If you don’t think these statistics will have more of a bearing on this November’s election results than President Obama’s stances on gay marriage, free contraception, etc., then you’re fooling yourself. From a USA Today story:
- “One out of five families owes more on credit cards, medical bills, student loans and other unsecured debt than they have in savings … “
- “[T]he number of families surveyed at the end of 2011 that have no savings at all increased to 23.4 percent, compared with 18.5 percent in 2009.”
- “Among homeowners, 1.7 percent said that they expect to fall behind on their mortgage payments in the near future … slightly less than in 2009, when 1.9 percent expected to run into mortgage problems.”
- “Sixty percent of workers say that the value of their savings and investments is less than $25,000 … retirement confidence is at historically low levels.”
- “[N]early half of families say they have no debt at all from credit cards and other unsecured loans, the same percentage
Continue reading Economic security still non-existent for many Americans »