U.S. Economy Hits Record Low as Pension Funds Seriously in Danger!

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Sources:
“Average Home Price in Manhattan Reaches $1.87 Million, a New High – The New York Times”
http://www.nytimes.com/2015/07/01/nyregion/home-prices-in-manhattan-reach-new-high.html?_r=1
“Soaring Vancouver home prices spur anger toward foreign buyers – The Globe and Mail”
http://www.theglobeandmail.com/news/british-columbia/soaring-vancouver-home-prices-spur-anger-toward-foreign-buyers/article25384862/
“Lloyd Blankfein Is Now a Billionaire – Bloomberg Business”
http://www.bloomberg.com/news/articles/2015-07-17/blankfein-becomes-billionaire-riding-goldman-s-shares-to-riches
“Google’s one-day rally is the biggest in history”
http://www.cnbc.com/2015/07/17/googles-one-day-rally-is-the-biggest-in-history.html
“More children living in poverty now than during recession”
http://www.usatoday.com/story/news/nation/2015/07/20/more-children-living-poverty-now-than-during-recession/30415391/
“Pension Funds Burn Cities as $1 Trillion Shortfall Set to Grow – Bloomberg Business”
http://www.bloomberg.com/news/articles/2015-07-17/pension-funds-burn-cities-as-1-trillion-shortfall-set-to-grow

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19 COMMENTS

  1. the number of children in poverty is much higher than 22%. The government is still using outdated figures to determine the poverty level. If those figures were accurately adjusted for today's inflation rate, the number of children living in poverty is probably closer to 50 or 60%.

  2. America has a well-organized food stamp program to help the poor.
    my country is doing too well to help the poor by giving them cash. sadly, many of the poor use their free cash to spend on beer, cigarettes, and lottery tickets.
    meanwhile, many of them are sucked dry of their cash by hookers!

  3. Something caught my attention in your article entitled, "Average Home Price in Manhattan Reaches $1.87 Million, a New High". The paragraph below your highlight stated that "The median sales price…was $980,000, just behind the record of $1.025 million set in the SECOND QUARTER OF 2008, BEFORE THE FINANCIAL CRISIS HIT…" (emphasis mine).  That should be indicative to people of this soon coming CRASH.

  4. Housing prices in Auckland NZ where i'm living are skyrocketing – to the extent of 30% capital gain per with my property. The average house price around 700k is way beyond the average person and a large proportion of sales going to rich off shore investors creating a massive bubble. I don't see it bursting anytime soon however due to the large gap in housing availability and population boom within the Auckland area.

  5. More and more people are going to have to share households with family or friends . On a high note this should have a good effect on children as they can have more adults to rely on

Comments are closed.