#6 Sadly, only 36 percent of American adults under the age of 35 currently own a home. That is the lowest level that has ever been recorded.
#7 According to one new study, half of all college graduates are still relying on their parents financially when they are two years out of school.
#8 The number of planned job cuts by U.S. employers is on the rise again…
Job cuts climbed to the highest level in more than a year, as U.S.-based employers announced plans to reduce payrolls by 52,961 in May, according to a report from Challenger, Gray & Christmas.
#9 Right now, one out of every six men in their prime working years (25 to 54) do not have a job.
#10 The percentage of Americans not in the labor force is still at a 36 year high.
#11 53 percent of wage earners in the United States make less than $30,000 a year.
#12 The average age of vehicles on America’s roads has hit an all-time high of 11.4 years. Are we making them better or is it just that people simply cannot afford to buy new vehicles anymore?
#13 According to Pulitzer prize-winning reporter David Cay Johnston, the economic recovery following the depths of the Great Depression was far superior to what we are experiencing today…
The most eye-opening measure of how poorly the vast majority are faring these days comes from comparing the periods after the Great Recession and the Great Depression.
The 90 percent, the vast majority, saw their income decline in 2012 compared with 2009, the year the Great Recession officially ended. Average annual income was down $556, or almost 2 percent, adjusted for inflation, to $30,997.
But in 1936, three years after the Great Depression ended, the vast majority enjoyed 31 percent more income than in 1933. The average increase, in today’s dollars, was $2,146 per household.
#14 The U.S. economy did not experience any economic growth during the first quarter of 2014. In fact, it actually contracted.