Consequently, the emergency or fall-back jobs available to ordinary Americans pay poverty-level wages which creates economic insecurity. Thus, millions of Americans fear poverty if their business fails or they lose their current jobs.Read more
Economic insecurity in the United States is growing dramatically. This insecurity will soon lead to major economic and political changes.
Senior bankruptcy will have profound economic and political consequences. Real estate prices will collapse as desperate Baby Boomers sell their homes for peanuts. Raising Social Security payouts and expanding Medicare will become the only political issues.Read more