Obama feels your pain, he’s offering 50% off on swag with his name on it. See, he is a man of the people.
(Daily Mail) — One in five Americans lost a sizeable amount of their disposable income during the recession, leaving them financially vulnerable and without many options.
The number of Americans considered ‘economically insecure’ reached a new high during the period from 2008 to 2010 which spanned what is now called the Great Recession.
This news comes just as businesses hope to increase profits amid holiday sales and Christmas shopping, but half of the U.S. population is now worried that they won’t be able to buy the presents on their list because of their financial situation.
Deemed economically insecure by the Economic Security Index, 20 per cent of the county have considerably less spending money now as compared to previous years.
By comparison, only 14.3 per cent of the country’s population was in the same position in 1986.
The report, compiled by Yale professor Jacob Hacker’s Index team, evaluates census data and looks at a family’s income, savings, and medical bills when determining who is considered economically insecure.