The Economic Collapse Blog by Michael Snyder Could you imagine spending the holidays in a homeless shelter, in a tent city surrounded by drug addicts and prostitutes, or in a sleeping bag on the cold, hard streets of an urban jungle? Unfortunately, that is what real life looks like for an increasing number of… Read More What It Feels Like To Be Homeless For The Holidays In America
The Economic Collapse Blog by Michael Snyder Just like during the last economic crisis, homeless encampments are popping up all over the nation as poverty grows at a very alarming rate. According to the Department of Housing and Urban Development, more than half a million people are homeless in America right now, but that… Read More Tent Cities Full Of Homeless People Are Booming In Cities All Over America As Poverty Spikes
The Economic Collapse Blog by Michael Snyder Why are so many men in their prime working years unemployed? The Obama administration would have us believe that unemployment is low in this country, but that is not true at all. In fact, one author quoted by NPR says that “it’s kind of worse than it… Read More The Percentage Of Working Age Men That Do Not Have A Job Is Similar To The Great Depression
The Economic Collapse Blog by Michael Snyder In America today, more than 60 million people live in multi-generational households. That number is so large that it may seem difficult to believe, but the truth is that vast numbers of young adults have had to move back in with their parents and grandparents in recent… Read More Overwhelmed By Debt, Nearly 1 In 5 Young Adults Live With Their Parents Or Grandparents
The Economic Collapse Blog by Michael Snyder Happy days are here again? On Friday, the mainstream media was buzzing with the news that the U.S. economy had added 255,000 jobs during the month of July. But as you will see below, the U.S. economy did not add 255,000 jobs during the month of July.… Read More Why The Jobs Report Is Not Nearly As Strong As You Are Being Told
The Great Recession Blog by David Haggith In the fall of 2015, I said the Federal Reserve would raise interest rates once in December then would not be able to fly any higher thereafter. The stock market would crash shortly after the Fed pulled up on the interest stick (which it did in what became the… Read More Why Janet Ain’t Yellin’ “Higher Interest” Anymore: Jobs Worse than Expected and Far Worse than Reported
The Economic Collapse by Michael Snyder This is exactly what we have been expecting to happen. On Friday, the Bureau of Labor Statistics announced that the U.S. economy only added 38,000 jobs in May. This was way below the 158,000 jobs that analysts were projecting, and it is also way below what is needed… Read More Worst Jobs Report In Nearly 6 Years – 102 Million Working Age Americans Do Not Have Jobs
