Relevant:
- The suffocation of unsustainable global debt -- Total global debt is now over $190 trillion and more than three times global GDP.
- How to bankrupt a generation of young Americans in four steps -- young Americans living at home surges by 50 percent from 2005.
- Welcome back debt! Total household debt shot up by $63 bln last quarter with total back over $12.35 tn
- Healthcare jobs expand servicing many older Americans with little to no savings -- Since the recession started top employment fields related to healthcare.
- Fed Needs to Pump Trillions More Into Economy: Analyst
2012-07-07 — mybudget360.com
There are four big ships that are on path that will continue to create a sluggish economy. Total credit market debt is now above $55 trillion yet US GDP is at $15 trillion. If you look at the employment market you have a flood of lower paying jobs for a massive workforce that needs to retool. Many are being lured into college debt machines just for the sake of going back to school. As these items combine you have a case of persistent long-term unemployment and an older generation now relying on a younger less affluent generation
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