[T]here is a hidden economic depression running along the underbelly of the country. … The government may say this is not the 1930’s where bread lines formed outside the corner soup kitchen, however, for many American’s the only difference is that they are found at the mailbox and online instead. – Streettalklive

 

 

 

by Lance Roberts at Streettalklive

EXCERPTS:

The government “safety net” is already under tremendous strain as the number of “workers” supporting the system has fallen markedly over the last 30 years.

 

For the average person these social benefits, however, are critical to their survival as they make up more than 22.5% of real disposable personal incomes.

 

… “welfare” support in its various forms does not include the more than 46 million Americans which are dependent on the Supplemental Nutrition Assistance Program (SNAP), or more affectionately known as “food stamps.”

 

The number of individuals claiming disability has surged to the highest levels on record since beginning of the last recession.

 

federal student loan program which has surged 400% since the end of the last recession and is now the federal governments largest financial asset comprising 31% of its balance sheet.

 

Even as the media trumpets that the Fed has saved the economy from a “depression,” it might just be a statistical victory at best.

FULL ARTICLE

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