9.25.2010

Reality Bites

"The people we’re seeing never expected things to turn out like this — not at this stage of their lives. Not in the United States. The middle class is quickly slipping into a lower class.”
[...]
There are more people in poverty now — 43.6 million — than at any time since the government began keeping accurate records. Nearly 15 million Americans are out of work and home foreclosures are expected to surpass one million this year. The Times had a chilling front-page article this week about the increasing fear among jobless workers over 50 that they will never be employed again.

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