We know that the employment situation in the US is terrible with 70% of jobs created since January 2009 being low-paying, part-time jobs.
And median household income keeps declining.
After reading James Hamilton’s horrifying paper on the size of off-balance sheet liabilities for America, I thought I would put together the following table to you could see the household share of government debt, entitlements and The Federal Reserve Balance Sheet.
Read more at Confounded Interest
No comments:
Post a Comment