The U.S. birth rate has fallen sharply since hitting a high in 2007.
There is further evidence to add to the theory that the nation’s economic hard times have caused some families to delay having kids, according to a new report.
Continue reading… “Fewer people having babies amid weak economy”
More money is spent on health insurance but less money is spent on care.
U.S. Bureau of Labor Statistics numbers show more money is being spent on health insurance but less on care. Americans are spending more money on insurance premiums, and they’re spending less out of pocket on health services. The trend doesn’t reflect patients getting more health coverage for their insurance money, experts say. It reflects patients, even those with insurance, avoiding spending cash on health care they think can be put off.
Continue reading… “As health premiums rise even the insured are spending less on care”
Americans will spend more than $50 billion on their animals this year.
Mary Louise Mills has a says her three dogs are spoiled rotten 9-year-old shih tzu named Annie Lulu after Mills’ grandmother, and two Pekingese — 7-year-old Miss Daisy May and 4-year-old Elmer, whom she sometimes calls Fudd. And she says her all three of her dogs are spoiled rotten.
Continue reading… “Spending on pets in the U.S. increases during recession”
Stress has become number one cause of long-term illness.
The pressure of the recession is taking it’s toll as stress becomes the number one cause of long-term absence from work for first time, figures show. Research in almost 600 organizations also showed a link between job security and mental health issues, with employers planning redundancies ”significantly” more likely to report problems among their staff.
Citigroup and Bank of America were the reigning champs of finance in 2006.
The reigning champions of finance in 2006 were Citigroup Inc. (C) and Bank of America Corp. (BAC). As home prices peaked, they were leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
Continue reading… “The aristocracy on Wall Street got $1.2 trillion in secret loans”
U.S. poverty rate hits 15.1%
Income fell for the third straight year in 2010 in the typical American household. The poverty level rose up to its highest leve since 1993 as the aftermath of the latest recession continued to take a toll.
Continue reading… “Household income falls, poverty rate hits highest level since 1993”
There are 8.8 million part time workers wanting full time jobs.
The unemployment rate in the U.S. is 9.1 percent but the job market is actually worse than that. The 14 million unemployed in the U.S. aren’t just competing with each other they are also competing with the 8.8 million people that are part-timers who want full-time work.
Continue reading… “Toughest competition unemployed face is the underemployed”
Nearly 14 million people are out of a job and actively looking for work.
All of the economic news recently appears to be raising fears again among some American workers that they’re going to be getting a pink slip instead of a pay check.
Continue reading… “30% of American workers worried about getting laid off”
McDonalds is one example of 6,000 franchise concepts offered in the United States.
Karl Dakin: In this recession, one of the long-standing approaches to becoming a business owner is to buy a franchise. The topic of franchising was presented on Monday night at the Startup Junkie program of the DaVinci Institute. With over 6,000 franchise concepts within 40 industries currently being sold in the United States, it is quite possible for an individual to find a business that matches their passion and their pocketbook.
Continue reading… “Franchising is still an option to own and operate a business”
Many Americans are focused on bargains and careful to spend money only when they need.
Financial fears of most Americans seem to be adding to the nation’s economic woes. The recession. The financial crisis. The housing crisis. The persistently high unemployment rate. And now, the debt debacle. No wonder American’s feel uncertain about the U.S. economy.
Continue reading… “U.S. economic uncertainty is the new normal”
The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. According to an analysis of new Census data, the recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics.
Continue reading… “Wealth gap between whites and minorities widens”
Reno’s economy relies on gaming and tourism, two industries which have been hit extremely hard by the recession.
December 2007 is when the Great Recession officially began and it officially ended in July 2009. But that doesn’t mean the economy has returned to where it was before the steepest downturn since the Great Depression and may not for years. Employment is not expected to return to its pre-recession peak until 2014, according to a recent report by IHS Global Insight.
Continue reading… “10 U.S. cities that will take 10 years to recover from the recession”
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