From todays Washington Post:

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/28/AR2010092800465.html?wpisrc=nl_natlalert

Hopefully, this is turning around as unemployment finally starts to recover, these data are from 2009.

You'll know if unemployment finally starts to recover in about a year or so. Till then it's all hot air.

- Peter.

__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

The United States 'might' be stable by 2015. Any predictions for it stabilising earlier than that would be considered 'ambitious',in my opinion.
I certainly hope that I am proved wrong in my assumption.

I'm down over 15% this year over last (our FY ends 9/30), but last year was actually a pretty good year for us. Part of this year's reduction was making sure the company shows a decent profit this year since we just changed banks for our operating line of credit. The recession did hit the Northeast a bit later than the rest of the country so we're still playing "catch-up."

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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
'06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)

Til then, we'll just blame the poorly-handled economic recovery to the administration holding office during that timeframe, vowing to elect an alternative to the next term that can obviously do far better..

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2009 ML350 (106K) - Family vehicle
2001 CLK430 Cabriolet (80K) - Wife's car
2005 BMW 645CI (138K) - My daily driver
2016 Mustang (32K) - Daughter's car

What recovery?

Everything's hunky-dory. Uh-huh....

I'm up at least 300% if not more compared to 2009. 2009 was my worst year ever; I still scratch my head how I made it with out getting in debt or being evicted. What I learned about 2009 is that it doesn't take that much to end on the street...

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1979 Black on Black, 300CD (sold), 1990 Black 300SE, Silver 1989 Volvo 780, 1988 300CE (vanished by the hands of a girlfriend), 1992 300CE (Rescue).

It has a lot to do with your individual location and industry. We are looking at averages, I don't know anyone who falls right on the average. However, the household income data may be more important than the unemployment data for the overall economy.

Of course it is, how could it not be?

"Most American households are nowhere near being financially independent. Nor will most be able to retire in comfort. Yet there is more bad news. What if the equity in homes and motor vehicles is factored out of the median net worth figure? Then the median figure is about $34,000 or about 2/3 of the annual median income generated by a typical American household today. Who will care for these people when they are no longer able to support themselves? Don’t bet on your government. In the not so distant future, it is likely that you will only be able to rely on yourself and your loved ones. You must take it upon yourself to spend less and save more. Survival, like charity, begins at home.

The typical American worker who becomes unemployed today has only about two years of wealth to live on before he hits economic ground zero." -Thomas J. Stanley, PhD

Total debt increased from $1,186 per person in 1948 to $10,168 in 2010.
(Not EVEN counting mortgage/real estate debt & using 2010 dollars!) -Fed Reserve...

How about you?

Lets see adjusted for inflation $1,186 in 1948 would be...$10,453.76. So were doing a bit better these days, cool.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

I think that number was already adjusted to current value.

Good catch. Today's per person total personal debt (NOT including any mortgage and real estate debt) is nearly 10 times per person what it was 62 years ago.

That's called leverage, and it reflects the attitude of going backwards.

How do you figure?

- Peter.

__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S