A new economic scorecard shows that, while media outlets continue to refer to the economy as “improving,” key indicators are actually trending the opposite direction.
The new report by the Corporation for Enterprise Development, an advocacy group for “expanding economic development” showed that, five years into the Obama administration, the average American’s economic outlook continues to worsen:
The percentage of households in the US who lack the savings needed to weather a financial storm like a job loss or medical emergency is holding tight at 44%, suggesting that almost half of Americans are on the brink of financial calamity. The Scorecard also found that problems like growing student loan debt and high rates of consumers with subprime credit—especially among households of color—are to blame for Americans’ lingering inability to get ahead and build a more secure financial future for themselves and their families.
During this afternoon’s launch webinar…
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