With a recovery like this, who needs a recession: 62 percent of Americans don’t even have $1000 in savings.
The stock market just hit another record high. Yet only half of Americans actually own any stock. Real estate prices are ebbing closer to their previous bubble peak. Yet the homeownership rate is down. The unemployment rate is down dramatically but we have over 94 million Americans not in the labor force. This recovery seems […]
34% of all Americans financially support the rest of the country – 112 million private sector workers support 211 million people.
The latest employment report was lackluster. The math on the employment numbers has concealed a deeper problem in the economy. Many Americans are struggling and the middle class continues to lose ground. The most startling figure coming out was that 562,000 people dropped out of the labor force. While there is a bit more information […]
Crony capitalism and the rigged system: 0.01% of households gave 33% of money raised by political parties and Congressmen. Most members of Congress are millionaires.
The system is rigged. Like a carnival game, the odds are against you. This isn’t something that started this year or last, but has been going on for many decades. As long as the media was controlled in a few hands the propaganda kept most of the public in the dark. People now have the […]
Almost Half of Americans Endure at Least One Aspect of Poverty: The Hidden Recession Continues to Hit Americans Hard.
Poverty is portrayed in a very simplistic fashion in the media. It is usually something that impacts other people far removed from your immediate family. However, poverty is incredibly widespread. This shouldn’t come as a surprise. We already know that half of the country lives paycheck to paycheck and is simply one small emergency from […]
The education and employment myth: Almost two-thirds of people in the labor force do not have a college degree.
There is an ongoing perception that most of the workforce has a college degree. When we say college degree we mean at a minimum a bachelor’s degree. You would think that with $1.3 trillion in student debt outstanding a good portion of the work force would be college educated. The opposite is the truth however. […]
Mancession: Men lost 2 times more jobs than women from the Great Recession and have gained half as many jobs since late 2007.
It should be clear that the Great Recession took a toll on most people. This is reflected in household incomes and savings. But one thing that is abundantly clear is that the Great Recession took a massive toll on male employment at a rate twice that of females. We’ll get into the charts and figures […]
1 out of 3 American households can no longer afford rent, food, and transportation. The biggest rise in expenditures comes from rising housing costs.
The driving force in this political movement is anger and many American families need only look at their bank statements to understand why. Since 2004 median income has fallen by 13% while expenditures have risen by 14% according to latest figures pulled by Pew Research. That strikes at the heart of why the middle class […]