Shocking Information on the American Economy

Economy 01

Right now, there are approximately 40 million Americans that are paying off student loan debt. For many of them, they will keep making payments on this debt until they are senior citizens.

Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.

These days, most Americans are living paycheck to paycheck. At this point 62 percent of all Americans have less than 1,000 dollars in their savings accounts, and 21 percent of all Americans do not have a savings account at all.

It has been estimated that 43 percent of all American households spend more money than they make each month.

A recent nationwide survey discovered that 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.

Traditionally, entrepreneurship has been one of the primary engines that has fueled the growth of the middle class in the United States, but today the level of entrepreneurship in this country is sitting at an all-time low.

For each of the past six years, more businesses have closed in the United States than have opened. Prior to 2008, this had never happened before in all of U.S. history. Hmmmm what happened in 2008 I wonder.

If you have no debt and you also have ten dollars in your pocket, that gives you a greater net worth than about 25 percent of all Americans.

An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.

The number of homeless children in the U.S. has increased by 60 percent over the past six years. Hmmmm I wonder why the President does nothing to help them but instead opens the borders to foreign children giving them full benefits.

Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”. Obamaville? What do you want to bet this will be the first news story if Trump wins…All the homeless?

There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.4 million working age Americans that are considered to be “not in the labor force”. When you add those two numbers together, you get a grand total of 102.3 million working age Americans that do not have a job right now.

According to John Williams of shadowstats.com, if the U.S. government was actually using honest numbers the unemployment rate in this nation would be 22.9 percent.

Wholesale sales in the U.S. have fallen to the lowest level since the last recession.

Orders for “core” durable goods have fallen for ten months in a row.

Wal-Mart is projecting that its earnings may fall by as much as 12 percent during the next fiscal year.

Holiday sales have gone negative for the first time since the last recession.

The inventory to sales ratio has risen to the highest level since the last recession. This means that there is a whole lot of unsold inventory that is just sitting around out there and not selling.

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