America's Under Water: Debt Equals 103 Percent of GDP: According to the most recent official estimate by the federal Bureau of Economic Analysis, the Gross Domestic Product for 2012 will be $15.6061 trillion--or about $440.5 billion less than the $16.0466 in debt that the federal government had accumulated as of the close of business on Monday.
U.S. Poverty: Census Finds 46.2 Million Impoverished As Median Income Drops: The Census Bureau said the 2011 poverty rate was 15 percent, statistically unchanged from 15.1 percent in 2010.
Nine million use credit cards and payday loans to cover monthly household bills: Almost a fifth of people are using costly forms of credit each month to help pay household bills, according to new research.
Report Blames Big Banks For 800,000 Preventable Foreclosures: Just how many more people could have qualified under the administration’s mortgage modification program if the banks had done a better job? In other words, how many people have been pushed toward foreclosure unnecessarily?
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