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The alarming statistics that show the U.S. economy isn’t as good as it seems
| — reveal just how unstable life remains for a large number of people. Here's a rundown of the key findings:
Forty percent of American adults don't have enough savings to cover a $400 emergency expense such as an unexpected medical bill, car problem or home repair.
>Forty-three percent of households can't afford the basics to live, meaning they aren't earning enough to cover the combined costs of housing, food, child care, health care, transportation and a cellphone,
| >according to the United Way study. Researchers looked at the data by county to adjust for lower costs in some parts of the country.
>More than a quarter of adults skipped necessary medical care last year because they couldn't afford it.
>Twenty-two percent of adults aren't able to pay all of their bills every month.
>Only 38 percent of non-retired Americans think their retirement savings is “on track.”
| “We have a ‘Two Realities’ economy in America,” said William Rodgers, a professor at Rutgers University and chief economist at the Heldrich Center for Workforce Development. “One segment has truly recovered from the Great Recession and is at full employment. The other continues to experience stagnating wages, involuntary part-time employment, inflexible work schedules and weaker access to health care.”
| President Trump and many Republicans in Congress are focused on getting people back to work with the belief that once people have jobs they will be able to lift themselves out of poverty. But a growing body of research like the Fed and United Way studies and anecdotes from people working on the front lines at food banks and shelters indicates that a job is no longer enough.
| Wages in the United States, especially for workers who aren't managers, have stagnated for two decades, making it difficult to save for emergencies, let alone save to buy a home or take extra classes to get ahead.
D'Amato has worked at food banks and pantries since 1979, but she says she's never seen it like it is today with so many people with jobs but still unable to survive.
| October and November were the highest food bank usage on record for her organization, a reminder that many are still not stable years after the Great Recession officially ended in 2009.
https://www.washingtonpost.com/news/wonk/wp/2018/05/25/the-alarming-statistics-that-show-the-u-s-economy-isnt-as-good-as-it-seems/?utm_term=.dfb3ceba63ca
| yeah i wouldnt call this alarming
| Well, the only things the USA exports on a world competing level are weapons and popculture. No one in the world would import technology or food from the USA, since they suck.
(Reminder that companies like Apple, Microsoft, Facebook, etc. don't export or even produce real technology, they just do a bit design, marketing and sales with stupid licences and patents)
| >>306428 That's not true though. The US is one of the main producers of chipsets in the world. The only other country being able to come to a production close to that level being China.
| I went to work in China cause the US job market is shit
| We already knew the economy was shit, are you saying it's even worse than we thought?
| >>306431
In the last 10 years I did not see any hardware, not even chips, labeled with "made in usa". The last time I saw it were some microchips in the early 00s, that already existed in the 80s.
I think, beside marketing, design and platform engineering/development, they produce only prototypes in silicon valley. Mass production is offshored to Asia.
| >>306603
Mc Donalds is just a franchise from an multinational company that once had is origin in the usa. As I said: the usa, beside weapons and conflicts, only export marketing concepts and popculture in a mentionable ammount. Also mc donalds in europe has much higher quality standards than in the USA and they are under massive pressure changing their concept/image to more healthynes and sustainability.
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| The U.S. economy has a problem. The usual economic bench marks look really good: America in 2018 is enjoying faster growth, low unemployment, record numbers of job openings and a stock market near an all-time high. Yet an alarming number of Americans are still struggling to get by.
In the past week, two reports — a new Federal Reserve survey of more than 12,200 Americans about their finances and a new United Way report on financial hardship