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Just Five Very Clear Charts – What An Economic Depression Looks Like:

Published:

Just Five Very Clear Charts – What An Economic Depression Looks Like:

Tuesday, April 2, 2013
 

 

First, the American workforce is far smaller than it was before the 2008 economic collapse, even though the number of Americans of working age has increased by several millions:

 

  Second, the people who are lucky enough to be gainfully employed are earning less:

Third, with far fewer people employed, those who are employed are earning less, the long-term unemployed and underemployed are depleting their savings and the number of Americans living in poverty continues to grow:

Fourth, with the employed earning less, millions of unemployed and underemployed depleting their savings, and interest rates at record lows, Americans are saving less and less:

Finally, the number of Americans dependent on the government for basic survival has grown by the tens of millions – and these are the people who vote them back in...

SOURCE HERE

Entry #493

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