Economic Pessimism Evokes Great Depression

A new story from The Associated Press stopped me in my tracks. The gap in employment rates between America’s highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago. Rates of unemployment for the lowest-income families — those earning less than $20,000 — have topped 21 percent, nearly matching the rate for all workers during the Great Depression. U.S. households with income of more than $150,000... Read More