Tuesday, July 31, 2018

Bad News USA

40 percent of Americans don’t have $400 on hand for an emergency

Two-thirds of Americans would have trouble coming up with $1,000 for an emergency.

43 percent of Americans (50 million households) can’t afford to meet their basic monthly expenses.

44 million Americans are struggling with more than $1.5 trillion in student debt. 

Others struggle to pay credit card debt, mortgages, and usurious payday loans.

AN estimated 5.3 million Americans are living in deep poverty like that of the poorest Third World countries.

 There is a recession every 6 to 7 years in the United States. If that cyclical pattern still holds, we are overdue for the next one. 

When the next recession hits, working people will pay the steepest price

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