We are living through some really challenging times. This video clip captures the evolution of the unemployment epidemic that has been sweeping America for the past two years. Also sobering to realize that the percentage of people under-employed is actually even higher than the US in most other countries around the world:
Hat tip: The Big Picture Blog
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Cory’s Chart Corner
Load MoreNot sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1
Thorsten Froehlich @FroehlichThors1I mean - guys - this is real
since 1 April 2021, post COVID
(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)_________________________
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Detroit
http://globaleconomicanalysis.blogspot.com/2010/04/detroit-bankruptcy-looms-with-deficit.html