. According to a Gallup poll that was recently released, 20.0% of all Americans did not have enough money to buy food that they or their families needed at some point over the past year. That is just under the record of 20.4% that was set back in November 2008....
According to a Feeding America hunger study, more than 37 million Americans are now being served by food pantries and soup kitchens.
. It has been reported that 4 out of every 5 adults in the United States "struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives
2--Abenomics--One year later, zero hedge
Stocks up, wages down, inflation up, trade deficit way up, taxes higher and core inflation barely zero.
One year later and due mainly to the fact the Japanese stock market has risen an astounding 70% year-over-year...Abe has managed to devalue his nation's currency by 25.5% against the USD in that time ...Job creation remains stifled, inflation is rising (but thanks to import prices) and wages languish down 0.9% as the trade balance is collapsing
...inflation has broken into positive territory after many years below zero. Unfortunately, much of this change has been due to the rise in import prices, which will be a one-off boost unless wages rise in response, which they are not yet doing. Core inflation is barely at zero....
The great unknown for Mr Abe and his successors is whether this fiscal tightening can be accomplished without tipping the economy back into recession.
3---Economic Confidence Ends Month Still Deeply Negative, Gallup
Improvement is slow after mid-month, shutdown-induced plunge
5---NYSE Margin Debt at Record High, Big Picture
. Do you think the fact that the broad stock market was priced at about 20% of the value of GDP in 1980–whereas it is now priced at about 120% of GDP–might be an important consideration? Might that make a difference when considering margin debt level sustainability? And I’m to tell myself ‘this is like 1980′?
6---A complete disaster, economists view
Dean Baker reminds us that:
... The United States is still down almost 9m jobs from its trend path. We are losing close to $1tn a year in potential output, with cumulative losses to date approaching $5tn.
These numbers correspond to millions of dreams ruined. Families who struggled to save enough to buy a home lost it when house prices plunged or they lost their jobs. Many older workers lose their job with little hope of ever finding another one, even though they are ill-prepared for retirement; young people getting out of school are facing the worst job market since the Great Depression, while buried in student loan debt. ...
From Comments: Medical costs at 25% of disposable income and 41% of public and private wages and salaries.