FACT: The stock market is where it was 10 years ago, with economists calling this the “lost decade”.
FACT: There’s about 50% unemployment amongst college grads of the last four years right now, with an average annual income of $40,000 for those lucky enough to have found a job.
FACT: Nearly 30% of British and Americans are “under water” where they owe more than their home is worth.
FACT: Household income is back to where it was ten years ago.
FACT: There is a small number of people who are not at all affected by any of this and are doing better financially then ever before! – How about Six Figures A Month!
Crazy or What?
“Job Security” no longer exists. Corporate and government layoffs/redundancies and downsizing will continue at this rate of economic “growth”.
The unemployment rate stands at 8%+ with not much hope in sight. It’s been this way for several years.
Ask just about anybody about the health of the economy, and the first thing they’ll probably say is that underemployment is a HUGE problem.
Combine that with the current state of the economy (now, and for the foreseeable future), and some people are beginning to realise that the only thing they can count on is themselves.
We think they’re the smart ones.
The jobs are not coming back. Anything and anyone that can be replaced with a computer (or outsourced to another country) probably will be.
We’re all in a tough spot but if you are one of the braver souls, less sheep like than most you can do something about it for yourself…