And, just in time for the next one (overdue), confirmation of what many Americans have known for, well, the past ten years.
40 percent of U.S. families, including middle-class households, sometimes struggle to afford housing, utilities, food or health care, according to the Urban Institute.
Nearly 1 in 5 families said they had experienced difficulty paying for food or medical care.
About 60 percent of low-income people surveyed by the nonpartisan think tank said they couldn’t pay their bills at times.
Four in 10 Americans sometimes face what economists call “material hardship,” struggling to pay for basic needs such as food and housing, according to a new study from the Urban Institute. Even middle-class families routinely struggle financially and are occasionally unable to pay their bills.
The finding is striking given the U.S. has experienced a decade of economic growth in the decade since the recession ended. The unemployment rate is at its lowest in half a century, and the stock market has enjoyed a decade-long bull run. But for many Americans, incomes haven’t kept up with the rising cost of necessities such as housing and health care, resulting in financial anxiety.
Financialization = financial anxiety = a lost decade in advance of the next downturn.
Those “green shoots” must have dried up or something. The price of the sorcery is becoming obvious. It will be made even more so in the next few years.