Sunday, February 7, 2010

The Death of the Middle Class

Mybudget 360 provides interesting analyses of factors shaping US households' budgets. Their current post argues that 1 in 10 Americans is now dependent upon food stamps. The link above is well worth reading.

I read in the Arizona Republic yesterday (Saturday Feb 6) that over 52% of the states babies are born under the state's Medicaid program!

The federal government's broadest figure for unemployment, the U6 figure, is over 17%!

The WSJ reported on 2/3/2010 that 1 in 8 Americans used food banks in 2009.

The WSJ also reported on 2/3/2010 that consumer bankruptcies rose 15% in January, year over year.

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