11 Very Depressing Economic Realities that Trump Will Inherit from Obama
http://www.zerohedge.com/news/2016-11-16/11-very-depressing-economic-realities-donald-trump-will-inherit-barack-obama #1 Nearly 7 out of every 10 Americans have less than $1,000 savings. About 2/3rds are living paycheck to paycheck. #2 Reuters is reporting that U.S. mall investors are poised to lose “billions” of dollars as the “retail apocalypse” deepens. #3 Credit card delinquencies have hit the highest level that we have seen since 2012. #4 Approximately 35 percent of all Americans have a debt that is at least 180 days past due. #5 The rate of home ownership has fallen for eight years in a row and is now hovering near a 50 year low. #6 The total number of gov’t employees now outnumbers manufacturing employees in this country by almost 10 million. #7 The number of homeless people in New York City has hit a brand new record high. #8 About 20 percent of all young adults are currently living with their parents. #9 Total household debt in the United States has now reached a grand total of $12.3 trillion. #10 The total amount of corporate debt in the U.S. has nearly doubled since the end of 2007. #11 When Obama entered the White House, the U.S. was $10.6 trillion in debt. Today, it is $19.8 trillion.
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