User:CarreroMassaro794
With New Unemployment Numbers Will More Americans Be Your bankruptcy filing
Over the last 10 years our government continues to be releasing only the information that they believe we have to hear. In fact, this really is happening overall from wars to unemployment. Today, the unemployment rate was released, and picture that, it went down the next day obama spoke in the DNC. Is this a coincidence or conspiracy? When looking at the amount of 8.1% unemployed, you need to consider the other day to obtain a true reading. What this number doesn't show us may be the people who are no longer receiving unemployment insurance and also have still not found employment. The White House revels if this number drops, but they are they being truthful? The numbers they are releasing seem to be the actual numbers, it's just that they're holding back some important facts to inform the whole story. Exploring the statistics, rather than 8.1% it ought to really read 11.2% but who's counting. When we went back to when Jimmy Carter was president and use the formula which was used in those days, it might be over 16%. So, to my point after looking at the facts, are lots of Americans going to be your bankruptcy filing in the near future due to this economic data?
Digging a little deeper we all know that bankruptcy filing rates are down for 2012. In 2010, the united states reached an optimum of 1.7 million Americans had to declare bankruptcy to eliminate their debt. Many optimists believe things are improving. Things have gotten better but only temporarily due to large influxes of money in to the system from QE1, QE2 and the twist. But now the economy is beginning to slow drastically, the Fed has become rooted in the idea of QE3 into the wind. I don't know why they play these games and not just come out and say it. Obviously, the very first three didn't work or we'd maintain a recovery stage. Last week, america surpassed $16 trillion in government debt. It doesn't range from the unfunded liabilities of Social Security, Obamacare, and every one of the government employee pensions which are not yet been paid.
The middle class is now diminishing as this appears to be the new normal. Most of the good manufacturing jobs have remaining the nation not to return. All that remains is substandard employment to give someone enough money to make do. The median household income for the US has dropped $6000 a year during the last 10 years and because the cost-of-living continues to rise people are having a hard time balancing the budget and therefore are needing to consider the option of your bankruptcy filing. The Pew Research Center recently did market research that learned that 85% of middle-class Americans are finding it harder to keep that quality lifestyle when compared with Ten years ago. They further reported that 61% of all Americans were considered middle-class in 1971 which number has dropped to 51% today. Based on the Federal Reserve the typical net worth of yankee families has declined from $126,400 in $2007 to $77,300 in 2010.
After doing all of my research, I believe that many Americans are benefiting from the QE program that allowed creditors to push money in to the economy. The issue with this particular is, Americans in general are now further indebted than they were back in 2007. Individuals are living payday to payday by robbing Peter to pay Paul. Once the credit market tightens up, all bets will be off and many Americans is going to be declaring bankruptcy simply because they don't have any alternative choice. A recent study demonstrated that the average family is three weeks from filing for bankruptcy. While this statement sounds vague, it basically means that this group can only sustain themselves with 3 weeks of money set aside. It's the perfect time that Americans awaken and take this matter seriously. For that ones that are living payday to payday, it's time to consult a bankruptcy attorney about their options. Filing bankruptcy is probably not within the cards at the moment, but it sure may be in the future.
