IPFS News Link • Economy - Economics USA
IPFS News Link • Economy - Economics USA
The stories that you are about to read are absolutely heartbreaking. I
don't know how anyone can read them without getting chills. In America
today, if you lose a good job, there is a good chance that you will get
back on your feet before too long. But there is also a good chance that
you won't be able to find a decent job and will plunge into the abyss
of depression and desperation that so many millions of other Americans
have fallen into. As I wrote about earlier this month,
the U.S. economy is definitely not getting any better. For example, if
you assume that the percentage of Americans that want to work is about
at the long term average, then the official unemployment rate in the
United States would be above 11 percent. And compared to six years ago, 1,154,000 fewer Americans are working today even though our population has gotten significantly
larger since then. Behind all of these numbers are real flesh and blood
people, and you are about to hear from some of them. The following are
10 stories from the cold, hard streets of America that will break your
heart...