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Notes From the Fieldby Martin Weil

June 15, 2012

Just When You Thought Things Were Getting Better

Comes this quite depressing list of economic statistics by David Rosenberg reprinted in MSN Money

• Forty-five million Americans (one in seven) are on food stamps.

• One in seven is unemployed or underemployed.

• The percentage of those out of work defined as long-term unemployed is the highest (42%) since the Great Depression.

• 54% of college graduates younger than 25 are unemployed or underemployed.

• 47% of Americans receive some form of government assistance.

• Between 2007 and 2010, median family net worth fell nearly 40%, while median inflation-adjusted incomes before taxes fell nearly 8%.

Nearly four years after the Lehman Brothers collapse, this does not make for a pretty picture. And I abbreviated the list in an act of weekend mercy.

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