The Recovery? 01/20/2010
MONDAY, DECEMBER 7, 2009 The Recovery! Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can't make the minimum payment on their credit cards. One in seven mortgages is in default or foreclosure. One in four mortgages which was "Modified" to lower the payments and interest is back in default. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down. Municipalities debt if factually rated would have junk status and many would default. Incomes have risen 1.6% the last 10 years while inflation, (the governments version) has risen over 30%. And Wall Street is set to pay themselves bonuses 30% higher than the record 2007 bonuses while the stock market is still 30% below its October 2007 high. ? CommentsLeave a Reply | FREE SUBSCRIPTION!Receive Emailed Articles as they are Posted. Click Below on RSS Feed!Jason's Thoughts!My goal is to use this format to bring important and timely ideas to the surface on recent events which I feel will affect all of us financially. ArchivesFebruary 2012 Categories |
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