http://www.npr.org/2014/09/15/347957729/when-consumer-debts-go-unpaid-paychecks-can-take-a-big-hit
One in 10 working Americans between the ages of 35 and 44 are getting their wages garnished. That means their pay is being docked — often over an old credit card debt, medical bill or student loan.
That striking figure comes out of a collaboration between NPR and ProPublica. The reporting offers the first available national numbers on wage garnishment.
What does that mean, it means the recession never really ended. There were lucky people, and not so lucky people...
It also means, should you be under the age of 35, and in a job where the workforce is largely under 30, you should really wake up and sink your teeth into job security, because age discrimination will not be something that you escape.
http://time.com/8740/federal-reserve-debt-bankrate-consumers-credit-card/
Americans Are Taking on Debt at Scary High Rates - Feb. 19, 2014
Overall debt levels rose at the fastest rates seen since 2007, according to a new study by the Federal Reserve of New York
Americans are known risk-takers when it comes to their personal finances. While consumer spending has traditionally been one of the great engines of the U.S. economy, it also helped get the country into the Great Recession. So after five years of economic turmoil we’ve presumably become a little better at keeping track of our debts, right?
Based on the way I have witnessed demographics shift over the last 10 years in my area, and based on this UK statistics, I'd imagine the USA is probably experiencing a similar increase.
So... how many customer service jobs are there to go around? Because as far as I can see it, that is the only job creation happening in North America. Not seriously, but yeah, it is a free economy.
http://www.dailymail.co.uk/news/article-2386812/Immigration-recession-boost-UK-population-420-000--fastest-growth-Europe.html
Immigration and recession boost UK population by 420,000... the fastest growth in Europe
New figures show there were 63.7million in the UK in mid-2012
Increase of 419,000 or 0.7% in a year, Office for National Statistics says
813,200 births in 12 months, the largest number seen since 1972
165,600 more international migrants arrived than emigrants left
The unspoken truth about that particular situation, is that in many cases, foreigners are educated in facitilities overseas, and to get the edge on domestically educated North American workers, is fairly easy in terms of lifetime education costs, and scoring fast jobs.
Immigration will never stop, and there is no fighting it, however, there is a serious crunch happening and it is continuing to happen.
http://www.forbes.com/sites/jeffreydorfman/2014/06/07/middle-class-jobs-are-disappearing-and-the-fed-is-the-culprit/
Middle Class Jobs Are Disappearing And The Fed Is The Culprit
We may be moving toward what some are calling a dumbbell economy where most of the jobs are at either the lower or upper end of the income spectrum, with few jobs left in the middle class. The idea is that yard work, stocking store shelves, and similar jobs do not easily lend themselves to automation. Ditto for neurosurgeons or movie stars.
If you are in Canada... be prepared to change the way you eat...
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/econ155a-eng.htm
You cannot beat a foreigners food market. They are BAR NONE the best place to score food cheap. In other words, take five minutes out of your day to walk into a store which IS NOT a franchise. You may be extremely surprised.
I will bet that will be impossible for at least 40% of you as you will be flanked by nothing except franchises for at least 10km - 20km radius. It is an entirely different world now compared to ten years ago.
You should see the city next to me... there are vacancies EVERYWHERE... I mean EVERYWHERE... it is largely a renters city, and everyone is leaving.
This is the new future for most areas....
http://content.time.com/time/photogallery/0,29307,1975397_2094492,00.html
The Kangbashi district began as a public-works project in Ordos, a wealthy coal-mining town in Inner Mongolia. The area is filled with office towers, administrative centers, government buildings, museums, theaters and sports fields—not to mention acre on acre of subdivisions overflowing with middle-class duplexes and bungalows. The only problem: the district was originally designed to house, support and entertain 1 million people, yet hardly anyone lives there.