25% of All U.S. Workers Tapping into Their Retirement Accounts to Pay Bills
From Profit Confidential
January 22, 2013 - 1:51am
If we had economic growth in the U.S. economy, we would be experiencing an increase in the standard of living. But wherever I look in the U.S. economy, I see more people suffering. The pockets of average Americans are being squeezed like never before.
In these pages, it has been very well documented how food stamps usage has increased in the U.S. economy—47.5 million people as of October 2012, or more than 15% of the population. ( Source: United States Department of Agriculture web site, last accessed January 17, 2013.)
But this is not all. The so-called “jobs growth” and “job creation” in the U.S. economy are simply talking points for politicians and nothing more, as job creation in the U.S. economy has mainly been in sectors where wages are low, with bare minimum benefits available to the employees.
So how are Americans surviving when prices are increasing (inflation) and the...Continue reading this article »