Bernanke fears slow US recovery: Labor Department figures showing that the US unemployment rate dropped to 9.4% in December from 9.8% in November. However, the lower rate came not only because more people found jobs, but also because 260,000 had given up looking and had therefore disappeared from the jobless total. Census Bureau says 15.7 percent in poverty: Wednesday's report said 18 percent of children and 16.1 percent of the elderly live in poverty. Study: After Bankruptcy, Americans Need 10-20 Years To Recover: Compared to those who have similar social and economic backgrounds, people who declare bankruptcy catch up to non-filers in terms of savings in about 12 years, total income in 14 years, home ownership in 14 years, and net worth in 26 years.
Tuesday, 11 January 2011
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