Malstrom’s Articles News

Generation 8 of macro-economic hell

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This refers mostly to the United States. We know Japan and Europe aren’t doing too well either.

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A record 20.2 million American households spent more than half of their incomes on housing in 2010, according to a new study by the Joint Center for Housing Studies at Harvard University released on Thursday. That is a 13 percent increase from 2007, and a 46 percent increase from 2001, according to the study. The report examined both renters and homeowners.

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When Obama entered office in January 2009 there were 31,939,110Americans receiving food stamps.  As of November 2012—the most recent data available—there were 47,692,896 Americans enrolled, an increase of 49.3 percent.
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Since taking office in 2009, food stamp rolls under President Barack Obama have risen to more than 47 million people in America, exceeding the population of Spain.

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For the first time in history, public schools reported more than one million homeless children and youth, according to data released today by the U.S. Department of Education.

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And, for the fourth consecutive year, the United States fell in the rankings — largely because of worsening criticism of the American government — and is now in seventh place.

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Today, less than 65 percent of men have a job in the United States.

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More foreclosures and suicides occurring today than the Great Depression.

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Of those few people still working, 53% of Americans make $30,000 or less.

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The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the country’s children as poor.

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Fifteen million U.S. children, or 1 in 3, live without a father, and nearly 5 million live without a mother. In 1960, just 11 percent of American children lived in homes without fathers.

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40 percent of all American unemployed workers have been out of work for at least half a year.

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US has one of the highest number of employees working in low wage jobs of high paying industrialized nations. 1 out of 4 Americans employed work in jobs that pay less than $10 per hour

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Where is the money and customers for the market to absorb Next Generation consoles?

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