newspapers and magazines highlighting the plight of the middle class in America. You would think that our own media would want to cover this issue which should be at the top of the list for everyone. Instead, our mainstream media systematically attempts to keep everyone […]