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“The single most important number in today’s report is 102 million, which is the rounded sum of adults either not in the labor force or unemployed, and it amounts to 41% of the adult population. […]
The prime age [25-54] employment ratio has never been as low as it has remained since the end of the Great Recession.”
”
“”The first major benefit of this bottom-up perspective on inequality: it is very practical. If we ask which groups are getting left behind, we suddenly find ourselves with an agenda for effective action against poverty. A second benefit also becomes clear: once we know which groups are impoverished and excluded, we can often get a better sense of the political context that explains both action and inaction.””
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“The GAO found that 706,000 of households headed by those aged 65 or older have outstanding student debts. That’s just 3 percent of all households, but the debt they hold has ballooned from $2.8 billion in 2005 to about $18.2 billion last year. Some 27 percent of those loans are in default.
If you’re among the 191,000 households that GAO estimates have defaulted, your Social Security benefits can be attached and seized.”
”
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It happens: Seniors with student debt – and smaller Social Security checks.
Pay attention. This is OUR future.
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“If you’re at the bottom and the top keeps pulling away, you’re just further behind.
[…]
Most families can’t compete. Incomes have barely budged for most Americans since 1980 after accounting for inflation. For the top 10 percent, IRS data show pay has jumped 80 percent after inflation. For the top 1 percent, it’s soared 177 percent.
The education divide has grown despite the multi-decade presence of Head Start, the federal program for nutrition and early childhood education. Most states rely primarily on a private pre-school system that can reinforce the wealth gap”
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