This FinancialArmageddon piece contains THREE incredibly depressing charts, which you can see by clicking on the link at the end of this post. One of the charts shows that more than half of those polled believe a recovery is at least three to five years away!! The ‘Shattered American Dream’ report, linked in this article, is long (45 pages) but worth a look. Here’s the intro to the brief ‘Pictures of Hopelessness’ piece….
Pictures of Hopelessness
Talk about losing hope.
A new survey of unemployed Americans from Rutgers’ Heldrich Center for Workforce Development, entitled “The Shattered American Dream: Unemployed Workers Lose Ground, Hope, and Faith in their Futures,” documents dramatic erosion in the quality of life for millions of Americans.
According to the report’s authors, their financial reserves are exhausted, their job prospects nil, their family relations stressed and their belief in government’s ability to help them is negligible. They feel hopeless and powerless, unable to see their way out of the Great Recession that has claimed 8.5 million jobs.